About This Fund
Monroe Capital Private Credit Fund IV is the flagship direct lending vehicle of Monroe Capital LLC, a Chicago-based alternative asset management firm founded in 2004 with offices in Atlanta, Boston, Dallas, Los Angeles, Miami, Naples, New York, San Francisco, and Seoul. The fund held its final close in April 2022 with $4.8 billion of investable capital, comprising $2.3 billion in limited partner commitments, $1.1 billion in targeted leverage, and $1.4 billion in separately managed accounts — making it the largest vehicle Monroe Capital had closed to date.
Monroe Capital Private Credit Fund IV focuses exclusively on the lower middle market, providing senior secured loans and unitranche financing to private equity-sponsored and non-sponsored U.S. companies with less than $35 million in EBITDA. The fund's disciplined credit approach allocates the majority of capital to first-lien senior secured positions for portfolio stability, complemented by unitranche facilities combining senior and junior debt elements generating yields of 10–13%, and a smaller allocation to subordinated debt for enhanced yield. Target sectors span healthcare, technology, specialty finance, and real estate, with transaction sizes calibrated to the needs of smaller, growth-oriented borrowers underserved by larger institutional lenders. Flexible structures serve as acquisition financing, working capital solutions, and recapitalization capital across the North American lower middle market.
At the time of final close, Fund IV had already deployed over $1.7 billion across 90 transactions, demonstrating strong lender-market fit and highly efficient capital deployment. Over 300 institutional investors across 17 countries — including leading public and corporate pension plans, insurance companies, university endowments, foundations, sovereign wealth funds, and family offices — committed capital to the vehicle. Monroe Capital has invested more than $38 billion across over 2,000 transactions since its founding in 2004, building an 18-year track record of consistent performance in the lower middle-market private credit segment across the United States and Canada.