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The Chicago-based specialty finance and merchant banking firm is launching a new advisory practice, Monroe Credit Advisors LLC, to help middle-market companies with their financing needs as the landscape for middle-market lending has narrowed with financial institutions such as CIT Group Inc.(NYSE:CIT) struggling to survive. Ted Koenig, president and CEO of Monroe Capital, said: The challenging state of the credit markets is putting a lot of middle-market companies in a bind. We felt we could use our collective lending experience and our extensive relationships with credit providers in the U.S. to provide real value-added assistance to companies in order to meet their financing needs. Those relationships will be coming from experienced Wall Street veterans: Mark Gertzof, who was formerly a managing director with Merrill Lynch Capital, and Christopher Gentry, formerly a director with Concord Financial Advisors. The two will oversee the unit with support from Koenig and Monroe Capital senior bankers Mike Egan and Tom Aronson. Gertzof said:
We plan to focus on balance sheet issues brought on by the current economic downturn and advise on new or replacement financing for these companies by utilizing our relationships with hundreds of traditional and specialty finance firms nationwide. Most companies don't know who to turn to for capital right now. - Gerald Magpily
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One company's woes sometimes spells opportunity for others. Just ask Monroe Capital LLC. 
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