Monroe Capital LLC, a leading asset management firm specializing in private credit markets, has officially announced its expansion into the Middle East. This strategic move is highlighted by the appointment of Waleed Noor as the Managing Director and Head of Middle East Distribution, along with plans to establish a new office in Abu Dhabi, United Arab Emirates. The expansion aims to leverage the growing interest in private credit among Middle Eastern investors and to capitalize on the region’s dynamic investment landscape.
Waleed Noor brings to Monroe Capital a wealth of experience in alternative investments and fixed income, spanning over 15 years. His prior roles have seen him at the helm of sales and distribution for credit solutions and investment products across various major financial institutions, including Commerzbank AG, Credit Agricole CIB, Goldman Sachs, and Banque Saudi Fransi. His comprehensive background in structured solutions sales, particularly in the Middle East and Africa (MEA) and Middle East and North Africa (MENA) regions, positions him as an ideal leader for Monroe’s regional activities. Noor’s academic credentials include an M.A. in Risk Management with Honours from Nottingham University Business School, UK, and a B.A. in Finance with Honours from Durham University, UK.
Ted Koenig, Chairman and CEO of Monroe Capital, expressed enthusiasm for Noor’s addition to the team and the firm’s prospective growth in the Middle East. “We are very excited to add Waleed to the Monroe Capital team. We look forward to our continued strategic growth and expansion in the Middle East,” Koenig stated. He also noted the increasing appreciation for Monroe’s platform and the private credit asset class among Middle East investors, highlighting the region’s potential for Monroe’s expansion efforts.
Monroe Capital LLC has been at the forefront of providing capital solutions across a wide range of strategies since 2004. The firm’s expertise covers direct lending, technology finance, venture debt, opportunistic and structured credit, real estate, and equity. With headquarters in Chicago, Monroe maintains a strong presence with 10 offices across the United States and Asia, priding itself on being a value-added, user-friendly partner to business owners, management, and sponsors.
The expansion into the Middle East represents a significant milestone in Monroe’s growth trajectory, promising to open new avenues for investment and collaboration in the region.
Monroe Capital’s strategic expansion into the Middle East reflects a keen understanding of global investment trends and the evolving needs of investors in the region. By establishing a direct presence and appointing a seasoned professional like Waleed Noor, Monroe is well-positioned to tap into the burgeoning market for private credit and alternative investments in the Middle East. This move not only enhances Monroe’s global footprint but also signifies the firm’s commitment to diversifying its investor base and adapting to the dynamic economic landscapes worldwide.
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