Monroe Capital expands Australian footprint with new Sydney director

Private credit specialist taps Galen Fu to lead the charge

Monroe Capital expands Australian footprint with new Sydney director

US private credit manager Monroe Capital has expanded its platform in Australia with the appointment of Galen Fu as director of business development.

Fu will be based in Sydney and will oversee client servicing and capital raising across the country. He has over 14 years of experience in capital raising, portfolio management and banking in the APAC region.

Monroe’s expanded offering comes amid a boom in Australia’s private credit market. According to EY, Australia’s private debt market had around $188 billion in assets under management (AUM) at the end of 2023, of which $76 billion comprised commercial real estate loans.

Before joining Monroe, Fu was a director in the capital markets team at Hines Investment Management, responsible for business development and investor relations in Australia.

He has also worked at MaxCap Investment Management, Westpac Bank, and ANZ Bank. He holds a BA in Commerce and Economics from the University of New South Wales.

“We have several long-standing limited partners in Australia and we look forward to our continued strategic growth and expansion in Australia,” said Zia Uddin, president of Monroe Capital.

“In recent years, Australian investors have shown increased interest and appreciation for the Monroe platform and the private credit asset class. We have a tremendous opportunity to expand our footprint in this significant market.”

“We are very excited to add Galen to the Monroe Capital team,” added Alex Kim, head of Asia at Monroe Capital.

“Galen is a great addition to deepen our efforts and demonstrate Monroe Capital’s commitment to the Australian investor base and market. His experience and relationships will enhance our engagement with business partners and investors within the region.”

Monroe Capital is a private credit asset management firm focused on direct lending and opportunistic private credit investments. Founded in 2004, it had $20.3 billion of committed and managed capital as of 1 January, 2025.