Monroe Capital Targets Auto Supplier Shift with $1B Drive Forward Fund

Monroe Capital is set to launch the $1 billion Drive Forward Fund, focusing on investments in auto suppliers adapting to electric vehicle (EV) technologies. The fund aligns with the firm’s strategy of backing companies involved in transformational industries. Based in Chicago, Monroe Capital specializes in direct lending and credit-focused strategies, making this fund an extension of its push into sustainable markets. As EV demand accelerates, the fund will help suppliers modernize and compete in a rapidly changing automotive sector. Monroe’s past funds have consistently exceeded targets, positioning this new effort for strong returns.