In 2015 and 2016, Monroe announced two CLOs comprised of one of two types of loans, broadly syndicated loans (BSL) and mid-market corporate loans. Both loan types were senior secured.
Monroe makes loans and then securitises them.
According to Neil Rudd (CFO): "CLO issuance is an integral part of NXT Capital’s diversified financing strategy. CLOs provide permanent, non-recourse financing that effectively match funds our loans." link