RADNOR, Pa., August 19, 2025 – CIFC Asset Management LLC acted as Agent and Joint Lead Arranger on a $275 million senior secured credit facility supporting Monogram Capital Partners’ reacquisition of Western Smokehouse Partners, a leading manufacturer of high-protein snacks.

“CIFC’s ability to deliver a seamless, scalable financing solution was critical to getting this deal done,” said Jared Stein, Co-Founder and Partner at Monogram. “Their familiarity with the business and collaborative approach made them an ideal partner as we step back in to support Western’s next phase of growth.”

The transaction marks the latest chapter in CIFC’s multi-year partnership with Western, following its initial financing of the company’s 2023 sale to AUA Private Equity and nearly $100 million in incremental capital to fund expansion, facility buildout, and M&A. CIFC’s bespoke, portable structure enabled a smooth ownership transition while scaling total commitments to $275 million.

“CIFC has been a consistent and highly capable partner over the past two years,” said Matt Bormann, CEO at Western. “They’ve provided the financial support we needed to invest in capacity, serve more customers, and continue building our business without disruption.”

The investment underscores CIFC’s growing conviction in the high-protein and better-for-you (BFY) snacking category, where the firm sees strong consumer demand, limited capacity, and attractive credit dynamics. It also reflects CIFC’s broader track record supporting food and consumer businesses through multiple ownership cycles.

“This deal shows how we are able to adapt to evolving sponsor needs. By building on our growing track record of agenting and lending to food and consumer businesses, we continue to see strong sponsor appetite and resilient end-market performance,” said Homyar Choksi, Deputy Chief Investment Officer, Direct Lending at CIFC. “It also reflects exactly how we aim to serve our portfolio companies, by delivering creative, flexible capital that grows with the business,” added John Jadach, Head of US Direct Lending Portfolio Management at CIFC.