# Monarch

> Monarch is an SEC-registered investment advisory firm in New York, NY, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 31, 2026.

- CRD: 159465
- Filed as: MONARCH
- Legal name: Monarch Alternative Capital LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: July 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/159465
- AdvisorCensus page: https://advisorcensus.com/firm/monarch-new-york-ny-159465

## Quick answers

**How is Monarch compensated?**
On its Form ADV (Item 5.E, October 2026), Monarch reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Monarch located?**
Monarch's principal office is in New York, NY, according to its Form ADV; the August 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Monarch registered with the SEC or a state?**
Monarch is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 159465.

**How much does Monarch manage?**
Monarch reports $16,685,975,413 in regulatory assets under management in its Form ADV filing dated July 31, 2026 (97% discretionary).

**How have Monarch's assets and staff changed since 2021?**
In the Form ADV data for Monarch: Regulatory assets under management: $9,289,731,737 in the October 2021 data and $16,685,975,413 in the October 2026 data, up 80%. Total employees: 68 in October 2021 and 107 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Monarch serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (62).

**Does Monarch report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/159465

**What changed in Monarch's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 38 to 42.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $16,685,975,413
- Discretionary: $16,172,709,096
- Non-discretionary: $513,266,317

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 62 | $16,588,255,709 |
| Other investment advisers | Fewer than 5 | $97,719,704 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2012 (14 years)
- Employees: 107 total, 42 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, NY, TN
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the August 2026 filing
- West Palm Beach, FL

### Websites listed on Form ADV (Item 1.I)
- monarchlp.com
- LinkedIn @monarchalternativecapital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $9,289,731,737 | 68 | September 15, 2021 |
| October 2022 | $10,793,201,044 | 80 | August 23, 2022 |
| October 2023 | $10,152,244,471 | 92 | July 28, 2023 |
| October 2024 | $14,311,767,870 | 98 | July 19, 2024 |
| October 2025 | $16,474,591,727 | 103 | July 21, 2025 |
| October 2026 | $16,685,975,413 | 107 | July 31, 2026 |

Regulatory assets under management: $9,289,731,737 in the October 2021 data and $16,685,975,413 in the October 2026 data, up 80%.
Total employees: 68 in October 2021 and 107 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 38 to 42.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Monarch (CRD 159465): Form ADV filing data as of October 2026.