monroe

Monroe Capital

Monroe Capital, a private credit leader in the US middle market

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Capital held by Wendel
75
%¹
Amount invested by Wendel
$1,130
m¹
Year of acquisition
2025

Founded in 2004 by Ted Koenig, Monroe Capital provides private credit solutions to borrowers in the US and Canada, managing more than $30bn of assets across 45+ investment vehicles.

The firm, which is headquartered in Chicago, maintains 11 offices, of which 9 are in the US, 1 in Seoul and 1 in Australia. Monroe Capital has grown to a team of over 310 employees, including 115 investment professionals.

(1) Amount of equity invested by Wendel as of end‑2025 (1 tranche of the transaction) for approximately 75% of the capital. In parallel with Wendel’s acquisition, AXA IM Prime acquired a minority stake of around 3% in Monroe Capital (deducted from the 75% acquired by Wendel).
Key figures
icon
$30+ bn
assets under management
price2
800+
investments since creation
monde_MONDE_2
11
offices
suite_pictos_bonhommes_2
310+
employees

A key player in mid-market private debt in the United States

Monroe Capital provides private credit solutions to borrowers in the U.S. and Canada, managing more than $30 billion of assets across 45+ investment vehicles. Monroe Capital’s strategic verticals are Lower Middle Market Direct Lending, Alternative Credit, Software & Technology, Real Estate, Venture Debt, Independent Sponsor and Middle Market CLOs. Each vertical has demonstrated strong investment performance and offers potential for significant organic growth.

Since it was created, Monroe Capital has earned c.10% gross unlevered IRR for its directly originated transactions. Monroe Capital’s Limited Partner (LP) base is very broad and diversified, including public pensions, insurance companies, family offices and high net worth individuals from across the globe.

Key milestones of the investment

Monroe Capital is a terrific company that has consistently delivered strong performance across various market cycles in North America, bolstered by a surge in demand for private credit solutions and with the scale to capitalize on the growing opportunity set we see in private credit. Monroe Capital is strategically positioned to capitalize on this increasing demand, attracting both institutional and retail investors.

laurent-mignon-wendel
Laurent Mignon
Group CEO
2024
2025
2024
October 22, 2024
Wendel announces a transformational transaction in line with its strategic roadmap
October 22, 2024
Analysts presentation as of October 22, 2024
2025
March 31, 2025
Wendel completes the acquisition of a controlling stake in Monroe Capital LLC, a transformational transaction in line with its strategic roadmap

Wendel reaches a milestone with the acquisition of Monroe Capital

Wendel’s ambition is to build a sizeable Asset Management platform managing investments in multiple private asset classes, alongside its historical Principal Investment activity. The development of the third-party Asset Management platform will provide Wendel with recurring and growing cashflows as well as exposure to multiple and high performing asset classes. The aim of this evolution of Wendel’s business model? To enable the development, over time, of a value-creating platform with the potential to generate operational synergies. As a result, Wendel’s dual business model is expected to generate an attractive and recurring return to shareholders.

With IK Partners, Monroe Capital and now Committed Advisors, Wendel’s third party asset management platform reaches near €50 billion in AUM(1) and would exceed €200(2) million in 2026 annual FRE in private equity, private debt, and private market solutions.

Wendel Investment Managers platform is to become one of the main European players in terms of Assets Under Management & Fee Related Earnings, and will pursue its growth organically, with enhanced potential to generate operational synergies, and externally in the coming years.

(1) As of March 31, 2026.
(2) Consolidated proforma FRE including minority interest, on a full-year basis, EURUSD@1.17.

Top management

of Monroe Capital
ted
Ted Koenig
Chairman and CEO

Wendel’s role in corporate governance

Board of Managers
Laurent Mignon (Chairman)
Cyril Marie
Adam Reinmann
Stéphane About (Observer)

#Edito
19 October 2023
With the acquisition of IK Partners, Wendel initiates its development strategy in third-party asset management
All news
– Press releases
6 January 2026
Monroe Capital Closes $6.1 Billion for its Private Credit Strategy
Tous les communiqués
 
8 December 2025
Monroe Capital Launches Monroe Capital Enhanced Corporate Lending Fund (MLEND)
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The information contained in this section of the website of Wendel SE, parent company of Eufor SAS (together “Wendel”) (a) is only intended for, and may only be accessed by, or distributed or disseminated, directly or indirectly, in whole or in part, to persons resident and physically present outside the United States of America (including its territories and possessions, any state of the United States and the District of Columbia, the “United States”), Australia, or Japan, and resident and physically present in a jurisdiction where to do so will not constitute a violation of the local securities laws or regulations of such jurisdiction, and (b) does not constitute an offer to sell or the solicitation of an offer to buy or acquire any securities of the Bureau Veritas (the “Issuer”) in the United States, Australia, Japan, or any other jurisdiction where to do so might constitute a violation of the local securities laws or regulations of such jurisdiction.

The securities of the Issuer referred to in this section of the website (the “Securities”) have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or with any securities regulatory authority of any state of the United States for offer or sale as part of their distribution and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States.  The Securities have not been and will not be registered under the applicable securities laws of Australia or Japan, or any other jurisdiction in which it would be unlawful or would require registration or other measures, and therefore may not be offered or sold to or for the account or benefit of any person having a registered address in, or located or resident in, Australia, Japan or any other jurisdiction in which it would be unlawful or would require registration or other measures.

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