SF

Seth Friedman

Managing Director at Monroe Capital LLC

Chicago, Illinois

Invests in

  • Min Investment:

    $2,000,000.00
  • Max Investment:

    $15,000,000.00
  • Target Investment:

    $8,500,000.00

Work Experience

  • Managing Director - Head of Structured Solutions

    2022

  • Managing Director

    2021 - 2022

  • Director

    2018 - 2021

  • Vice President

    2014 - 2018

  • Operations and Compliance Manager

    2010 - 2014

    Manage Monroe’s trade closing process, improving efficiencies, generating and reviewing all internal and external trade documentation. Maintain ongoing communication between Wall Street Office and Monroe’s administrator to ensure all cash discrepancies are fully reconciled. Daily monitoring of CLO metrics ensuring Monroe meets all portfolio and collateral tests, including the identification of new loan obligations for the CLO and running hypothetical trades to determine identified trades would improve the portfolio metrics. Increased efficiency of Monroe’s CLO’s monthly and quarterly reconciliation process by implementing the use of Microsoft Excel to determine and reconcile raw data discrepancies. Track and forecast returns to equity investors for the CLO and all other debt portfolios managed by Monroe Capital. Manage Monroe’s entire rating process ensuring ratings are submitted to agencies or generated via Moody’s KMV RiskCalc per the requirements of Monroe’s bond indentures. Assist in the drafting, review and implementation of amendments to Monroe’s CLO Indenture resulting in improved indenture language and increased investor returns. Review of new warehouse agreements, revolving loan credit agreements (for leverage lines for Monroe's other portfolios) and indentures, to ensure easy management for Monroe’s portfolio managers. Manage Monroe’s GIPS (Global Investment Performance Standards) compliance department including the generation of the yearly GIPS compliance presentation as well as ensuring Monroe is presenting the information per the requirements of the Securities Exchange Commission. Assist in the composition and reconciliation of Monroe’s financial reports for its CLO, Small Business Investment Company (SBIC), and Monroe’s publicly traded BDC including the maintenance of the borrowing base for the BDC revolving credit line.

  • Operations Analyst

    2008 - 2009

    Compiled and distributed weekly spreadsheets containing asset information on all Collateralized Loan Obligations (CLO's) in the Pangaea Asset Management (PAM) portfolio Assisted in the formulation and implementation of PAM's internal trade closing procedures and compliance Composed and gathered all internal documentation necessary to satisfy PAM's pre-trade compliance Facilitated all PAM trade closings for both Par and Distressed credits Ran hypothetical trades, as part of pre-trade compliance, for all CLO's in the PAM portfolio Managed all internal and external requirements for each CLO's monthly and Note Valuation Reports Gathered compliance deliverables, outlined in legal documents, for all CLO's in the PAM portfolio Tracked and forecasted the equity shareholder's returns for each CLO in the PAM portfolio

  • Compliance Analyst

    2007 - 2008

    Communicated and maintained relationships with the necessary rating agencies to acquire Credit Estimates for middle market loans Generated weekly Pro Forma Reports highlighting cash positions as well as other compliance requirements for each CS Advisors portfolio (CLOs) Managed internal and external requirements for monthly and quarterly reports Coordinated audit and accounting-related activities with independent auditors Assisted in the review and revision of the Indenture and other legal documents for the CLOs Gathered necessary compliance deliverables outlined in the CLO Indenture Compiled necessary reports and information requested by investors of the CLOs Tracked and managed all portfolio expenses Reconciled all principal and interest accounts for each CLO Lasalle Bank

  • Senior Associate Account Manager

    2005 - 2006

    Managed up to three Associates in daily CDO management Monitored and maintained a portfolio of bank loans and certain fixed income securities that acted as collateral for CDO/CLOs. Portfolio market value exceeded $4.0 billion Interacted with clients to ensure accounting accuracy on a daily basis Performed trust fixed-income operations including security movement, income collections, wires, purchase/sale memorandums Coordinated both domestic and international trades, moved funds and tracked payments Maintained own CDO portfolios which included generating, monthly, quarterly, and P&L reports of loan activity and market value to the client and investors