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Laxman Pai, Opalesque Asia:

Monarch Alternative Capital, an opportunistic credit manager, said it closed a $4.7 billion opportunistic credit fund, exceeding its target of $3.5 billion.

Monarch Capital Partners VI (MCP VI), focused on corporate loans and bonds, capital solutions, real estate lending, and structured credit, already has invested more than $3.5 billion, the asset manager specializing in distressed debt said in a press release.

According to the global investment firm with offices in New York and London, the sixth closed-end fund had strong backing from both existing and new investors across geographies and channels.

Stacey Maman, Chief Strategy Officer and Global Head of Client Partnerships at Monarch said: "We are profoundly grateful for the continued trust and commitment from our long-standing investors, and excited to welcome many new partners to the fund. The current landscape presents immense opportunities, and Monarch's expertise in sourcing compelling investments and unlocking value in complex situations positions us to achieve our investment objectives for MCP VI."

According to the press release, MCP VI builds on Monarch's long-standing track record of success spanning multiple decades, combining a deeply experienced and cohesive team with a proven investment approach to navigating evolving market cycles.

"The fund's global and flexible strategy is designed to capitalize on complexity and dislocation across various areas ......................

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