Monroe Capital, a private credit asset manager, has announced the launch of Monroe Capital Enhanced Corporate Lending Fund (MLEND), a perpetual-life, continuously offered, nontraded business development company (BDC) designed to provide retail investors access to Monroe’s direct lending strategy.
MLEND seeks to deliver consistent current income and attractive risk-adjusted returns that are less correlated with public markets. To achieve this, the fund intends to construct a unique, balanced investment portfolio primarily consisting of diversified senior secured loans to lower middle market companies with predictable, stable cash flows, as well as senior secured loans to software and technology-enabled companies. The fund focuses on various diverse industries, including technology and software, business services and healthcare, among others. The fund leverages Monroe Capital’s relationships and rigorous underwriting process that have been developed over the past 20 years.
