Monroe Capital Provides $16.5 Million for the Acquisition of FTJ FundChoice
Chicago, IL, July 24, 2012
Monroe Capital LLC today announced the funding of a $16.5 million unitranche facility to support the acquisition of FTJ FundChoice by Seaport Capital Partners. Based in Hebron, Kentucky, FTJ FundChoice provides technology enabled mutual fund trading platforms to investment advisors nationwide.
The company’s Turnkey Asset Management Program (TAMP) and recordkeeping services provide investment advisors with efficient and scalable back office solutions, allowing advisors to focus on building client relationships.
Theodore L. Koenig, President and Chief Executive Officer of Monroe Capital, said, “We were pleased that Seaport Capital Partners had the confidence in Monroe to provide a financing solution to support the acquisition of this unique service business. We look forward to working with the team as they execute on their growth objectives.”
Bill Luby, a founding Partner of Seaport Capital Partners, said, “We were extremely pleased to have Monroe Capital as a financing partner in our acquisition of FTJ. Monroe Capital was able to provide a flexible capital structure and close our transaction in a timely manner. We appreciate the relationship we have developed with the Monroe Capital team.”
About Monroe Capital
Monroe Capital is a private investment firm providing senior and junior debt and equity co-investments to middle-market companies in the U.S. and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital prides itself on its flexible investment approach and its ability to close and fund transactions quickly. Monroe is committed to being a value-added and user-friendly partner to owners, senior management and private equity sponsors. To learn more about Monroe Capital, visit www.monroecap.com.