Wendel Acquires Controlling Stake in Monroe Capital with AXA IM Prime as Minority Partner

March 31, 2025

Wendel has completed the acquisition of a controlling stake in Monroe Capital LLC alongside AXA IM Prime, taking approximately 75% ownership while Monroe management retains a minority interest. Wendel invested roughly $1.13 billion and committed seed and GP capital (up to $1.0 billion total) plus an $800 million sponsor program to accelerate Monroe’s private credit platform; Monroe will continue to operate independently under its current leadership.

Buyers
Wendel, AXA IM Prime
Targets
Monroe Capital LLC
Sellers
Monroe Capital management, Bonaccord Capital Partners
Location
Illinois, United States
Transaction Type
Buyout

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