Monroe Capital announced it has reached a final close for its 2025 Monroe Capital Private Credit Fund V, bringing total investable capital tied to the strategy to $6.1 billion when including the fund, targeted fund-level leverage, and separately managed accounts that are expected to invest alongside the same mandate.
The Chicago-based private credit firm said Fund V secured $2.8 billion of institutional limited partner commitments. The broader $6.1 billion figure also includes $1.5 billion of targeted leverage and $1.8 billion from separately managed accounts aligned with the same investment approach, making Fund V the firm’s largest private credit vehicle to date.
Fund V will continue Monroe’s focus on senior secured financing for U.S. lower middle-market companies, including both private equity-sponsored and non-sponsored borrowers. Monroe said the strategy targets businesses with approximately $35 million or less in EBITDA, emphasizing capital preservation, structural protections, and active portfolio management.
The close extends Monroe’s flagship institutional fund series. The firm’s prior vintage, Monroe Capital Private Credit Fund IV, closed in April 2022 with $4.8 billion of investable capital, the company said.
Monroe described Fund V’s investor base as more than 90 global institutions across 18 countries, spanning public and corporate pension plans, insurers, sovereign wealth funds, foundations, endowments, and family offices. The firm said it continues to expand relationships with investors seeking broader exposure to private credit and lower middle-market lending.
Monroe also provided an update on Fund V’s deployment pace, saying that as of December 31, 2025, the fund had committed more than $3.2 billion across over 130 borrowers.
Across the platform, Monroe reported approximately $23 billion in assets under management as of December 1, 2025. The firm said it employs more than 320 people, including roughly 115 investment professionals focused on sourcing and underwriting, and operates a private credit platform with more than 45 vehicles, including direct lending, alternative credit, venture debt, BDCs, separately managed accounts, and CLOs.
KEY QUOTE:
“The successful close of Fund V reflects the continued confidence our global institutional investor base has in Monroe’s tenured direct lending platform, disciplined underwriting culture, and long-term performance across market cycles. With this capital, we are well positioned to continue delivering consistent performance in a target segment where many limited partners are seeking increased diversification and exposure.”
Zia Uddin, President, Monroe Capital
