Monachil Capital Partners

Ali Meli controls all investment decisions as Founder, Chief Investment Officer and Managing Partner. Meli spent 14 years at Goldman Sachs, most recently as Partner and Global Co-Head of Structured Finance, Investing and Lending, where he led some of the firm’s largest structured credit transactions. Joseph McNeila, now a Senior Advisor, previously served as President and CFO and also came out of Goldman’s structured-finance leadership.

Monachil originates loans directly to non-bank lenders, specialty finance companies and tech-enabled lending platforms — it does not rely on broadly syndicated channels for its private credit book. The underwriting process is bottoms-up and asset-level, with a proprietary data platform that reconciles loan data daily to verify portfolio quality.

No. Monachil Capital Partners is a registered asset manager operating two commingled funds — the Monachil Private Credit Fund (launched August 2020) and the Monachil Credit Income Fund (launched December 2022). It manages external institutional capital alongside $30 million in senior management co-investment.

Monachil explicitly runs its investment vehicles unlevered, a deliberate structural choice that removes the risk of forced asset sales during market dislocations. The firm underwrites to a capital preservation-first mandate and monitors collateral performance on a daily basis, purging non-performing loans from the borrowing base.

The firm finances pools of consumer loans (personal, auto, student, home improvement), commercial obligations (equipment finance, working capital, trade finance), transportation assets (aircraft, railcars, shipping containers) and other receivables including invoice factoring and merchant cash advances. Public-market exposure comes through opportunistic syndicated ABS positions.

Monachil has no structural tie to Goldman Sachs, but its senior leadership is drawn directly from Goldman’s structured-finance division. Ali Meli was a Partner and Global Co-Head of Structured Finance, Investing and Lending; Joseph McNeila founded the Principal Funding and Investments group and ran its European arm for a decade before joining Monachil.

Monachil has not disclosed a co-investment program alongside external general partners. The firm pools investor capital into its two commingled vehicles, which then originate and hold private credit assets directly. Any co-investor relationships would likely be disclosed in fund offering documents rather than public materials.