Monroe Capital has provided a USD16.5m unitranche facility to support the acquisition of FTJ FundChoice by Seaport Capital Partners.

Based in Kentucky, FTJ FundChoice provides technology enabled mutual fund trading platforms to investment advisers nationwide.

The company’s Turnkey Asset Management Program and recordkeeping services provide investment advisers with back office solutions.

Theodore L. Koenig (pictured), president and chief executive officer of Monroe Capital, says: “We were pleased that Seaport Capital Partners had the confidence in Monroe to provide a financing solution to support the acquisition of this unique service business. We look forward to working with the team as they execute on their growth objectives.”

Bill Luby, a founding partner of Seaport Capital Partners, says: “We were extremely pleased to have Monroe Capital as a financing partner in our acquisition of FTJ. Monroe Capital was able to provide a flexible capital structure and close our transaction in a timely manner. We appreciate the relationship we have developed with the Monroe Capital team.”