– Monomoy Capital Partners, a private investment firm focused on private equity and credit investing in the middle market, completed its final close for Monomoy Credit Opportunities Fund III (MCOF III) with over $500 million in total commitments.
– MCOF III reached its fundraising target in just 10 months, representing more than 70% growth over MCOF II, which closed in 2023, despite a challenging fundraising environment.
– The fund will continue Monomoy’s established credit strategy, investing in senior secured debt of middle-market industrial, consumer, and business services companies.
– Monomoy’s dedicated Credit Team leverages decades of institutional industry experience, operating resources, and a proprietary sourcing platform to identify and manage investments in core sectors.
– MCOF III attracted strong support from existing investors and welcomed a diverse group of new limited partners globally.
– The investor base now includes hospital systems, university endowments, and asset managers, broadening a foundation that previously included public pension plans, foundations, and family offices.
– David Robbins, Monomoy Partner and Head of Credit Strategies, highlighted that exceeding the target in 10 months reflects strong investor confidence in the firm’s cycle-tested credit strategy.
– The fund emphasizes focus on core sectors and a disciplined investment approach, supported by both long-standing and new global investors.
– MCOF III began deploying capital earlier this year and continues to pursue opportunities within its target sectors.
– The fund aims to deliver strong, risk-adjusted performance, building on Monomoy’s established credit platform.
