Marathon Asset closes distressed credit fund oversubscribed by $2.5 billion

By Taylor Fox

New York, Jan. 7 – Marathon Asset Management closed its Marathon distressed credit fund, which was oversubscribed with $2.5 billion in commitments, according to a news release.

The fund will invest in a wide range of situations by providing capital solutions that allow companies to grow or reposition their businesses, including stressed and distressed companies in transition.

The opportunities it will pursue include restructurings, debtor-in-possession financings and exit financings where Marathon can bring to bear its differentiated expertise, experience and resources, according to the release.

“While the broader market has recovered, the K-shaped recovery has resulted in a disparate impact that requires tailored capital solutions to help companies across industries recover from the 2020 cyclical decline,” said Marathon chairman and chief executive officer, Bruce Richards in the release.

“Companies that are well positioned for future growth may need a thoughtful and sophisticated capital partner to navigate the downturn, even in the event it may require a consensual restructuring.”

Marathon Asset Management is a global credit manager based in New York City.

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