Marathon Asset Management Announces Final Close of its Opportunistic Credit Fund, MDCF II

NEW YORK--(BUSINESS WIRE)--Marathon Asset Management, a leading global asset manager specializing in public and private credit, today announced the final close of its global opportunistic credit strategy, MDCF II, with $2.7 billion in commitments, including affiliated and co-investment vehicles. This follows the ongoing success of Marathon’s predecessor fund, MDCF I, which closed in 2020 and continues to monetize – delivering a top quartile DPI of 65% thus far.

MDCF II continues Marathon’s decades-long track record of executing opportunistic credit strategies. It aims to deliver superior risk-adjusted returns at all points in the cycle by navigating volatility to create win-win solutions for companies in both the private and public credit markets. The fund focuses on direct origination of private capital opportunities, providing flexible partnership capital to align with the financing needs of management teams, private equity sponsors and founders.

“We’re pleased to have achieved this milestone and are grateful to our investors for their continued trust in Marathon’s expertise to navigate complex credit markets,” said Bruce Richards, Chairman and CEO of Marathon Asset Management. “By applying Marathon’s decades of experience, MDCF II will allow us to capitalize on the vast opportunity set to work with companies and financial sponsors to provide creative capital solutions, both as growth capital and in more complex situations across the global credit landscape.”

Louis Hanover, Co-Founder and Chief Investment Officer, added: “MDCF II is strongly positioned to capture value through both private and public markets where we have shown poise and discipline that drives our research-driven approach to identify opportunities across a wide range of companies and industry sectors in both the U.S. and Europe as we are laser focused on delivering strong risk-adjusted returns for our investors.”

Marathon’s MDCF Fund series and opportunistic credit investment program is led by Louis Hanover (CIO), Jeff Jacob (Partner), Randy Raisman (Head of U.S Investments) and Alex Howell (Head of European Investments), who are voting members of the Fund’s Investment Committee with Bruce Richards, Jamie Raboy, and Curt Lueker.

About Marathon Asset Management

Marathon Asset Management, L.P. is a premier global credit manager, specializing in public and private credit markets with over $23 billion in assets under management. Founded in 1998, Marathon has built a comprehensive platform across the credit spectrum, offering expertise in direct lending, asset-based lending, and opportunistic credit strategies, along with multi-asset public credit that includes broadly syndicated loans, CLOs, high yield bonds, emerging market debt, and structured credit (ABS, RMBS, CMBS). The firm is known for its ability to provide flexible capital solutions to companies and its deep understanding of complex credit structures across multiple asset classes and sectors. Under the leadership of Co-Founders Bruce Richards (CEO) and Louis Hanover (CIO), Marathon has grown into a global presence, employing nearly 200 professionals, including 9 Partners, across offices in New York City, London, Miami, Los Angeles, and Luxembourg. With a focus on delivering strong, risk-adjusted returns, Marathon leverages its extensive industry experience, proprietary research, and disciplined investment approach to navigate dynamic market conditions. As a Registered Investment Adviser with the U.S. Securities and Exchange Commission, Marathon remains committed to upholding the highest standards of fiduciary responsibility and transparency.

For more information, please visit www.marathonfund.com.