We intend to focus on software, technology-enabled and business services companies and other companies that align with the background of our sponsor and management team.

Our sponsor, MCAP Acquisition, LLC, is managed by an affiliate of Monroe Capital LLC, a Delaware limited liability company founded in 2004, and Monroe Capital Management Advisors, LLC, an SEC-registered investment adviser (collectively “Monroe Capital”), which is an asset manager focused on investing in middle-market companies. As of Sept. 30, 2020, Monroe Capital had approximately $9.1 billion in assets under management.

Previously, Monroe Capital co-founded and co-sponsored Thunder Bridge Acquisition, Ltd. (Nasdaq: TBRG) and Thunder Bridge Acquisition II, Ltd. (Nasdaq: THBR), special-purpose acquisition companies (“SPACs”) that raised gross proceeds of $258 million and $345 million, respectively. In July 2019, Thunder Bridge Acquisition, Ltd.  completed its business combination with Repay Holdings, LLC, a provider of vertically integrated payment solutions, together with its parent, Hawk Parent Holdings, LLC. In December 2020, Thunder Bridge Acquisition II, Ltd. announced it entered into a definitive agreement for a business combination with Ay Dee Kay, LLC d/b/a indie Semiconductor (“indie Semiconductor”), a pure-play provider of next-generation semiconductor and software solutions for the rapidly growing Autotech market. The consummation of this business combination is expected to close during the first quarter of 2021. 

(Note: MCAP Acquisition upsized its SPAC IPO at pricing on Feb. 25, 2021: 27.5 million units, up from 25 million, were priced at $10 each to raise $275 million.)