Monarch Alternative Capital raises $3B to close its fifth fund

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Monarch Alternative Capital LP, whose head of investor relations and business development is Stacey Maman, closes its fifth fund. A New York and London-based distressed and opportunistic credit investment firm, Monarch raised approximately $3 billion.

The firm has to date deployed $1.1 billion from the fund in 38 different investments. Monarch began deploying capital from the fund after holding a first close in May. Monarch focuses on five areas within distressed: corporate credit, structured credit, real estate, government debt and special situations.

Stacey, a managing principal, has been with Monarch since 2004.

The firm’s investor relations and business development team also includes vice president Elana Mizrahi, associate Anika Advani and Lindsay Elder, who is director of business development, Asia-Pacific and EMIA.

Monarch manages $8.3 billion across closed-end funds, open-ended funds and customized solutions.

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