Monarch Alternative Capital LP is spearheading a group of distressed funds organizing ahead of debt restructuring talks with Argentina. Monarch, HBK Capital Management, Cyrus Capital Partners LP and VR Capital Group Ltd. are part of the steering committee, according to people with knowledge of the matter. The group, advised by law firm Quinn Emanuel Urquhart & Sullivan, is building an Argentina bondholder group that now totals about 20 funds. A spokesman for the group declined to comment, as did representatives for HBK, Cyrus and VR. A spokesman for Monarch didn’t respond to an email seeking comment.