Articles from Marathon Asset Management

Marathon Asset Management’s Commercial Real Estate platform has originated a $120 million construction loan for 125 Perry Street, an ultra-luxury residential development in Manhattan’s prestigious West Village neighborhood. This milestone marks a pivotal moment in the realization of a groundbreaking project that promises to redefine the standards for ultra-luxury condominiums in one of New York City's most coveted zip codes.

Marathon Asset Management (“Marathon”), a leading global credit manager with more than $23 billion of assets under management, and Webster Bank, N.A. (“Webster Bank”), a leading commercial bank in the Northeast with $79 billion in total assets, are pleased to announce the closing of a senior-secured financing agreement for Sunbelt Modular, Inc. (“Sunbelt” or the “Company”) to support its acquisition by funds advised by Littlejohn & Co., LLC (“Littlejohn”). Sunbelt is a leading designer and manufacturer of modular building solutions.

Marathon Asset Management is proud to announce that Jamie Raboy, Partner & Chief Operating Officer, has been named an elected director to the board of the Managed Funds Association (“MFA”), representing the global alternative asset management industry.

Marathon Asset Management’s Commercial Real Estate platform originated a $210 million loan to refinance The Ritz-Carlton Dallas, Las Colinas, a recently renovated 427-key resort located within the Dallas-Fort Worth metroplex.

Marathon Asset Management ("Marathon”), a leading global credit investment manager, today announced two key organizational changes to its business leadership teams.

Marathon Asset Management (“Marathon”), a leading global credit investment manager, today announced the final close for Marathon Secured Private Strategies Fund III, the third vintage of its closed-end asset-based lending (“ABL”) fund. The Fund, which was oversubscribed, accepted $1.7 billion of capital commitments from a global base of institutional and high net worth investors.

Marathon Asset Management (“Marathon”), a leading global credit investment manager, announced today that Ed Cong, who joined Marathon 17 years ago, has become the firm’s newest Partner. Mr. Cong will continue to serve as Senior Portfolio Manager for the firm’s Structured Credit and Asset Based Lending businesses and is a member of Marathon’s Executive Committee and Investment Committee.

Marathon Asset Management (“Marathon”), a leading global credit investment manager, today announced the close of Marathon CLO 2021-17 Ltd. — the first ever U.S. collateralized loan obligation to be originally issued with a tranche linked to the Secured Overnight Financing Rate (“SOFR”). The $24.75 million SOFR-linked tranche was priced at with a spread of 210 basis points over SOFR and rated Aa2 by Moody’s Investor Service.

Marathon Asset Management (“Marathon”) today announced the closing of a $155 million credit facility for Brown Jordan Inc. (“Brown Jordan” or the “Company”), a leading designer, manufacturer, distributor and retailer of outdoor and indoor furniture for the commercial and residential markets in the U.S. Proceeds from the financing, comprised of a first lien and second lien term loan, repaid the existing loan in full and positions the Company for significant growth. Brown Jordan is a portfolio company of Littlejohn & Co.