Privacy Policy


1. INTRODUCTION

Monarch Alternative Capital LP, 535 Madison Avenue, New York, NY 10022 and Monarch Alternative Capital (Europe) Ltd, 50-52 Welbeck Street, 1st Floor, London W1G 9HL, directly or indirectly, act as investment adviser or agent to the fund(s) or other vehicles in which you invest (the “Funds”). Monarch Alternative Capital LP, Monarch Alternative Capital (Europe) Ltd and the Funds (“we,” “our,” “us”) each take your privacy seriously. The following Privacy Notice (“Privacy Notice”) explains how we collect, use, disclose, and protect personal data (as defined below) we process through your interactions with us, including your interactions with our website.

This Privacy Notice contains information on our use of your personal data in accordance with relevant laws and regulations, including, where applicable, the EU General Data Protection Regulation (2016/679) (“GDPR”), the Cayman Islands Data Protection Law, 2017 (“DPL”) and the California Consumer Privacy Act (“CCPA”). The rights discussed in certain sections of this Privacy Notice may be subject to exemptions or other limitations under applicable law.

Depending on where you are located, different sections of this Privacy Notice may apply specifically to you. Please review this Privacy Notice carefully to understand what we do in regards to your personal data, and where applicable, the following sections:

2. COLLECTION OF PERSONAL DATA

We may collect nonpublic personal information and other personal information about you, including information that can help us directly or indirectly identify you (“personal data”). For purposes of California residents only, pursuant to the CCPA, personal information includes information that identifies, relates to, describes, is reasonably capable of being associated with, or could reasonably be linked, directly or indirectly, with a California resident or a household. “Personal data,” for purposes of this Privacy Notice, includes personal information as defined under the CCPA with regard to California residents.

We may collect all or some of the following categories of personal data from or about you:

3. SOURCES OF PERSONAL DATA

We may collect personal data about you directly from you and/or your intermediaries through sources such as:

In addition, we may collect personal data from different sources, such as:

The relevant source may be responsible for obtaining the relevant consents from you (where applicable) to ensure you are happy with the ways in which your personal data will be used. We may combine this information with information you give to us (“combined information”).

We may use this information and the combined information for the purposes set out below in Section 4, “Why We Collect, Use, and Process Personal Data” (depending on the types of information we receive).

4. WHY WE COLLECT, USE, AND PROCESS PERSONAL DATA
5. DISCLOSURE OF PERSONAL DATA

We do not disclose personal data about you, except to:

In the event we seek to buy or sell any business or assets, we may release information about you to the prospective buyer or seller and if we or substantially all of our assets are acquired by a third party your personal data will be one of the transferred assets. We ask all of the third parties to whom we send your personal data to treat it securely and in accordance with this Privacy Notice, and will take reasonable steps to enforce this.

6. RIGHTS REGARDING LIMITED SHARING AND OTHER MARKETING PRACTICES

We may share nonpublic personal information with affiliated funds to market to you. Federal law gives you the right to limit some but not all marketing from our affiliates. To limit sharing of nonpublic personal information to our affiliates to market to you, please contact us via the details set out in Section 14 below. If you contact us by email, please state in the subject line “Do Not Share Marketing Information with Affiliates” and include the statement “Do not share my nonpublic personal information with your affiliates to market their products or services to me.”

7. OUR WEBSITE’S USE OF COOKIES AND SIMILAR TECHNOLOGIES

Our website also uses cookies for various purposes, including to distinguish you from other users of our website and collect certain information about your interactions with our website. For detailed information on the cookies we use and the purposes for which we use them see our Cookie Policy.

Some web browsers may transmit “do not track” (“DNT”) signals. We currently do not respond to DNT settings in your web browser.

8. SECURITY AND RETENTION OF PERSONAL DATA

We will take reasonable steps to use technical, administrative and physical security measures appropriate to the nature of the information and that comply with applicable laws to protect personal data against unauthorized access and exfiltration, acquisition, theft, or disclosure. We generally restrict access to personal data to those employees and agents who have been informed as to the proper handling of such information and who need to know such data to provide services to clients. Given the nature of information security, there is no guarantee that such measures will always be successful.

How long we keep your personal data will vary depending on the type of personal data and our reasons for collecting it. The retention period will be determined by various criteria, including the purposes for which we are using it (as it will need to be kept for as long as is necessary for any of those purposes) and our legal obligations (as laws or regulations may set a minimum period for which we have to keep your personal data). In general, we will retain your personal data for as long as we require it to perform our contractual rights and obligations or for periods required by our legal and regulatory obligations.

9. ADMINISTRATOR

The Fund’s administrator (the “Administrator”) may be engaged in controlling and/or processing personal data for the purposes of the GDPR and the DPL. It receives personal data from individuals investing in the Fund and officers and employees of corporate and other institutional investors in the Fund. The Fund has therefore appointed the Administrator as a “processor” of personal data on its behalf. In some circumstances, the Administrator may use the personal data it receives from the Fund for purposes other than the provision of services to the Fund, including but not limited to the completion of due diligence on investors. In such circumstances, the Administrator is acting as a “controller” of personal data received from the Fund, as it determines the purposes and means of processing the personal data.

10. ADDITIONAL INFORMATION FOR EEA DATA SUBJECTS

The GDPR imposes certain obligations on us, as a data controller, and grants certain rights to data subjects located in the EEA (“data subject,” “you” or “your”). “Personal data” and other terms as used in this section have the same meaning provided in the GDPR.

Additional Rights Applicable to Certain EEA Data Subjects

Under the GDPR and any other applicable EU data privacy laws, data subjects have a right to:

How to Exercise Your Rights Under the GDPR

If you wish to exercise any of these rights as an EEA data subject, you should contact us at ir@monarchlp.com and include “GDPR Rights Request” as the subject of your communication.

Transfers of Personal Data Outside the EEA

Personal data that we obtain from you may be transferred to, and stored at, a destination outside of the EEA, which will be accessible by employees and other persons working on our behalf, located outside of the EEA, including to certain service providers (including but not limited to technical service providers and electronic data storage providers) who may process the information you give us. We will take all steps reasonably necessary to ensure that your information is treated securely and in accordance with this Privacy Notice and the GDPR. Depending on where the data subject is resident, this may mean that we will only generally transfer your information to third parties (a) that are in countries that have been confirmed by the European Commission, as applicable, to provide an adequate level of protection to personal data; (b) to whom the transfer of such information is made pursuant to a contract that is compliant with the model contracts for the transfer of personal data to third countries from time to time approved by the European Commission; or (c) that are based in the United States if they are part of the EU-U.S. Privacy Shield which requires them to provide similar protection to personal data shared between Europe and the United States.

You can request more information on specific mechanisms which we may use when transferring personal data outside the EEA and the countries to which such transfer may be made (which may include, but are not limited to, the United States and the Cayman Islands) by using the contact information in Section 14 below.

Monarch Alternative Capital (Europe) Ltd has notified the Information Commissioner’s Office of its activities in accordance with the Data Protection Legislation (Registration No. ZA084739). This notification can be viewed at ico.org.uk.

11. ADDITIONAL RIGHTS AND DISCLOSURES RELATING TO INVESTORS IN THE CAYMAN FUNDS

For the purposes of the DPL, we are a data controller of personal data of individuals who are, or who are associated with, investors in our Cayman Funds (“you” or “your”) and such individuals’ personal data are processed for the purposes set out in this notice. “Personal data” and other terms as used in this section have the same meaning provided in the DPL.

Additional Rights of Data Subjects Who Are, or Who Are Associated with, Investors in Our Cayman Funds

Under the DPL, investors in our Cayman Funds who are individuals, wherever you are located, have certain rights under the DPL in relation to your personal data. These include the right to:

How to Exercise Your Rights Under the DPL

If you wish to exercise any of these rights as a DPL investor you should contact us at ir@monarchlp.com and include “DPL Rights Request” as the subject of your communication.

Transfers of Personal Data Outside the Cayman Islands

Personal data that we obtain from you may be transferred to, and stored at, a destination outside of the Cayman Islands, which will be accessible by employees and other persons working on our behalf, located outside of the Cayman Islands, including to certain service providers (including but not limited to technical service providers and electronic data storage providers) who may process the information you give us. We will take all steps reasonably necessary to ensure that your information is treated securely and in accordance with this Privacy Notice and the DPL. Depending on where the investor is resident, this may mean that we will only generally transfer your personal data to entities (a) that are in countries that have been confirmed by the Cayman Islands Ombudsman (i.e., the Cayman Islands data protection authority), as applicable, to provide an adequate level of protection to personal data; (b) to whom the transfer of such information is made pursuant to a contract that is compliant with the model contracts for the transfer of personal data to third countries from time to time approved by the European Commission or the Cayman Islands Ombudsman; or (c) based on a valid basis for such a transfer under the DPL. You can request more information on specific mechanisms which we may use when transferring personal data outside the Cayman Islands and the countries to which such transfer may be made (which may include, but are not limited to, the United States and countries in the EEA) by using the contact information in Section 14 below.

12. ADDITIONAL INFORMATION FOR CALIFORNIA RESIDENTS

The CCPA imposes certain obligations on us and grants certain rights to California residents (“California Resident,” “you” or “your”) with regard to “personal information.” If you are a California Resident, please review the following information about our privacy practices surrounding how and why we collect, use, disclose and share your personal information and your potential rights with regard to your personal information under the CCPA. The rights described in this section are subject to exemptions and other limitations under applicable law.

Terms used in this section have the meaning ascribed to them in the CCPA. We are a “business.” “Personal information” as used in this section has the same meaning as in the CCPA. It does not include deidentified information, aggregate consumer information or publicly available information, as those terms are defined in the CCPA.

Notice at Collection and Use of Personal Information

Information We Collect

Depending on how you interact with us, we may collect the categories of personal information listed above in Section 2, “Collection of Personal Data.”

How We Use Collected Information

We may use your personal information for the business or commercial purposes listed above in Section 4, “Why We Collect, Use, and Process Personal Data.

Our Collection, Use, Disclosure, and Sharing of Personal Information

What Information We Have Collected, the Sources from Which We Collected It, and Our Purpose for Collecting the Information

In the preceding 12 months, depending on how you interact with us, we may have collected the categories of personal information listed above in Section 2, “Collection of Personal Data.” We may collect personal information from all or some of the categories of sources listed in Section 3, “Sources of Personal Data.” We may collect all or a few of these categories of personal information for the business or commercial purposes identified in Section 4, “Why We Collect, Use, and Process Personal Data.”

Our Disclosure and Sharing of Personal Information

We do not sell your personal information. We do not knowingly sell the personal information of minors under 16 years old.

In the preceding 12 months, we may have disclosed for a business purpose the following categories of personal information to the following categories of third parties, as described in the chart and paragraph below.

Category of Personal Information Category of Third Party
Identifiers such as your, name, address and online identifiers
  • Investors, counterparties, and intermediaries in connection with investments and transactions or for operational purposes
  • Tax authorities in relevant jurisdictions
  • Entities reasonably necessary to prevent fraud, unauthorized transactions or liability
  • Third parties as needed to complete a transaction, including financial institutions or lenders to or creditors of a fund
Certain information described in Cal. Civ. Code § 1798.80(e) such as signature or bank account information
  • Third parties as needed to complete a transaction, including financial institutions or lenders to or creditors of a fund
Commercial information such as records of products or services purchased
  • Investors, counterparties, and intermediaries in connection with investments and transactions or for operational purposes
  • Tax authorities in relevant jurisdictions
  • Entities reasonably necessary to prevent fraud, unauthorized transactions or liability
  • Third parties as needed to complete a transaction, including financial institutions or lenders to or creditors of a fund
Professional or Employment-Related Information
  • Investors, counterparties, and intermediaries in connection with investments and transactions or for operational purposes
  • Entities reasonably necessary to prevent fraud, unauthorized transactions or liability
  • Third parties as needed to complete a transaction, including financial institutions or lenders to or creditors of a fun

In addition, in the preceding 12 months, we may have disclosed for a business purpose all of the categories of personal information identified in Section 2 above, to the following categories of third parties: (i) judicial courts, regulators, or other government agents purporting to have jurisdiction over us, our subsidiaries or our affiliates, or opposing counsel and parties to litigation; and (ii) other third parties as may otherwise be permitted by law.

We may also share your personal information with our subsidiaries and affiliates, our service providers, including our information technology and email providers, fund administrator and consultants, other entities that have agreed to limitations on the use of your personal information, or entities that fit within other exemptions or exceptions in or as otherwise permitted by the CCPA.

California Residents’ Rights under the CCPA

If your personal information is subject to the CCPA, you may have certain rights concerning that information, subject to applicable exemptions and limitations, including the right to:

The CCPA does not restrict our ability to do certain things like comply with other laws or comply with regulatory investigations. In addition, the CCPA does not apply to certain information like personal information collected, processed, sold or disclosed pursuant to the federal Gramm-Leach-Bliley Act and its implementing regulations. We also reserve the right to retain, and not to delete, certain personal information after receipt of a Request to Delete from you where permitted by the CCPA or another law or regulation.

How to Submit a Request under the CCPA

You may submit a “Request to Know,” as described above, through the following telephone number (212) 554-1700 or through our website at the following link www.monarchlp.com/contact. You may submit a “Request to Delete” either by emailing ir@monarchlp.com with “CCPA Right to Delete Request” in the subject line or by calling (212) 554-1700.

We are required to provide certain information or to delete personal information only in response to verifiable requests made by you or your authorized agent. When you submit a Request to Know or Request to Delete, we may ask that you provide clarifying or identifying information to verify your request. Such information may include, at a minimum, depending on the sensitivity of the information you are requesting and the type of request you are making, your name, the exact legal name of the investor subscribing to our funds and which fund, and email address. Any information gathered as part of the verification process will be used for verification purposes only.

You are permitted to designate an authorized agent to submit a Request to Know or a Request to Delete on your behalf and have that authorized agent submit the request through the aforementioned methods. In order to be able to act, authorized agents have to submit written proof that they are authorized to act on your behalf, or have a power of attorney. We may deny requests from authorized agents who do not submit proof that they have been authorized by you to act on your behalf. We may also require that you directly verify your own identity with us and directly confirm with us that you provided the authorized agent permission to submit the request.

13. CHANGES TO THIS PRIVACY NOTICE

We may update this Privacy Notice from time-to-time at our sole discretion. If you do not agree to any changes we make to this Privacy Notice, you must not continue to use our services.

14. CONTACT

Questions, comments and requests regarding this Privacy Notice are welcomed and should be addressed to ir@monarchlp.com or call (212) 554-1700.

LAST UPDATED: July 2020

CLOSE