Opportunistic
Credit &
Distressed

We are pioneers

who focused on opportunistic credit and distressed investing since it first emerged as an institutional asset class in the early 1990s. Collectively, our Portfolio Managers have a successful record and history in distressed investing throughout the capital structure. As a result, our team is well suited for executing Monarch’s investment strategy globally – wherever the right opportunity is found.

Our investment objective is to seek attractive
risk-adjusted rates of return.

We seek to identify inefficient segments of the credit markets that provide for differentiated distressed investments. We look to leverage our core skills and experience in the credit markets to create value for our clients.

We focus on five key market segments within the opportunistic credit and distressed landscape

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Distress for Control

Process Driven & Other Value-Add

Preference for and expertise in small to mid-sized capital structures with restructuring needs

Off-the-run opportunities in large capital structures

Invest across various industries

RMBS, CMBS, CLOs, EETCs, and other securitized assets

Real estate credit:

  • Secondary debt
  • Direct lending and other solution-based capital

Property ownership:

  • Leverage operating partners
  • Redevelopment of distressed corporate assets

Municipal and infrastructure debt

Sovereign debt

Non-real estate hard assets or loans backed by hard assets

Purchase of assets/companies from bankruptcy estates

Life settlements

Post-restructuring equity

Other special situations

Corporate

Distress for Control

Process Driven & Other Value-Add

Preference for and expertise in small to mid-sized capital structures with restructuring needs

Off-the-run opportunities in large capital structures

Invest across various industries

Structured
Credit

RMBS, CMBS, CLOs, EETCs, and other securitized assets

Real Estate

Real estate credit:

  • Secondary debt
  • Direct lending and other solution-based capital

Property ownership:

  • Leverage operating partners
  • Redevelopment of distressed corporate assets

Government Debt

Municipal and infrastructure debt

Sovereign debt

Special
Situations

Non-real estate hard assets or loans backed by hard assets

Purchase of assets/companies from bankruptcy estates

Life settlements

Post-restructuring equity

Other special situations

As disciplined investors, Monarch relies on our consistent and repeatable process

1

Downside Protection

2

Event-Driven

3

Active in the Process

Monarch places the utmost importance on capital preservation. We focus on opportunities that are senior in the capital structure. This “top of the capital” structure perspective aims to protect the downside and mitigate risk.

By acting on events as catalysts, we seek to reduce market correlation. In our experience, event-driven investments offer greater exposure to process risk while minimizing valuation risk, thereby reducing correlation to broader markets and limiting investment downside.

Our investment team seeks to drive outcomes by actively engaging in debt restructurings or other legal processes, including through steering committees, ad hoc groups, or other leadership roles. Our active approach distinguishes our investment strategy and drives value creation by capitalizing on Monarch’s restructuring and legal expertise.

1

Downside Protection

Monarch places the utmost importance on capital preservation. We focus on opportunities that are senior in the capital structure. This “top of the capital” structure perspective aims to protect the downside and mitigate risk.

2

Event-Driven

By acting on events as catalysts, we seek to reduce market correlation. In our experience, event-driven investments offer greater exposure to process risk while minimizing valuation risk, thereby reducing correlation to broader markets and limiting investment downside.

3

Active in the Process

Our investment team seeks to drive outcomes by actively engaging in debt restructurings or other legal processes, including through steering committees, ad hoc groups, or other leadership roles. Our active approach distinguishes our investment strategy and drives value creation by capitalizing on Monarch’s restructuring and legal expertise.