Monarch Alternative Capital

Monarch Alternative Capital LP is a privately owned hedge fund manager based in New York City, with an additional office in London. Founded in 2002, the firm specializes in investing in distressed debt and credit opportunities, primarily focusing on bankrupt companies. Monarch seeks to achieve superior risk-adjusted returns through a diversified portfolio that includes bank loans, corporate bonds, trade claims, and equity securities related to debt restructurings. The firm employs a fundamental analysis approach, emphasizing a bottom-up stock picking strategy supported by in-house research. Monarch's core investment strategy targets what it identifies as "good" companies with "bad" capital structures, utilizing an event-driven strategy to capitalize on situations where there is a perceived discount to fundamental value.

Joseph Citarrella

Managing Principal

Carlos Diaz-Sanchez

Managing Principal

Hannah Ellis

Managing Principal and CFO

patrick Fallon

Principal

Matthew Glowasky

Managing Principal

Stacey Maman

Managing Principal, Chief Strategy Officer and Global Head of Client Partnerships

Navid Rahgozar

Principal

Adam Reich

Principal

Thomas Vigliotta

Managing Principal

Michael Weinstock

Co-Founder, Co-Portfolio Manager, CEO

9 past transactions

Pure Fishing

Debt Financing in 2024
Pure Fishing, Inc. is a prominent manufacturer of outdoor and recreational lifestyle products, specifically tailored for the fishing industry. Established in 1937 and headquartered in Columbia, South Carolina, the company has evolved into one of the largest fishing tackle manufacturers globally, offering a diverse portfolio of well-known brands. Pure Fishing's extensive product line includes fishing tackle, lures, rods and reels, and a variety of baits designed for both recreational and professional anglers. They provide high-quality fishing rods and reels suitable for various environments, including freshwater, saltwater, and fly fishing. Additionally, the company offers an array of fishing lines, such as monofilament, braided, and fluorocarbon, as well as fishing accessories like tackle boxes and fish finders. With a commitment to enhancing the angling experience, Pure Fishing distributes its products through a network of retailers and distributors, catering to customers in the United States and internationally.

Sweet Oak

Debt Financing in 2024
Sweet Oak Parent LLC is a Delaware limited liability company that owns the Royal Oak and Whole Earth brands.

Accelerated Brands

Debt Financing in 2023
Accelerated Brands is a provider of automotive services catering to both residential and commercial customers. The company offers a wide range of services, including oil changes, car washes, and state inspections, all designed to meet the diverse needs of vehicle owners. With a focus on same-day service and quick turnaround times, Accelerated Brands aims to ensure that clients receive efficient, accurate, and cost-effective automotive care. This commitment positions the company as a comprehensive resource for automotive maintenance and repair.

Pyxus International

Post in 2023
Pyxus International, Inc. is an agricultural company based in Morrisville, North Carolina, that specializes in providing a range of agricultural products, ingredients, and services. Founded in 1873, Pyxus focuses on responsibly sourced and sustainably produced offerings, including leaf tobacco, e-liquids for vaping devices, and industrial hemp-derived cannabidiol products. The company operates globally, with a presence in North America, South America, Europe, Asia, and Africa. Pyxus aims to deliver value through its commitment to traceability and independent verification, ensuring that its products meet high standards for both businesses and consumers. Its operations are categorized into segments that encompass leaf tobacco and other agricultural products.

ZeroFox

Post in 2022
ZeroFox, Inc. is a cybersecurity company that specializes in protecting organizations from social media-based threats and digital communication risks. Its cloud-based platform offers real-time threat analytics, intelligence, and comprehensive protection to identify, manage, and mitigate potential cyber threats. ZeroFox's solutions include monitoring for phishing attacks, account compromises, impersonation, and various forms of fraud, ensuring proactive defense through integration with existing security measures. The company also provides specialized services such as employee protection for high-value individuals and election protection for political campaigns and organizations. Established in 2013 and headquartered in Baltimore, Maryland, with additional offices in London, Las Condes, and Bengaluru, ZeroFox serves a diverse range of industries, including financial services, healthcare, technology, and media. By leveraging advanced technology and a global perspective on social media threats, ZeroFox aims to safeguard organizations against the evolving landscape of digital risks.

Dhanani Group

Debt Financing in 2022
Dhanani Group is a family-owned business that specializes in the operation of quick service and casual dining restaurant franchises. The company holds franchises for well-known brands such as Burger King and Popeyes, as well as La Madeleine, a French bakery and café. Through these franchises, Dhanani Group provides a diverse range of dining options, catering to various customer preferences and enhancing their culinary experience.

Enerkem

Debt Financing in 2022
Enerkem Inc. is a cleantech company based in Montreal, Canada, specializing in the production of renewable biofuels and chemicals derived from waste materials. The company utilizes a proprietary thermochemical process to convert non-recyclable municipal solid waste into cellulosic ethanol and other renewable chemicals. Over a decade of research has validated Enerkem's technology, which addresses issues related to oil dependence and waste disposal. The company operates advanced facilities that support its business model of producing biofuels profitably from a diverse range of feedstocks. Enerkem is majority-owned by a mix of institutional and clean-technology investors, including various venture capital firms and industrial investors. With a workforce of approximately 170 employees across Canada and the United States, Enerkem is committed to transforming waste into sustainable energy solutions.

The Honest Kitchen

Venture Round in 2022
The Honest Kitchen, Inc. is a San Diego-based company that specializes in producing human-grade pet food for dogs and cats, utilizing dehydrated whole foods made from natural ingredients. Established in 2002, the company emphasizes the use of thoughtfully sourced components, such as eggs, salmon, pumpkin, and parsley, ensuring that all ingredients are recognizable and safe. The Honest Kitchen offers a variety of products, including natural pet foods, treats, and supplements, as well as additional items like taster kits and recipe books. Its products are distributed through independent pet supply stores, holistic veterinary offices, training centers, and its online platform, serving customers across the United States and Canada. The company is committed to sustainability, packaging its offerings in eco-friendly, biodegradable boxes.

Shopko Optical

Acquisition in 2019
Shopko Optical is a provider of eye-care services that has been operating since 1978, focusing on delivering patient-centric eye care and high-quality eyewear. The company offers a range of products, including eyeglasses, sunglasses, and contact lenses, alongside services such as eye checkups and optical examinations. With a commitment to comprehensive eye care, Shopko Optical aims to create a comfortable environment for its customers. In 2019, it became affiliated with Monarch Alternative Capital and subsequently relocated its optical operations to standalone storefronts across 11 states. As it moves forward, Shopko Optical remains dedicated to enhancing the eye health of the communities it serves.
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