Marathon Asset Management closes USD900m asset-based lending fund
Submitted
27/01/2021 - 9:29am
Marathon Asset Management (Marathon), a global credit investment manager, has held the final close for its Marathon Secured Private Strategies Fund, which was oversubscribed with approximately USD900 million in commitments.
The fund will invest in a diversified portfolio of asset-based loans across 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 specialised capital solutions, enabling Marathon to create alpha through strong collateral and robust cash flow, says Bruce Richards, Chairman & Chief Executive Officer of Marathon. Our ability to capture complexity premium while protecting principal provides our LPs with attractive income streams while minimising correlation to the broader markets.