Monroe Capital has led a $60 million Class B Term Loan for 36th Street Capital, providing additional financing to support the specialty equipment finance company’s origination growth and platform expansion.
Based in Morristown, New Jersey, 36th Street Capital provides structured leases and loans to large and mid-sized businesses across the U.S.
The company focuses on financing essential-use equipment, including assets customers depend on for their day-to-day operations. Its portfolio spans manufacturing, technology, healthcare, construction, and food and beverage businesses.
The investment broadens 36th Street Capital’s access to institutional financing as the company continues growing originations.
Monroe’s equipment finance team was led on the transaction by Aaron Levy and Chris Spanel.
The team provides debt, forward flow and equity capital to equipment finance platforms spanning small-, middle- and large-ticket leasing markets.
For 36th Street Capital, Monroe adds a financing partner with experience across asset-backed lending and equipment leasing.
Monroe Capital operates across private credit strategies including direct lending, technology finance, venture debt, alternative credit, structured credit, real estate and equity.
Founded in 2004, Monroe is headquartered in Chicago and operates 14 locations across the U.S., Asia, Australia, Europe and the Middle East.
KEY QUOTES:
“36th Street Capital has built a differentiated platform in essential-use equipment finance, and we are excited to support its next phase of growth. Its deep sector expertise, flexible approach to structuring, and strong market position make it an excellent fit for Monroe.”
Kyle Asher, Co-Head of Monroe’s Alternative Credit Solutions Group
“We are pleased to welcome Monroe Capital as a financing partner. Monroe’s experience in asset-backed and equipment leasing investments, combined with its flexible capital base, makes it an ideal partner as we continue to grow our platform and deliver customized financing solutions to clients nationwide.”
Kiran Kapur, Chief Executive Officer of 36th Street Capital
