Dechert advised MA Asset Management, a wholly owned subsidiary of MA Financial Group (ASX:MAF), on the formation of a new joint venture (the “JV”) with Monroe Capital (Monroe) and Sumitomo Mitsui Banking Corporation (SMBC) to invest up to US$1.7 billion in senior secured loans to U.S. middle market borrowers, leveraging their complementary capabilities to create a differentiated platform focused on the attractive middle market subset of private credit.
The JV aims to leverage Monroe Capital's direct lending, SMBC's private credit and sponsor finance platform and MA Asset Management’s specialty credit and co-lending expertise to access high-quality, proprietary first-lien senior-secured loans to established middle market companies. This joint venture reflects a broader evolution in the private credit landscape, where asset managers and banks collaborate to offer scalable, differentiated capital solutions to borrowers.
MA Financial Group is a global alternative asset manager specializing in private credit, real estate and hospitality. The firm lends to property, corporate and specialty finance sectors and provides corporate advisory services.
Monroe Capital LLC is a premier asset management firm specializing in private credit markets across various strategies, including direct lending, technology finance, venture debt, alternative credit solutions, structured credit, real estate and equity.
SMBC is a leading global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards and consumer finance.
The Dechert team that advised MA Asset Management was led by corporate partner Ross A. MacConnell and associate Verónica P. Casellas Santana, financial services partners William J. Bielefeld and Matthew E. Barsamian, tax partners Joseph A. Riley and Mansi Seth and tax associate Lixun Chen; and finance partner En-Min Chua and corporate associate Patrick Sun.
About Dechert
Dechert is a global law firm that advises asset managers, financial institutions and corporations on issues critical to managing their business and their capital – from high-stakes litigation to complex transactions and regulatory matters. We answer questions that seem unsolvable, develop deal structures that are new to the market and protect clients’ rights in extreme situations. Our nearly 1,000 lawyers across 16 offices globally focus on the financial services, private equity, private credit, real estate, life sciences and technology sectors.
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