Private Credit Giant Monroe Capital Expands into Australia to Tap Growing Pensions Pool
Monroe Capital LLC, a leading private credit manager, has established its presence in Australia with a new office in Sydney. The expansion aims to capitalize on the nation's rapidly growing A$4.1 trillion ($2.6 trillion) pensions pool.
Galen Fu has been appointed as Director of Business Development for the Australian operation. Fu brings extensive experience from his previous role as Director in the Capital Markets team at Hines Investment Management.
Private credit has gained traction in Australia's real estate and corporate lending markets as banks reduce their exposure due to stricter capital regulations. Global investors, including Warburg Pincus, Nuveen, and PGIM, have established Australia-focused property debt funds. Additionally, Ares Management, Blackstone, and KKR provide leveraged loans to support private equity buyouts in the country.
Headquartered in Chicago, Monroe Capital manages $20.3 billion and specializes in lending to mid-market companies in the US and Canada. Its expansion into Australia reflects the growing demand for private credit solutions in the region.