Monarch Alternative Capital Closes MCP VI at $4.7 Billion

October 9, 2024

Willkie advised client Monarch Alternative Capital LP (Monarch) on the formation of Monarch Capital Partners VI (MCP VI), the sixth iteration of Monarch's flagship closed-end fund.

On September 30, Monarch, a leading opportunistic credit and real estate investment firm, held the final closing of MCP VI. Monarch raised over $4.7 billion of capital for MCP VI, significantly exceeding its target of $3.5 billion and surpassing the size of its 2020 predecessor fund, with strong backing from both existing and new investors across geographies and channels. The fund's global and flexible strategy is designed to capitalize on complexity and dislocation across various areas of opportunistic credit and real estate, including corporate loans and bonds, capital solution investments, real estate lending, structured credit, and other areas.

Monarch is a global investment firm founded in 2002 with over $15 billion in assets under management across its closed-end funds, open-ended fund, and customized solutions. Monarch focuses primarily on opportunistic credit and real estate across various market segments and instrument types.

Willkie previously advised Monarch on MCP VI's predecessor funds, including MCP V for which Monarch raised $3 billion in 2020.

The Willkie team was led by fund formation partners John Knapke and Lior Ohayon, and included partners Russell Pinilis and Alexander Ryan, and associates Matthew Pei, Dana Wellesly-Stein, Mary Trujillo, Siyuan Fang, Caitlin Link and Joshua Baskin.

Related Locations

New York

787 Seventh Avenue
New York , NY 10019-6099