Monroe Capital boosts Middle East presence with new Abu Dhabi office
US asset manager Monroe Capital has opened an office in Abu Dhabi as part of its strategic expansion into the Middle East.
The private credit markets specialist received financial services permission for the new office from the Financial Services Regulatory Authority of ADGM, which is the international financial centre of Abu Dhabi in the United Arab Emirates.
Monroe Capital has a global presence, with offices across the US, Asia, and Australia.
Read more: Bennelong signs MOU with Monroe Capital to expand distribution
The Abu Dhabi office will serve as a regional hub for Monroe Capital, to engage with institutional investors and deepen client relationships across the Gulf Cooperation Council and the broader Middle East.
“We are committed to building long-term partnerships with institutional investors and family offices across the region, working closely to understand their priorities and deliver solutions that create lasting value,” said Waleed Noor, managing director and head of Middle East at Monroe Capital.
“This office represents our dedication to supporting the growth of the regional financial ecosystem and contributing to Abu Dhabi’s role as a global financial hub.”
Read more: Monroe Capital hires director to boost originations team
Chicago-headquartered Monroe Capital, which has $21.6bn in assets under management, specialises in private credit markets across various strategies, including direct lending, technology finance, venture debt, alternative credit solutions, structured credit, real estate and equity.
“The addition of Monroe Capital to ADGM’s ecosystem is another important milestone in strengthening our asset management community,” added Arvind Ramamurthy, chief market development officer at ADGM.
“As a premier firm specialising in private credit markets, their decision to establish in ADGM reflects the confidence global institutions place in our robust regulatory framework and dynamic financial ecosystem.”
Read more: Middle East private credit boosted by “entrepreneurial ecosystem”
