Monroe Capital has priced Monroe Capital PC CLO II, a $398.9 million collateralized loan obligation backed primarily by senior secured loans to lower middle-market and traditional middle-market companies. The transaction represents Monroe’s second new-issue CLO completed during 2026 and its fourth CLO transaction over the past 12 months. Deutsche Bank served as lead arranger for the transaction.
The CLO’s capital structure includes investment-grade debt tranches rated from AAA through BBB-. It was also structured to meet applicable risk-retention requirements across the United States, United Kingdom and Europe.
The transaction expands Monroe’s structured products platform, which has issued more than $13 billion since inception.
That platform includes traditional middle-market CLOs, private credit CLOs, broadly syndicated CLOs, asset-backed securitizations, rated feeder vehicles and collateralized fund obligations.
Monroe said the CLO demonstrates its ability to combine directly originated middle-market loans with institutional capital markets financing while maintaining its underwriting and portfolio construction standards.
The firm’s structured products business is led by its senior investment and structured-solutions teams and draws on experience spanning multiple credit cycles.
Monroe has also received industry recognition for its CLO business, including DealCatalyst’s 2026 Boutique Private Credit CLO Manager of the Year award in the under-$5-billion category and its 2026 Innovative Private Credit CLO Manager award.
As of July 1, 2026, Monroe Capital managed $23.8 billion across more than 45 investment vehicles. Its broader platform includes direct lending and alternative credit funds, venture debt, public and private business development companies, separately managed accounts and CLOs.
KEY QUOTES:
“We are pleased with the strong execution of this transaction and the broad support it received from a sophisticated global investor base. This CLO reflects the institutional scale, underwriting discipline, and sourcing advantages we have built across our private credit platform. As borrowers and investors increasingly value certainty, selectivity, and long-term partnership, our focus remains on deploying capital thoughtfully, protecting downside, and generating durable risk-adjusted returns through market cycles.”
Zia Uddin, President of Monroe Capital
“This is a meaningful milestone for Monroe’s structured-solutions platform and reinforces our position as a leading manager of middle-market and private credit CLOs. The transaction reflects our ability to pair high-quality, directly originated collateral with thoughtfully constructed liabilities, delivering a product that meets the needs of sophisticated, ratings-sensitive investors. We remain focused on scaling the platform responsibly, maintaining disciplined credit standards, and delivering consistent execution for our investors and financing partners.”
Seth Friedman, Managing Director and Head of Structured Solutions at Monroe Capital
