Anastasia Donde
The firm is also forming a strategic partnership with the online real estate lender Auction.com.
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The online lender will now have access to Duff & Phelps' valuation and corporate finance advisory services.
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The TMT unit of GE is providing senior financing to KORE Wireless in conjunction with ABRY Partners acquiring a majority stake in the company.
Some of the growth plans hinge on the Canadian manager's new ambitions in Europe.
The decline in profit was attributed to lower performance earnings at Ares Management's tradable credit group.
The $30 million senior secured credit facility will support the company's growth initiatives.
The former banker was previously an external adviser to Cowen Group, which is starting a lending business.
The increase in net investment income in the third quarter represents the fourth consecutive quarter of growth for Monroe Capital Corporation.
Todd Foust is coming from Goldman Sachs, while Kristin Reilly hails from GoldenTree Asset Management.
The White Oak Summit Fund will employ a similar strategy to the most recent White Oak Pinnacle Fund, but will be able to invest more in Canada.