Wendel, a firm based in Paris, has agreed to acquire a majority stake in Monroe Capital, a private lender with approximately $20 billion in assets under management. This move is seen as a strategic one, as the private credit sector is experiencing significant growth.

Wendel aims to strengthen its presence in this profitable market. As part of the acquisition, Wendel will also invest up to $1 billion in additional capital to expand Monroe's operations and introduce new funds. This investment reflects the increasing demand for private credit solutions and demonstrates Wendel's confidence in Monroe's business model and future prospects.