Banking

Monroe Capital selects Allvue Systems’ credit solutions suite

Asset management firm, Monroe Capital, has selected Allvue Systems’ integrated credit solutions to support complex investment structures.

Allvue’s suite will support private debt, portfolio management, trade order management, compliance, and fund finance across Monroe’s private credit strategies.

Allvue manages $2.5 trillion in assets on its platforms

Monroe is a Chicago-based boutique firm specialising in private credit markets across various strategies, including direct lending, asset-based lending, speciality finance and opportunistic and structured credit. It provides capital solutions to clients in the US and Canada.

Monroe’s credit strategy workflows will be integrated into real-time dashboards and interactive reports.

This will enable Monroe to track investment exposures and oversee lines of credit in real-time on a single, consolidated platform with the goals of efficient cash planning and forecasting and aiding deployment of capital.

Jim Cassady, Monroe Capital COO, says: “We need a technology provider to support our increasing operational needs that can manage the intricacies and complexities of our varied investment structures”.

He hopes Allvue’s software will provide “unparalleled visibility and reporting capabilities”.

Monroe will employ Allvue’s Fund Finance solution, which automates borrowing base calculations, tracks collateral exposures, and improves overall workflow management for credit facilities.

Allvue also offers a product suite for credit managers, with solutions for portfolio management, investment research, trading, and compliance.

Allvue was formed in 2019 through the merger of credit-focused Black Mountain Systems and equity-focused AltaReturn.

It currently manages over $2.5 trillion in assets on its platforms. The company is based in Miami, with offices throughout North America and Europe.

Related: Implementation of regulatory changes in lending


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