Monroe Capital LLC has secured a senior credit facility to support Gemspring Capital Management's investment in Residence, a creative services network based in Los Angeles.

Information on the Target

Residence, founded in 2022 and headquartered in Los Angeles, CA, operates as a global network of creative companies. It specializes in various services, including premium design and animation, experiential activation design, digital engineering, analytics, UX/UI, and brand strategy. The company encompasses notable brands such as BUCK, VTProDesign, Part and Sum, Giant Ant, and Wild, alongside a suite of community platforms dedicated to nurturing and promoting creative talent, like It’s Nice That, Creative Lives in Progress, and If You Could.

With over 580 employees, Residence has established a significant presence with offices in key cities around the world, including Los Angeles, New York, London, Amsterdam, Vancouver, Vienna, and Sydney. This global footprint allows Residence to cater to a diverse clientele, connecting creativity and technology in innovative ways.

Industry Overview in the Target’s Specific Country

The creative services industry in the United States has shown consistent growth over recent years, driven by increasing demand for high-quality content across various platforms. Factors such as the rise of digital streami