About Monroe Capital
Monroe Capital, established in 2004, is a private debt fund primarily based in Chicago, United States. It specializes in financing Conventional Debt round of companies based in United States. Its portfolio includes 78 firms, spanning the Enterprise Applications, Consumer sectors.
As of Oct 2026, Monroe Capital has 2 unicorns under its belt and has witnessed 43 portfolio exits so far. Its most notable investments include companies like Thrasio, YieldStreet and Vice Media.
Its latest investment was a $60M Conventional Debt round in 36th Street Capital on Sep 18, 2026.
Key Metrics
Founded Year
2004
Location
Chicago, United States
Portfolio Companies
Sectors of Investment
Stages of Investment
Conventional Debt, Venture Debt & 5 more
Locations of Investment
Monroe Capital's List of Top Investments
Monroe Capital has a portfolio of 78 companies, including 2 unicorns. Their most notable investments are in Second Avenue and Vytalize Health.Their portfolio spans across United States, Israel and United Kingdom. They have invested in Enterprise Applications, Consumer, FinTech and 23 other sectors, across stages such as Conventional Debt, Venture Debt and 5 more. Here is the list of top investments by Monroe Capital:
1. Thrasio
Platform acquiring Amazon FBA brands. The company acquires private label Amazon FBA businesses and direct-to-consumer e-commerce brands. The company evaluates the business and offers a deal to the seller. After acquiring the businesses, the company optimizes and operates the brands to expand through marketing, product development, supply chain management, and wholesale expansion, leading to financial and operating growth.
Key facts about Thrasio
- Founded Year: 2018
- Location: Walpole (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $3.4B
- Employee Count: 251 as on Aug 31, 2026
- Investors: Western Technology Investment, Silver Lake and 30 Others
- Latest Funding Round: Series D, Oct 22, 2021, $*****
- Highlight: Editors' Pick
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2. YieldStreet
Online investment platform for asset-backed loans and private equity fund focused on art and multiple sectors. It is an online marketplace that enables accredited investors and hedge funds access to asset-backed investment opportunities. It allows investors to participate in opportunities with low market correlation and target yields, across litigation finance, real estate, and other alternative asset classes. It provides valuable diversification and strength to most portfolios including art, commercial, legal, real estate, marine, and more.
Key facts about YieldStreet
- Founded Year: 2014
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $240M
- Investors: Mayfair, Top Tier Capital Partners and 20 Others
- Latest Funding Round: Series D, Jun 02, 2025, $*****
- Highlight: Editors' Pick
3. Vice Media
Online platform offering multi-category content. It provides articles related to various categories such as life, culture, environment, LGBTQ, mental health, entertainment, and more.
Key facts about Vice Media
- Founded Year: 1994
- Location: Brooklyn (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $1.5B
- Employee Count: 1,749 as on May 31, 2026
- Investors: Sixth Street, TCV and 13 Others
- Latest Funding Round: Conventional Debt, Feb 14, 2023, $*****
- Highlight: Acquired
4. Lulus
Lulus is an online platform for chic and on-trend fashion with a carefully curated selection, and a personalized shopping experience. The Company retails dresses, shoes, blouses and shirts, tees, sweaters, jackets and coats, skirts, pants, shorts, jewelry, and accessories. Its brands consist of emerging new designers and products bought by their buyers from around the world.
Key facts about Lulus
- Founded Year: 1996
- Location: Chico (United States)
- Annual Revenue: $100M - $500M as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $120M
- Employee Count: 1,976 as on Aug 31, 2026
- Investors: Abacus Finance Group, IVP and 5 Others
- Latest Funding Round: PE, May 16, 2018, $*****
- Highlight: Public
Vytalize Health offers a mobile app that allows patients to book an on-demand house call at their own place. The patients are first screened by their nurse using a questionnaire to check the need for a home visit. After initial screening, a home visit is made by the doctor to the patient's convenience. Vytaliz charges a flat fee per home visit.
Key facts about Vytalize Health
- Founded Year: 2014
- Location: New York City (United States)
- Stage: Series B
- Total Funding till date: $170M
- Employee Count: 253 as on Sep 30, 2026
- Investors: Hudson River Capital Partners, Wavemaker 360 and 11 Others
- Latest Funding Round: Series B, Feb 22, 2023, $*****
- Highlight: Editors' Pick
Monroe Capital's Year-on-Year Investment Trends
Monroe Capital has invested in 83 companies over the last 15 years, with an average of 5 new investments annually in the last 10 years. In 2025, it made 3 investments, while as of Sep 2026, it has made 2 investments in this year. Its most recent first time investment was in 36th Street Capital and most recent follow-on round was in Second Avenue.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 0 | 2 |
2025 | 3 | 0 | 3 |
2024 | 1 | 2 | 3 |
2023 | 3 | 0 | 3 |
2022 | 3 | 2 | 5 |
2021 | 2 | 1 | 3 |
2020 | 2 | 0 | 2 |
2019 | 11 | 1 | 12 |
2018 | 9 | 1 | 10 |
2017 | 8 | 0 | 8 |
Monroe Capital's Investments by Stage
Monroe Capital has made 47 investments in Conventional Debt stage with an average round size of $57.2M, 18 investments in Venture Debt stage with an average round size of $54.4M and 4 investments in Series B stage with an average round size of $38.4M.Stage of entry | No. of Investments |
|---|---|
Conventional Debt | 47 |
Venture Debt | 18 |
Series B | 4 |
Series D | 2 |
Seed | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Monroe Capital's Investments by Sector
Monroe Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Business Services, Consumer, Healthcare and FinTech. Notably, it has invested in 38 Enterprise (B2B) companies, 30 Tech companies, 19 Software companies and at least 15 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 12 |
Business Services | 9 |
Consumer | 8 |
Healthcare | 7 |
FinTech | 5 |
Others | 50 |
Note: We have considered here, only first round of investments
Monroe Capital's Investments by Geography
Monroe Capital has made most investments in United States (71), followed by Germany where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 71 |
Germany | 1 |
Israel | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
Monroe Capital's recent investments
Monroe Capital has made 2 investments in 2026 so far - 36th Street Capital and Ossio.Here are the most recent investments by Monroe Capital:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 18, 2026 | United States | Conventional Debt | 3262 | - | |
Feb 12, 2026 | Israel | Conventional Debt | 2777 | ||
Dec 16, 2025 | United States | Conventional Debt | 6276 | - | |
Jul 08, 2025 | United States | Venture Debt | 6838 | - | |
Apr 15, 2025 | United States | Venture Debt | 2178 | - |
Unicorns in Monroe Capital's Portfolio
Monroe Capital has 2 unicorns in its portfolio - Lessen and Thrasio. The most recent unicorn in their portfolio is Lessen. It became a unicorn in 2021, 1 years before Monroe Capital first invested in it.Here is a list of unicorns in Monroe Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
55 | Provider of property maintenance and improvement solutions for commercial and residential | 2019 | Scottsdale | Series C | izkbydu | ||
76 | Platform acquiring Amazon FBA brands | 2018 | Walpole | Series D | kiakhcr |
IPOs and Publicly Listed companies in Monroe Capital's Portfolio
4 of Monroe Capital's portfolio companies have become public. Wentworth Management Services got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Mar 2024 and Lulus got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $615M.Here are Monroe Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 27, 2024 | Jan 11, 2018 | Conventional Debt | 7684 | |
Nov 11, 2021 | 2016 | Conventional Debt | 6994 | |
Nov 04, 2021 | Jun 27, 2017 | Venture Debt | 4013 | |
Oct 28, 2020 | Apr 03, 2019 | Conventional Debt | 6673 |
Acquired companies in Monroe Capital's Portfolio
39 companies from Monroe Capital's portfolio have been acquired. The most recent acquisition was Team Services Group in Apr 2026 by General Atlantic for $*****.Here are Monroe Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 09, 2026 | Sep 2019 | Conventional Debt | 3310 | |
Sep 09, 2025 | - | - | 1332 | |
Apr 21, 2025 | Apr 12, 2017 | Conventional Debt | 8870 | |
Apr 09, 2025 | Aug 12, 2015 | Venture Debt | 3660 | |
Dec 03, 2024 | Sep 12, 2017 | Conventional Debt | 2829 |
Team profile of Monroe Capital
Monroe Capital has a team of 4 members located in United States.Co-investors of Monroe Capital
Over the past 15 years, 118 investors have co-invested in Monroe Capital's portfolio companies. This includes funds and angels.
- Invested before Monroe Capital: Mayfair, Tarsadia and 76 others have invested in rounds before Monroe Capital. There is 1 company where Mayfair has invested before Monroe Capital and 1 company where Tarsadia has invested before Monroe Capital.
- Top Co-investors of Monroe Capital: 16 investors entered a company along with Monroe Capital. These include investors like 23 Capital (1 company).
- Invested after Monroe Capital: A total of 24 investors have invested in Monroe Capital's portfolio after their investments. Top Investors include Business Development Corporation of America (2 companies) and Cordoba Advisory Partners (1 company).
Recent News related to Monroe Capital
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Terra Secures $183.75M Refinancing for Bay Harbor Islands Office VentureConnect Media•Oct 14, 2026•Terra, Monroe Capital, Terra
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Monroe Capital Supports Sweetmore Bakeries’ Acquisition of Fantasy Baking Co.Business Wire•Sep 24, 2026•Monroe Capital
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Monroe Capital Leads $60m Investment in 36th Street CapitalAlternativecreditinvestor•Sep 17, 2026•Monroe Capital, 36th Street Capital
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Monroe Capital Supports Dealer Services Network’s Acquisition of GG&D Motor Vehicle ServicesBusiness Wire•Sep 01, 2026•Monroe Capital, DSN Software
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Monroe Capital Supports Air Transport Components’ Acquisition of Aero ControlsMonitordaily•Aug 11, 2026•Monroe Capital
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AIP Capital and Monroe Capital Announce Closing of Inaugural $643 Million Aircraft Asset-Backed SecuritizationPR Newswire•Jul 17, 2026•AIP Capital, Monroe Capital
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Monroe Capital Supports Littlejohn’s Acquisition of Milrose ConsultantsABFJournal•Jul 01, 2026•Littlejohn, Milrose Consultants, Monroe Capital
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Monroe Capital Supports Sands Point Risk’s Acquisition of Launch Environmental UnderwritersABFJournal•Jun 11, 2026•Sandspointrisk, Monroe Capital
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Kengo Kuma-Designed Miami Project Secures $85 Million Construction LoanCommercial Observer•Jun 04, 2026•Lionheart Capital, Monroe Capital