Digital Health
Monroe Capital Supports Growth of Amelia
CHICAGO–(BUSINESS WIRE)–Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on…
The post Monroe Capital Supports…
CHICAGO–(BUSINESS WIRE)–Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the strategic investment and future growth of Amelia, alongside private equity sponsor BuildGroup.
Based in New York, Amelia is a global leader in Conversational Artificial Intelligence (“CAI”). Amelia’s AI products and automation platform utilize cutting edge machine learning and algorithms through digital agents to enhance call centers, customer service and user experiences. Powered by Conversational AI, Amelia manages millions of tasks at scale in banking, insurance, healthcare, and other industries. With offices in the U.S., Europe, and Asia Pacific, enterprises trust Amelia’s products and solutions to serve customers on a global basis.
Zia Uddin, President of Monroe stated, “We’re excited to partner with BuildGroup and Amelia in the AI ecosystem, which is projected to reach over $1 trillion by 2029. Our software and technology strategy continues to seek areas of growth where we can capitalize on sizable market opportunities with market leaders. We are confident that we are in the early stages of AI as a disruptive force in many industries and use cases.”
In 2022, Monroe invested over $935 million in financing commitments in over 20 software and technology companies.
About Monroe Capital
Monroe Capital LLC (“Monroe”) is a premier boutique asset management firm specializing in private credit markets across various strategies, including direct lending, asset-based lending, specialty finance, opportunistic, real estate, structured credit, and equity. Since 2004, the firm has been successfully providing capital solutions to clients in the U.S. and Canada. Monroe prides itself on being a value-added and user-friendly partner to business owners, management, and both private equity and independent sponsors. Monroe’s platform offers a wide variety of investment products for both institutional and high net worth investors with a focus on generating high quality “alpha” returns irrespective of business or economic cycles. The firm is headquartered in Chicago and maintains offices in Atlanta, Boston, Los Angeles, Miami, Naples, New York, San Francisco, and Seoul.
Monroe has been recognized by both its peers and investors with various awards including Private Debt Investor as the 2022 Lower Mid-Market Lender of the Year, 2022 CLO Manager of the Year, Americas; 2022 Best Performance in Private Debt – Mid Cap by Korean Economic Daily; Global M&A Network as the 2022 Small Mid-Markets Lender of the Year, Americas; Creditflux as the 2021 Best U.S. Direct Lending Fund; and Pension Bridge as the 2020 Private Credit Strategy of the Year. For more information and important disclaimers, please visit www.monroecap.com.
Contacts
Zia Uddin
Monroe Capital LLC
312-523-2374
Daniel Abramson
BackBay Communications
857-305-8441
The post Monroe Capital Supports Growth of Amelia first appeared on IT Business Net.
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