Monroe Capital expands Australian presence with new hire and HQ

US-based asset manager, Monroe Capital, has moved to further establish its presence in Australia with the appointment of Galen Fu as Director, Business Development and the opening of a new office in Sydney.

The firm said Fu would take on responsibility of client servicing and capital raising in Australia, bringing the firm’s specialist expertise in private credit markets across direct lending, technology finance, venture debt, opportunistic, structured credit, real estate and equity to the local market.

“We have several long-standing limited partners in Australia and we look forward to our continued strategic growth and expansion in Australia,” Zia Uddin, President of Monroe Capital, said.

“In recent years, Australian investors have shown increased interest and appreciation for the Monroe platform and the private credit asset class. We have a tremendous opportunity to expand our footprint in this significant market.”

Fu brings just under 15 years of experience in capital raising, portfolio management and banking across the Asia-Pacific region to the new role, having previously spent time as Director in the Capital Markets team at Hines Investment Management, as well as other roles at MaxCap Investment Management (an offshoot of Apollo Global Management), Westpac Bank and ANZ Bank.

“We are very excited to add Galen to the Monroe Capital team,” Alex Kim, Head of Asia of Monroe Capital, said.

“Galen is a great addition to deepen our efforts and demonstrate Monroe Capital’s commitment to the Australian investor base and market. His experience and relationships will enhance our engagement with business partners and investors within the region.”