What changed
Monroe Capital Enhanced Corporate Lending Fund sold 110 unregistered Class S Common Shares and 110 unregistered Class D Common Shares to 110 separate accredited investors, raising approximately $152,000 in net proceeds. Each investor purchased a Note with a $1,000 principal amount, inclusive of one share, bearing 12.00% annual interest payable semi-annually with a 30-year term. The Fund also terminated its escrow agreement after achieving the Minimum Shareholder Amount of 100 investors per class through the private offerings, with no funds ever deposited into escrow.
Why it matters
Monroe Capital Enhanced Corporate Lending Fund sold 110 unregistered Class S Common Shares and 110 unregistered Class D Common Shares to 110 separate accredited investors, raising approximately $152,0