Monroe Capital LLC (“Monroe”), on behalf of its investment funds, announced today that it has led a $100 million minority equity investment in NFS Capital, LLC (“NFS”).

Founded in 2006, NFS is a leading provider of flexible equipment financing and asset-backed loans to small and mid-sized businesses across the U.S. and Canada. Since inception, the company has deployed over $1.5 billion in leases and loans, building a diversified portfolio across a wide range of industries including manufacturing, healthcare, construction, industrial automation, information technology and life sciences. Formerly known as NFS Leasing, Inc. with its roots as an IT equipment lessor, NFS brings deep expertise in information technology, data centers, and digital infrastructure leasing.

“We are excited to partner with NFS Capital to support its next phase of growth in the large and high-demand equipment leasing market,” said Kyle Asher, Co-Head of Monroe’s Alternative Credit Solutions Group. “NFS is a well-established, independent financing provider with a strong track record and a differentiated approach to leasing and asset-backed lending.”

“We are very pleased to welcome Monroe Capital as strategic partners,” said Ashley Whyman, President of NFS. “Their vision for the future of the business aligns with ours, and their capital, resources, and deep expertise in capital markets will help accelerate our growth and expand our reach.”

This transaction is representative of Monroe’s Specialty Finance division within the Alternative Credit Solutions Group. The group focuses on asset-backed finance (ABF), complex and special situation structured debt and equity financings that cover all asset types and geographies. In 2024, the Alternative Credit Solutions Group closed 19 debt and equity transactions. The team has a broad investment mandate, flexible capital and prides itself not only on its “bottoms up” expertise but also on its ability to move quickly and efficiently and provide confidence of execution on complex transactions. For over 20 years, the firm has been investing in asset-backed transactions with attractive collateral, as well as cash flow and enterprise value-based loans.

About Monroe Capital

Monroe Capital LLC (“Monroe”) is a premier asset management firm specializing in private credit markets across various strategies, including direct lending, technology finance, venture debt, alternative credit solutions, structured credit, real estate and equity. Since 2004, the firm has been successfully providing capital solutions to clients in the U.S. and Canada. Monroe prides itself on being a value-added and user-friendly partner to business owners, management, and both private equity and independent sponsors. Monroe’s platform offers a wide variety of investment products for both institutional and high net worth investors with a focus on generating high quality “alpha” returns irrespective of business or economic cycles. The firm is headquartered in Chicago and has 11 locations throughout the United States, Asia and Australia.

Monroe has been recognized by both its peers and investors with various awards including Private Debt Investor as the 2024 Lower Mid-Market Lender of the Year, Americas and 2023 Lower Mid-Market Lender of the Decade; Inc.’s 2024 Founder-Friendly Investors List; Global M&A Network as the 2023 Lower Mid-Markets Lender of the Year, U.S.A.; DealCatalyst as the 2022 Best CLO Manager of the Year; Korean Economic Daily as the 2022 Best Performance in Private Debt – Mid Cap; Creditflux as the 2021 Best U.S. Direct Lending Fund; and Pension Bridge as the 2020 Private Credit Strategy of the Year. For more information and important disclaimers, please visit www.monroecap.com.

About NFS Capital, LLC

Founded in 2006, NFS Capital, LLC (formerly NFS Leasing, Inc.) provides flexible equipment financing and asset-backed loans to small and middle-market businesses across the U.S. and Canada. As a story lender, NFS Capital partners with companies that may not fit traditional lending criteria, supporting emerging, turnaround, and established businesses with over $1.5 billion in capital deployed. Through these strategic financing solutions, NFS Capital has helped create thousands of jobs and drive business growth. To learn more, visit www.nfscapital.com.

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