Monroe Capital completed the optional redemption of 100% of the notes for MC Funding 2006-1, a middle market CLO that closed on December 21, 2006.

The $409.5 million middle market CLO, managed by Monroe Capital Management, generated a 21.1% net cash on cash return on the $43.5 million equity tranche through March 21, 2016. The CLO continues to own certain illiquid loans and equity securities and intends to liquidate these securities in an orderly manner with a view to maximizing the final return to the preferred shareholders.

Monroe Capital Management is a diversified CLO manager with middle market and broadly syndicated CLOs under management. Monroe’s CLO platform is managed by Jeremy VanDerMeid, who joined the firm in 2007 after previous positions with Morgan Stanley Van Kampen and Heller Financial.

Recent CLO pricings include Monroe Capital CLO 2014-1, a $358.1 million middle market CLO, and Monroe Capital BSL CLO 2015-1, a $412.0 million broadly syndicated CLO. Monroe structured these CLOs to be in compliance with European risk retention and expects to structure future middle market and broadly syndicated CLOs to be compliant with both European and U.S. risk retention regulations.