NEW YORK, Jan. 26, 2021 / PRNewswire / – Marathon Asset Management (“Marathon”), a leading global credit investment manager, today announced the final closing of its Marathon Secured Private Strategies Fund, valued at approx $ 900 million with obligations. The fund will invest in a diversified portfolio of asset-based loans in the healthcare, real estate, equipment and transportation and corporate sectors, backed by secure, contractual cash flows.
“Our asset-based lending platform has a differentiated approach that provides specialized capital solutions that enable Marathon to create alpha through strong collateral and robust cash flow,” said Bruce Richards, Chairman and Chief Executive Officer of Marathon. “Our ability to earn complexity premiums while protecting capital provides our LPs with attractive income streams while minimizing correlation with broader markets.”
Ed Cong, Principal at Marathon, said, “As certain borrowers and legacy asset owners continue to have limited access to efficient markets, we have a compelling opportunity to offer innovative capital solutions through loans backed by strategic, mission-critical assets across a range of sectors. These include IP rights and royalties on FDA-approved drugs and medical devices, the most sought-after aircraft and container ships, diversified pools of commercial and residential real estate loans, structured consumer loans and asset-based corporate loans. ”
Andrew Rabinowitz, President and Chief Operating Officer of Marathon, added, “As investors face a combination of low interest rates and uncertain, disparate economic recoveries, we are finding that strategies that focus on secured loans in the asset-backed markets Focus, are Critical to Our Investors The new strategy builds on our longstanding track record of delivering strong, reliable returns to investors across all cycles in these markets and we look forward to continuing to help our valued clients achieve their investment goals to reach.”
The fund is managed by a fully integrated team of 20 investment professionals who have worked together across multiple credit cycles and are backed by the company’s extensive operational, issuing and service capabilities and infrastructure.
Marathon Asset Management, LP is a new York-based global investment advisor with approx. $ 20 billion of managed capital. The company was founded in 1998 by. founded Louis Hanover and Bruce Richards and employs more than 160 skilled workers. Marathon corporate headquarters is in New York City with international offices in London and Tokyo. Marathon is a registered investment advisor with the Securities and Exchange Commission. For more information, please visit the company’s website at www.marathonfund.com.
SOURCE Marathon Asset Management