Having invested over $2.5 billion with more than 240 private equity sponsor firms, Monroe Capital LLC has been chosen as the Small Business Investment Company of the Year by the US Small Business Administration. This award was given to Monroe Capital in recognition of the outstanding achievements of its SBIC fund, including job creation, community involvement, profit and general health of small business.
“Monroe Capital has an excellent record of creating value for small businesses throughout the U.S., including in underserved segments of the small business economy which include woman and minority owned and managed businesses. We are very proud to count Monroe Capital among our SBIC of the Year family,” said Javier Saade, Associate Administrator for Investment and Innovation of the SBA.
As a leading provider of debt and equity co-investments to middle market companies, Monroe Capital has invested in over 500 middle market transactions. The company’s SBIC fund has invested in 33 companies, with 84% defined as small business by the SBA and 35% being minority-owned or managed. All 33 companies combined have generated over $2.2 billion in revenue and created over 11,000 jobs in 14 different states.
“We are extremely honored that the SBA has recognized Monroe Capital and our SBIC fund as the SBIC of the Year. This award exemplifies our experience and dedication to helping growing small businesses in the middle market throughout the U.S. We greatly value our partnership with the SBA and believe that our firm demonstrates what a successful SBIC fund should aspire to be,” said Ted Koenig, President and CEO of Monroe Capital LLC.
The SBIC of the Year Award will be presented to Koenig and Zia Uddin, Managing Director and Portfolio Manager of Monroe Capital, at the White House on May 8, 2015 during National Small Business Week.
