Dechert Advises MA Financial Group on Monroe and SMBC Joint Venture Venture: Dechert Provides Guidance to MA Financial Group on Monroe and SMBC Partnership
Breaking News: May 8, 2025
triMobility Joint Venture Unleashes $1.7 Billion in Middle Market Loans
The global law firm Dechert, renowned for its mastery in corporate and securities, financial services, and tax matters, has steered alternative asset manager MA Financial Group through an innovative strategic partnership with U.S. asset management firm Monroe Capital and Tokyo-based global financial powerhouse Sumitomo Mitsui Banking Corporation (SMBC).
Ross MacConnell, a seasoned corporate and securities partner at Dechert, took the helm in this groundbreaking collaboration, with support from financial services partners William Bielefeld and Matthew Barsamian, and tax partner Joseph Riley.
The joint venture, dubbed triMobility, is a game-changer for U.S. middle market borrowers, aiming to provide them with up to $1.7 billion in senior secured loans. This alliance fuses the exceptional loan origination capabilities of Monroe Capital's direct lending infrastructure, SMBC's established private credit and sponsor finance platform, and MA Financial's specialized credit and co-lending expertise, forming a dedicated platform tailored to the private credit sector's middle market niche.
Frank Danieli, MA Financial Group's global credit solutions head, expressed the firm's enthusiasm for this partnership, stating, "We're thrilled to team up with Monroe Capital and SMBC in our innovative joint venture. This collaboration symbolizes the shifting paradigm toward co-lending and reflects the emerging trend among specialist lenders, asset managers, and banks to collaborate in private credit."
Zia Uddin, president of Monroe Capital, echoed Danieli's sentiments, claiming, "We're ecstatic about partnering with MA Financial and SMBC, leveraging Monroe's extensive middle market transaction origination platform in the United States. We're committed to pioneering new financing structures to become the lender of choice for lower middle market corporate borrowers and their private equity owners."
Such strategic partnerships like triMobility represent a new era in private credit, demonstrating asset managers and banks pooling resources to deliver differentiated capital solutions that cater to the under-serviced middle market segment. Furthermore, the alliance aims to provide enhanced financial offerings for middle market sponsor clients by providing a robust platform with combined expertise, underscoring the importance of innovation and collaboration in the private credit sphere.
- SMBC, along with Monroe Capital and MA Financial Group, has deployed their resources to finance the $1.7 billion triMobility Joint Venture, demonstrating a new paradigm in private credit.
- Ross MacConnell, supported by financial services partners William Bielefeld, Matthew Barsamian, and tax partner Joseph Riley at Dechert, has steered the triMobility Joint Venture, a game-changer for U.S. middle market borrowers.
- Frank Danieli, global credit solutions head at MA Financial Group, believes this partnership with Monroe Capital and SMBC symbolizes the shifting paradigm towards co-lending and reflects the emerging trend in private credit.
- Zia Uddin, president of Monroe Capital, is committed to leveraging the joint venture's collaboration to pioneer new financing structures for lower middle market corporate borrowers and their private equity owners.
