Monarch Alternative Capital

Monarch Alternative Capital is an American investment fund with offices in London and New York founded in 2002 which specializes in distressed debt and bankrupt companies.[1]

Monarch Alternative Capital
TypePrivate
IndustryAsset management
Headquarters
New York City, New York
,
United States
Area served
Worldwide
Websitewww.monarchlp.com

The company was founded by Andrew Herenstein.[2] It controls funds of $6.62 billion.[3] As of September 30, 2015, Monarch manages approximately $4.9 billion in net assets under management.

It bought £20 million worth of properties from Four Seasons Health Care in December 2015.

It bought Oneida Limited in 2006 after the company had filed for Chapter 11 bankruptcy.[4]

In 2020, CEC Entertainment, the owners of Chuck E. Cheese and Peter Piper Pizza chains, emerged from its June bankruptcy under the ownership of its lenders led by Monarch.[5][6]

It has a substantial interest in the Texas Rangers and American Apparel.

References
  1. "UK's biggest care home operator sells £20m of assets to US hedge fund". Independent. 27 December 2015. Retrieved 28 December 2015.
  2. "A Herenstein". Monarch Alternative Capital. Retrieved 7 April 2016.
  3. "Michael Weinstock's Monarch Alternative Capital Lp Bought Scorpio Bulkers Inc's Shares". Octa Finance. 29 October 2015. Retrieved 28 December 2015.
  4. New York Times: "Oneida's Backer Sees a Future in Flatware"
  5. "Chuck E. Cheese to Leave Bankruptcy With $490 Million Less Debt". wsj.com. 15 December 2020. Retrieved 16 December 2020.
  6. Fantozzi, Joanna (4 January 2021). "Chuck E. Cheese parent CEC Entertainment emerges from bankruptcy". nrn.com. Nation's Restaurant News. Retrieved 5 January 2021.


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