American Equity Invests $ 1 Billion in Monroe Capital’s Tech Lending Platform

American Equity Investment Life Holding Co., based in West Des Moines, announcement On Thursday, he invested $ 1 billion in a dedicated technology lending platform developed by Monroe Capital LLC, a Chicago-based asset management firm specializing in private lending. The new lending platform focuses on mid-market software, technology and recurring income (STARR) loans issued and underwritten by Monroe. “Our commitment to the STARR strategy demonstrates the ability of our investment platform to find assets that generate attractive investment income on a risk-adjusted basis,” said Jim Hamalainen, chief investment officer of American Equity. “We are delighted to partner with Monroe, whom we see as a premier partner, as we strive to grow our long-term strategic asset allocation to private assets. Under the terms of the deal, American Equity and Monroe will work together to evolve the technology lending platform with third party investors, including other insurance companies, through structured products based on the platform. STARR loan. Anant Bhalla, CEO of American Equity, said he viewed STARR as a “vibrant sub-sector of the US economy, similar to the health care sector about a decade ago.” This is the second major deal announced this week by the West Des Moines-based company. Tuesday, US stocks announced a deal to provide financing and capital support to Pretium in connection with Pretium’s acquisition of Anchor Loans, as well as $ 1 billion in loan purchases.