Monroe Capital has led a $60m (£44.8bn) Class B Term Loan for 36th Street Capital, which provides structured lease and loan solutions to large and mid-sized businesses across the US.

The financing will support 36SC’s continued origination growth and platform expansion. 36SC finances essential-use equipment that companies depend on to operate, with a portfolio diversified across manufacturing, technology, healthcare, construction, and food and beverage.

“36th Street Capital has built a differentiated platform in essential-use equipment finance, and we are excited to support its next phase of growth,” said Kyle Asher, co-head of Monroe’s alternative credit solutions group.

“Its deep sector expertise, flexible approach to structuring, and strong market position make it an excellent fit for Monroe.”

The investment was led by Aaron Levy and Chris Spanel, who focus on equipment finance at Monroe. The team provides debt, forward flow, and equity solutions to platforms across the small-, mid-, and large-ticket equipment leasing markets.

“Monroe’s experience in asset-backed and equipment leasing investments, combined with its flexible capital base, makes it an ideal partner as we continue to grow our platform and deliver customised financing solutions to clients nationwide,” added Kiran Kapur, chief executive of 36SC.

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