Middle market CLO manager Monroe sells minority stake to Aberdeen

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By Paola Aurisicchio
03 Mar 2021

Chicago-based middle market CLO manager Monroe Capital has sold a minority equity stake to Bonaccord Capital Partners, a subsidiary of the UK asset manager Aberdeen Asset Management. The minority interest is classified as 'passive', in which the buyer will not exercise control by votes and will not have impact on the day-to-day management, operations and decision-making processes of Monroe. Terms of the investment were not disclosed.

Monroe Capital, whose CEO is Theodore Koening, is a credit asset management firm specialized in direct lending and private credit investing.

"Bonaccord’s experience and track record of supporting leading alternative asset managers will be helpful to us as we continue to strategically build and scale our platform ...

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