Key Takeaways
- • Monroe Capital led a $60 million Class B Term Loan for 36th Street Capital, a Morristown, New Jersey-based specialty equipment finance company, to support origination growth and platform expansion.
- • 36th Street Capital provides structured leases and loans to large and mid-sized businesses across the U.S., focusing on essential-use equipment in manufacturing, technology, healthcare, construction, and food and beverage.
- • Monroe's equipment finance team was led on the transaction by Aaron Levy and Chris Spanel, with Kyle Asher, Co-Head of Monroe's Alternative Credit Solutions Group, providing the lender's perspective.
- • The financing broadens 36th Street Capital's access to institutional capital as its originations continue to grow.
Summary
Monroe Capital has led a $60 million Class B Term Loan for 36th Street Capital, according to Pulse 2.0. The financing is intended to support the specialty equipment finance company's origination growth and platform expansion, and it broadens the company's access to institutional financing.
36th Street Capital, based in Morristown, New Jersey, provides structured leases and loans to large and mid-sized businesses across the United States. The company concentrates on essential-use equipment, meaning assets that customers depend on for day-to-day operations. Its portfolio spans manufacturing, technology, healthcare, construction, and food and beverage businesses.
Monroe's equipment finance team, led on the transaction by Aaron Levy and Chris Spanel, provides debt, forward flow and equity capital to equipment finance platforms across small-, middle- and large-ticket leasing markets. Monroe Capital, founded in 2004 and headquartered in Chicago, operates across private credit strategies including direct lending, technology finance, venture debt, alternative credit, structured credit, real estate and equity, with 14 locations across the U.S., Asia, Australia, Europe and the Middle East.
Kyle Asher, Co-Head of Monroe's Alternative Credit Solutions Group, said 36th Street Capital "has built a differentiated platform in essential-use equipment finance," citing its deep sector expertise, flexible approach to structuring and strong market position. Kiran Kapur, Chief Executive Officer of 36th Street Capital, said the company views Monroe as an ideal partner for its continued growth and for delivering customized financing solutions to clients nationwide, citing Monroe's experience in asset-backed and equipment leasing investments and its flexible capital base.
36th Street Capital, based in Morristown, New Jersey, provides structured leases and loans to large and mid-sized businesses across the United States. The company concentrates on essential-use equipment, meaning assets that customers depend on for day-to-day operations. Its portfolio spans manufacturing, technology, healthcare, construction, and food and beverage businesses.
Monroe's equipment finance team, led on the transaction by Aaron Levy and Chris Spanel, provides debt, forward flow and equity capital to equipment finance platforms across small-, middle- and large-ticket leasing markets. Monroe Capital, founded in 2004 and headquartered in Chicago, operates across private credit strategies including direct lending, technology finance, venture debt, alternative credit, structured credit, real estate and equity, with 14 locations across the U.S., Asia, Australia, Europe and the Middle East.
Kyle Asher, Co-Head of Monroe's Alternative Credit Solutions Group, said 36th Street Capital "has built a differentiated platform in essential-use equipment finance," citing its deep sector expertise, flexible approach to structuring and strong market position. Kiran Kapur, Chief Executive Officer of 36th Street Capital, said the company views Monroe as an ideal partner for its continued growth and for delivering customized financing solutions to clients nationwide, citing Monroe's experience in asset-backed and equipment leasing investments and its flexible capital base.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.