Monroe Capital, a specialist lender in the lower‑middle‑market, has become the sole lead arranger and administrative agent for a senior secured loan that will fund Antelope Pet, a private‑equity‑backed pet‑care company backed by Alpine Investors.
The facility, announced on December 18, 2025, will provide capital to accelerate Antelope Pet’s buy‑and‑build strategy in the natural pet‑care market. Antelope has already acquired brands such as Bocce’s Bakery, Diggin’ Your Dog, Super Snouts, Ark Naturals, My Perfect Pet, and the digital pet‑insurance provider Doggo, positioning it to capture a growing share of the projected $427.75 billion pet‑care market by 2032.
Alpine Investors, which invested $100‑$150 million in equity capital for Antelope in 2021, will continue to support the company’s expansion. The new credit facility complements the equity investment and provides the liquidity needed for future acquisitions and product development.
Monroe Capital’s role underscores its expertise in providing growth capital to lower‑middle‑market companies. The firm has been named Lower Mid‑Market Lender of the Year by Private Debt Investor in 2023 and 2024, and its track record includes numerous successful unitranche and venture‑debt deals that have helped companies scale through acquisitions.
The senior secured loan is expected to be used for both organic growth and strategic acquisitions, allowing Antelope Pet to deepen its portfolio of natural pet‑care products, including treats, dental products, health supplements, and fresh food. The financing aligns with consumer trends toward premium, limited‑ingredient pet products and the humanization of pets, which are driving demand across the industry.
By securing this facility, Antelope Pet positions itself to accelerate its consolidation strategy in a fragmented market, while Monroe Capital reinforces its reputation as a go‑to lender for growth‑oriented private‑equity‑backed businesses.
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