Monroe Capital LLC announced its role as a joint lead arranger in securing a senior credit facility. This funding supports the investment by private equity sponsor InTandem Capital Partners in The Phia Group, a Canton, MA-based provider of health benefit plan services.
The Phia Group, founded in 2000 and headquartered in Canton, Massachusetts, specializes in empowering health benefit plans and their sponsors. The company offers a range of services including consulting, cost containment strategies, and plan management. Phia aims to reduce health benefit costs and enhance access to quality care through a combination of innovative technologies, legal expertise, and flexible customer service.
Monroe Capital LLC, established in 2004 and headquartered in Chicago, is an asset management firm focused on private credit markets. Its strategies encompass direct lending, technology finance, venture debt, alternative credit solutions, structured credit, real estate, and equity. The firm provides capital solutions to clients across the U.
S. and Canada and has offices in 12 locations spanning the United States, Middle East, Asia, and Australia.
Monroe Capital has received various industry recognitions, including being named to GrowthCap Advisory’s 2025 Top Private Credit Firm List and Inc.’s 2025 Founder-Friendly Investors List. Additional awards include DealCatalyst’s 2025 Most Innovative Private Credit CLO Manager of the Year, Private Debt Investor’s 2024 Lower Mid-Market Lender of the Year, Americas and 2023 Lower Mid-Market Lender of the Decade, and Global M&A Network’s 2024 Lower Mid-Markets Lender of the Year, Americas. The firm was also recognized by Korean Economic Daily in 2022 for Best Performance in Private Debt – Mid Cap, Creditflux in 2021 as the Best U.
S. Direct Lending Fund, and Pension Bridge in 2020 for Private Credit Strategy of the Year.
