{"url":"https://nivawealth.com/firms/monarch-alternative-capital-159465","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/159465","regulatoryAum":16685975413,"crd":"159465","secFileNumber":"801-72915","legalName":"Monarch Alternative Capital LP","displayName":"Monarch Alternative Capital","website":null,"linkedinUrl":"https://www.linkedin.com/company/monarchalternativecapital/","founded":null,"organization":"Delaware limited partnership","fiscalYearEnd":"December","headquarters":{"street":"535 Madison Avenue, 22 FL","city":"New York","state":"NY","stateName":"New York","country":"United States","postalCode":"10022-4214"},"tradeNames":[],"registration":{"secApproved":"3 January 2012","noticeFilings":3,"latestNoticeFiling":"31 March 2023","inventory":{"sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_FIRM_SEC_Feed_10_15_2026.xml.gz","sourceAsOf":"2026-10-15","retrievedAt":"2026-10-16T03:16:53.781384+00:00","noticeFilings":[{"status":"Notice Filed","jurisdiction":"Florida","effectiveDate":"2023-03-31"},{"status":"Notice Filed","jurisdiction":"New York","effectiveDate":"2012-01-03"},{"status":"Notice Filed","jurisdiction":"Tennessee","effectiveDate":"2022-05-24"}],"registrationStatus":[{"status":"Approved","jurisdiction":"SEC","effectiveDate":"2012-01-03"}]}},"staff":{"employees":107,"advisory":42,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":16172709096,"discretionaryAccounts":36,"nonDiscretionary":513266317,"nonDiscretionaryAccounts":7,"wrapProgram":null,"nonUsClientsPct":64,"nonAumClients":5},"clientTypes":[{"label":"Pooled investment vehicles","clients":62,"regulatoryAum":16588255709},{"label":"Other investment advisers","clients":null,"fewerThan5":true,"regulatoryAum":97719704}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[],"custodyNote":"Monarch Alternative Capital has custody of $4.74B for 11 clients.","otherCustodians":[],"leadership":[{"name":"Christopher Santana","title":"Chief Executive Officer, Co-Chief Investment Officer","crd":"3002225"},{"name":"Stacey Maman","title":"President","crd":"3246016"},{"name":"Hannah Ellis","title":"Managing Principal & Chief Financial Officer","crd":"6583000"},{"name":"Ronen Voloshin","title":"Managing Director, General Counsel & Chief Compliance Officer","crd":"5997717"},{"name":"Colin Daniels","title":"Managing Director, General Counsel","crd":"7895007"},{"name":"Andrew Herenstein","title":"Vice Chairman","crd":"1536094"},{"name":"Adam Sklar","title":"Co-Chief Investment Officer","crd":"6017734"},{"name":"Michael Weinstock","title":"Executive Chairman","crd":"1389494"}],"ownership":[{"label":"Mdra GP LP","detail":"General partner in the 75% or more ownership band and a control person, since October 2006."},{"label":"Michael Weinstock","detail":"Indirect owner: a member of Monarch GP LLC in the 25% to 50% band and a control person, since October 2006. Also a limited partner of Mdra GP LP in the 25% to 50% band and a control person, since October 2006.","parent":"Monarch GP LLC"},{"label":"Andrew Herenstein","detail":"Indirect owner: a member of Monarch GP LLC in the 25% to 50% band and a control person, since October 2006. Also a limited partner of Mdra GP LP in the 25% to 50% band and a control person, since October 2006.","parent":"Monarch GP LLC"},{"label":"Monarch GP LLC","detail":"Indirect owner: general partner of Mdra GP LP and a control person, since October 2006.","parent":"Mdra GP LP"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":4,"privateResidences":3},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"Florida","offices":1,"addresses":[{"street":"222","city":"West Palm Beach"}]},{"state":"New York","offices":1,"addresses":[{"street":"535 Madison Avenue, 22 FL","city":"New York","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"212-554-1700","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Other","percent":100,"detail":"Real Estate Equity"}],"privateFunds":44},"sources":{"adv1FilingDate":"31 July 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/159465/PDF/159465.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Monarch Alternative Capital have?","answer":"Monarch Alternative Capital has at least 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Monarch Alternative Capital offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does Monarch Alternative Capital have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Monarch Alternative Capital invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Monarch Alternative Capital?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Monarch Alternative Capital get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":{"url":"https://nivawealth.com/firms/monarch-alternative-capital-159465/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-08-14","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1281084/000089914026000881/0000899140-26-000881-index.html","totalValue":707196086,"positionCount":8,"top10Share":1,"top10":[{"issuer":"ECHOSTAR CORP","titleOfClass":"NOTE 3.875%11/3","cusip":"278768AB2","value":186972000,"shares":60000000,"shareType":"PRN","priorValue":218942400,"priorShares":60000000},{"issuer":"ECHOSTAR CORP","titleOfClass":"CL A","cusip":"278768106","value":165457586,"shares":1630124,"shareType":"SH","priorValue":97244781,"priorShares":830655},{"issuer":"KEEL INFRASTRUCTURE CORP","titleOfClass":"COM SHS","cusip":"486917107","value":150875900,"shares":26285000,"shareType":"SH"},{"issuer":"CORE SCIENTIFIC INC NEW","titleOfClass":"COM","cusip":"21874A106","value":117714000,"shares":4600000,"shareType":"SH"},{"issuer":"VISTANCE NETWORKS INC","titleOfClass":"COM","cusip":"20337X109","value":41535000,"shares":3250000,"shareType":"SH","priorValue":185791115,"priorShares":10208303},{"issuer":"MASTERBRAND INC","titleOfClass":"COMMON STOCK","cusip":"57638P104","value":38073000,"shares":3700000,"shareType":"SH","priorValue":16620000,"priorShares":2000000},{"issuer":"SPACE EXPLORATION TECHN CORP","titleOfClass":"CLASS A COM STK","cusip":"84615Q103","value":4015210,"shares":23500,"shareType":"SH","putCall":"Put"},{"issuer":"FORWARD AIR CORP","titleOfClass":"COM","cusip":"34986A104","value":2553390,"shares":189000,"shareType":"SH"}],"positionsListed":8,"positions":[{"issuer":"ECHOSTAR CORP","titleOfClass":"NOTE 3.875%11/3","cusip":"278768AB2","value":186972000,"shares":60000000,"shareType":"PRN","priorValue":218942400,"priorShares":60000000},{"issuer":"ECHOSTAR CORP","titleOfClass":"CL A","cusip":"278768106","value":165457586,"shares":1630124,"shareType":"SH","priorValue":97244781,"priorShares":830655},{"issuer":"KEEL INFRASTRUCTURE CORP","titleOfClass":"COM SHS","cusip":"486917107","value":150875900,"shares":26285000,"shareType":"SH"},{"issuer":"CORE SCIENTIFIC INC NEW","titleOfClass":"COM","cusip":"21874A106","value":117714000,"shares":4600000,"shareType":"SH"},{"issuer":"VISTANCE NETWORKS INC","titleOfClass":"COM","cusip":"20337X109","value":41535000,"shares":3250000,"shareType":"SH","priorValue":185791115,"priorShares":10208303},{"issuer":"MASTERBRAND INC","titleOfClass":"COMMON STOCK","cusip":"57638P104","value":38073000,"shares":3700000,"shareType":"SH","priorValue":16620000,"priorShares":2000000},{"issuer":"SPACE EXPLORATION TECHN CORP","titleOfClass":"CLASS A COM STK","cusip":"84615Q103","value":4015210,"shares":23500,"shareType":"SH","putCall":"Put"},{"issuer":"FORWARD AIR CORP","titleOfClass":"COM","cusip":"34986A104","value":2553390,"shares":189000,"shareType":"SH"}]},"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}