Mick Solimene, Managing Director, Portfolio Manager, HNW Portfolios, Monroe Capital joins Julie Cooling, Founder & CEO, RIA Channel to discuss the evolution of private credit and why advisors are turning to the asset class for alpha generation and durable returns.
Founded in 2004, Monroe Capital is a boutique asset manager specializing in private credit and lower middle market lending. Loans to the lower middle market, defined by Monroe as borrowers with an EBITDA between $3 to $35 million, typically enjoy higher spreads, lower loan to value and historically have proven resilient in all kinds of market conditions, especially in times of inflation and elevated interest rates.
“Many advisors are looking at private credit as a diversifier and in many instances as a replacement for a traditional fixed income instrument,” says Solimene.
Private Markets Playbook: Private Credit
Friday, May 6, 2022 • 12:00pm ET
3 CFP / IWI / CFA CE credits
The Private Credit course aims to provide a practical playbook specifically for financial advisors. Join us for this 3 hour, interactive program which will cover topics such as:
- Maximizing Private Credit Access & Portfolio Benefits
- Trends, Opportunities, Risks & Asset Allocation Considerations
- BDCs, Direct Lending, Fixed, Alternative Income, Middle Market Opportunities & More
Mr. Solimene is a Managing Director and Portfolio Manager for Monroe’s high net worth portfolios. He has over 35 years of experience in alternative investing, corporate finance, restructuring and special situations. Prior to Monroe, Mr. Solimene was a Managing Director and member of the senior leadership team at Allstate Investments where he was responsible for the opportunistic portfolio strategy which focused on deploying flexible and nimble private capital in complex or non-traditional situations. Prior to Allstate, he has held senior alternative investment management and investment banking positions at Macquarie Capital (USA), Inc., Ernst & Young Corporate Finance, LLC and Banc of America Securities, LLC. Mr. Solimene earned his M.B.A. from the University of Chicago Graduate School of Business and his B.S. in Finance from Western Illinois University. In addition to being a member of the Turnaround Management Association, Mr. Solimene serves as a director of numerous private companies and non-profit organizations.