CHICAGO & WEST DES MOINES, Iowa–(BUSINESS WIRE)–American Fairness Funding Life Holding Firm (“American Fairness”) (NYSE: AEL), a number one supplier of economic dignity options by basic account annuities for particular person purchasers in the US and Monroe Capital LLC (“Monroe”), a premier boutique $11.2 billion asset administration agency specializing in personal credit score, introduced right this moment a $1 billion funding in Monroe Capital’s devoted know-how lending platform specializing in center market Software program, Expertise and Recurring Income (“STARR”) loans originated and underwritten by Monroe. The funding focus can be on software program and know-how enabled corporations that may supply mission vital, excessive return-on-investment software program or know-how options for its clients.
“Our dedication to the STARR technique demonstrates the power of our funding platform to seek out property that generate engaging funding earnings on a risk-adjusted foundation,” stated Jim Hamalainen, CIO of American Fairness. “We’re excited to accomplice with Monroe, whom we view as a best-in-class accomplice, as we construct towards our long-term strategic asset allocation to non-public property.”
Ted Koenig, Chairman and CEO of Monroe added, “We’re thrilled to accomplice with American Fairness in our know-how lending platform. It’s a technique the place we will add differentiation for our investor’s portfolios whereas producing “alpha”. Having a strategic partnership with American Fairness will enable us to proceed to scale our efforts on this fast-growing area. American Fairness can be useful within the distribution to different like-minded personal credit score buyers all through the world in search of a novel STARR funding technique with an skilled supervisor identified for producing constant returns.”
Underneath the phrases of the settlement, American Fairness and Monroe will work collectively to scale the know-how lending platform with third occasion buyers, together with different insurance coverage corporations, by structured merchandise based mostly on the STARR lending platform.
“STARR has emerged as a vibrant sub-sector of the U.S. economic system, much like the place the well being care sector was a few decade in the past. It represents a extremely resilient a part of the U.S. economic system given the give attention to companies with capability for recurring income from mission vital options to their clients,” defined Anant Bhalla, CEO of American Fairness. “This is the reason it has been a first-rate lending sector alternative on our radar as we rolled out plans for personal property. American Fairness is happy to enter this greater development, various credit score sector with a confirmed accomplice like Monroe.”
Zia Uddin, President of Monroe Capital and chargeable for know-how investments for the agency acknowledged, “Whereas now we have been investing in know-how for nearly 20 years, we’re nonetheless early within the digital transformation for a lot of corporations, particularly within the center market. We consider there’s a nice alternative set for funding within the know-how sector by credit score. Expertise investing is specialised, whether or not in fairness or credit score, you want a deeper understanding of the know-how and finish merchandise to achieve success. By partnering with American Fairness, now we have the power to strengthen our business main scale within the area with a accomplice that understands the investable panorama as effectively.”
About Monroe Capital
Monroe Capital LLC (“Monroe”) is a premier boutique asset administration agency specializing in personal credit score markets throughout varied methods, together with direct lending, asset-based lending, specialty finance, opportunistic and structured credit score, and fairness. Since 2004, the agency has been efficiently offering capital options to purchasers within the U.S. and Canada. Monroe prides itself on being a value-added and user-friendly accomplice to enterprise homeowners, administration, and each personal fairness and unbiased sponsors. Monroe’s platform provides all kinds of funding merchandise for each institutional and excessive internet price buyers with a give attention to producing prime quality “alpha” returns regardless of enterprise or financial cycles. The agency is headquartered in Chicago and maintains workplaces in Atlanta, Boston, Los Angeles, Naples, New York, San Francisco and Seoul.
Monroe has been acknowledged by each its friends and buyers with varied awards together with Creditflux because the 2021 Finest U.S. Direct Lending Fund; World M&A Community because the 2021 Mid-Markets Lender of the 12 months, U.S.A.; Non-public Debt Investor because the 2020 Decrease Mid-Market Lender of the 12 months, 2020 Lender of the 12 months, and 2020 CLO Supervisor of the 12 months, Americas; and Pension Bridge because the 2020 Non-public Credit score Technique of the 12 months. For extra data, please go to www.monroecap.com.
About American Fairness
American Fairness Funding Life Holding Firm, by its wholly-owned working subsidiaries, is a number one issuer of basic account annuities by unbiased brokers, banks and broker-dealers and can proceed to broaden its capabilities in personal asset origination through strategic investments, joint ventures and different initiatives. American Fairness Funding Life Holding Firm, a New York Inventory Trade listed firm (NYSE: AEL), is headquartered in West Des Moines, Iowa with satellite tv for pc workplaces slated to open in 2022 in Charlotte, NC and New York, NY.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
The forward-looking statements on this launch, reminiscent of functionality, towards, and can, are based mostly on assumptions and expectations that contain dangers and uncertainties, together with the “Danger Elements” American Fairness describes in its U.S. Securities and Trade Fee filings. American Fairness’s future outcomes might differ, and it has no obligation to appropriate or replace any of those statements.