- Business
- Monroe Capital Corporation - 5. (NASDAQ: MRCCL) is a perpetual preferred stock issued by Monroe Capital Corporation (NASDAQ: MRCC), a business development company focused on providing customized financing solutions, including senior secured debt, unitranche debt, junior secured debt, unsecured subordinated debt, and minority equity investments such as preferred stock, common stock, and warrants, primarily to lower middle-market companies. The company targets industries including healthcare, technology and software, business services, manufacturing, consumer products, retail, sports, media and entertainment, specialty finance, and venture debt, serving business owners, management teams, private equity sponsors, and independent sponsors across the United States and Canada. Founded in 2010 and externally managed by Monroe Capital BDC Advisors LLC, an affiliate of Monroe Capital LLC (established 2004), it is headquartered at 311 South Wacker Drive, Suite 6400, Chicago, Illinois.
Monroe Capital Corporation's affiliate, Monroe Capital LLC, completed a major strategic partnership in March 2025, under which Wendel Group acquired a 75% equity stake for $1.13 billion, alongside a minority investment from AXA IM Prime, with commitments of $1 billion in seed capital and GP investments plus up to $800 million in a sponsoring program to fuel growth and platform expansion. In August 2025, Monroe Capital Corporation announced a definitive merger agreement with Horizon Technology Finance Corporation, anticipated to close in the first quarter of 2026 following an asset sale to Monroe Capital Income Plus Corporation, after which its sole assets will consist of net cash proceeds. Recent activities include the December 2025 launch of the Monroe Capital Enhanced Corporate Lending Fund (MLEND), a non-traded BDC offering monthly subscriptions, quarterly liquidity, and a portfolio of diversified senior secured loans to lower middle-market and technology-enabled companies; the November 2025 closing of a $730.7 million private credit CLO; and senior credit facilities for acquisitions such as Shore Capital Partners' purchases of Reliant Healthcare and Care Fusion Rx, and Renovus Capital Partners' deals involving K2 Services, Epiq GBTS, and Forrest Solutions. In December 2025, the company declared a fourth-quarter distribution of $0.18 per share, payable December 31 to shareholders of record as of December 23.