New partnership between Ninepoint and Monroe expands investment opportunities for Canadian institutions, unveiling private credit strategies and access to the US middle-market
Ninepoint Partners LP (Ninepoint) has announced an expanded strategic partnership with Monroe Capital LLC (Monroe), a private credit asset management firm based in Chicago.
The partnership with Ninepoint Institutional Partners LP, a division of Ninepoint Partners, will provide Canadian institutional investors with access to Monroe's private credit investment strategies within the US middle market that is estimated at US$10 trillion.
Monroe has been at the forefront of the US private debt market, making over 1,700 investments totaling around US$35 billion.
“Institutional investors have long valued private debt as an important portfolio diversifier,” said Ramesh Kashyap, Managing Director of the Alternative Income Group, Ninepoint Partners.
“We look forward to providing Canadian institutional investors with unique exposure to this asset class in partnership with one of the leading lenders in the US middle-market private debt space.”
Ninepoint and Monroe have already been co-managing the Ninepoint-Monroe U.S. Private Debt Fund since April 2019.
“We are pleased to continue to expand our footprint in Canada to the institutional investor base through our partnership with Ninepoint,” said Zia Uddin, President & Co-Portfolio Manager of Direct Lending, Monroe Capital.
“We believe that the Canadian institutional market offers a significant area of growth for Monroe, and we are excited about the expansion of our partnership with Ninepoint.”
