Second Avenue Group locks in $250m commitment from Monroe Capital

Second Avenue Group, an institutional single-family rental platform, has added $250 million from private credit asset manager Monroe Capital to its investment platform.

The commitment was made through a mixture of debt and equity capital and brings Second Avenue’s current capacity for new investments to around $1.7 billion.

Monroe Capital’s opportunistic private credit group focuses on complex and special-situation structured debt and equity financings covering all asset types and geographies. In 2021, the firm’s Opportunistic Group closed more than 20 debt and equity transactions.

Other recent commitments in Second Avenue’s investment platform include $500 million from Waterton, $150 million from BLG Capital and significant amounts from other institutional capital partners.

Second Avenue is currently active in 10 markets, primarily in the southeastern and southwestern United States. The firm has targeted an additional 10 markets for entry in the