Clients
Monarch Alternative Capital serves 62 clients. The average client has about $269 million with the firm.
- Pooled investment vehicles62 clients99%
- Other investment advisers1%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 62 | $16,588,255,709 | 99.4% | $267.6M |
| Other investment advisers | Not reported | $97,719,704 | 0.6% | — |
| Total | 62 | $16,685,975,413 | 100% | $269.1M |
- Clients
- 62
- Regulatory AUM
- $16,588,255,709
- Share
- 99.4%
- Avg. per client
- $267.6M
- Clients
- Not reported
- Regulatory AUM
- $97,719,704
- Share
- 0.6%
- Avg. per client
- —
Total
- Clients
- 62
- Regulatory AUM
- $16,685,975,413
- Share
- 100%
- Avg. per client
- $269.1M
What it does
Monarch Alternative Capital provides portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and performance-based fees.
Monarch Alternative Capital advises 44 private funds.
96.9% of assets ($16.17B across 36 accounts) are managed with discretion; $513.3M across 7 accounts are not. 64% of clients are outside the U.S., and 5 clients received advice without assets under management last fiscal year.
What the accounts hold
- Other100%
- Real estate equity100%
Custodians
Monarch Alternative Capital has custody of $4.74B for 11 clients.
- All other custodians$16.69B100%
Ownership and leadership
Mdra GP LP owns 75% or more of Monarch Alternative Capital, and Christopher Santana is its CEO.
- Owns 75% or more of Monarch Alternative Capital LP
Mdra GP LP
Control person · since October 2006
Monarch GP LLC
General partner · Control person · since October 2006
- Owns 25% to 50% of Monarch GP LLC
Michael Weinstock
Control person · since October 2006
- Owns 25% to 50% of Monarch GP LLC
Andrew Herenstein
Control person · since October 2006
Leadership
- Christopher SantanaChief Executive Officer, Co-Chief Investment Officer
- Stacey MamanPresident
- Hannah EllisManaging Principal & Chief Financial Officer
- Ronen VoloshinManaging Director, General Counsel & Chief Compliance Officer
- Colin DanielsManaging Director, General Counsel
- Andrew HerensteinVice Chairman
- Adam SklarCo-Chief Investment Officer
- Michael WeinstockExecutive Chairman
Staff
- 107 employees
- 42 in advisory functions
Reported holdings
Monarch Alternative Capital’s reported 13F holdings total $707.2M across 8 positions, and the ten largest make up 100.0% of it.
- $707.2M
- Reported 13F value
- 8
- Positions
- 100.0%
- In the 10 largest
- −56.6%
- Value vs. prior quarter
- Echostar Corp. · Note 3.875%11/326.4%
- Echostar Corp. · CL A23.4%
- Keel Infrastructure Corp. · Com Shs21.3%
- Core Scientific Inc. New16.6%
- Vistance Networks Inc.5.9%
- Masterbrand Inc.5.4%
- Space Exploration Techn Corp. · Class A Com StkPut0.6%
- Forward Air Corp.0.4%
Together, the ten largest are 100.0% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $707.2M is not its $16.69B in regulatory assets and does not represent any individual client's portfolio.
Fees
Monarch Alternative Capital is paid through a percentage of assets under management and performance-based fees.
Brochure fee details have not yet been processed for this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Monarch Alternative Capital has 4 offices (3 private residences, listed without an address), with 2 listed addresses across 2 states.
Florida · 1 listed address
- 222, West Palm Beach
New York · 1 listed address
- 535 Madison Avenue, 22 FL, New YorkHQ
Registration details
- Legal name
- Monarch Alternative Capital LP
- Headquarters
- 535 Madison Avenue, 22 FL, New York, NY 10022-4214
- Phone
- 212-554-1700
- Website
- Not reported
- SEC file
- 801-72915
- Structure
- Delaware limited partnership
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Monarch Alternative Capital have?
Monarch Alternative Capital has 62 clients and manages $16.7 billion for them, as of July 2026.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 July 2026
What services does Monarch Alternative Capital offer?
Monarch Alternative Capital provides portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How many financial advisors does Monarch Alternative Capital have?
Monarch Alternative Capital has 0 investment adviser representatives registered with state securities authorities, out of 107 employees, and 42 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Monarch Alternative Capital invest in?
At the end of its last fiscal year, Monarch Alternative Capital’s separately managed accounts held 100% real estate equity. It advises 44 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Monarch Alternative Capital?
Monarch Alternative Capital is owned through a chain of holding companies by Michael Weinstock and Andrew Herenstein. Its direct owner is Mdra GP LP (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 31 July 2026
How does Monarch Alternative Capital get paid?
Monarch Alternative Capital is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file