In a recently posted Bloomberg Intelligence Credit Edge podcast, Bruce Richards, CEO and Chairman of Marathon Asset Management says asset-based lending is set to expand over the next 10 years at the same strong pace as private credit.
Listen to the...
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March 15, 2024, 08:00 AM
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Encina Private Credit served as Administrative Agent and Collateral Agent for a Senior Secured Credit Facility supporting H.I.G. Capital’s acquisition of Penhall Company, North America’s largest provider of specialty concrete services. Marathon Asset...
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January 10, 2024, 07:55 AM
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Marathon Asset Management 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...
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July 11, 2023, 08:00 AM
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Marathon Asset Management (“Marathon”), a leading global credit investment manager, announced that Ed Cong, who joined Marathon 17 years ago, has become the firm’s newest Partner. Cong will continue to serve as Senior Portfolio Manager for the firm’s...
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May 18, 2023, 07:34 AM
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Marathon Asset Management announced that Scott Boyle has joined the firm as Managing Director, Global Co-Head of Consultant Relations, dedicated to providing client services and solutions on behalf of Marathon. Boyle has over 25 years of...
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April 25, 2023, 07:00 AM
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Marathon Asset Management announced that Jennifer Wildeman and Thorne Gregory Jr. have joined the firm as Managing Directors, dedicated to providing client services and solutions on behalf of Marathon.Ms. Wildeman has over 16 years of experience...
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April 07, 2023, 07:45 AM
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Marathon Asset Management announced that Curt Lueker has joined the firm as Managing Director, to lead the firm’s sponsor coverage and direct lending business. In addition, Lueker will become a member of the firm’s Investment Committee. Lueker joins...
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March 28, 2023, 08:00 AM
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Marathon Asset Management announced the closing of Bryant Park Funding 2023-19 Ltd., a $400 million new issue Collateralized Loan Obligation (“CLO”). This is the first new CLO executed by Marathon’s global Performing Credit platform in 2023, as well...
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March 09, 2023, 07:04 AM
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Marathon Asset Management, a global credit manager, announced the closing of MAST 2022-1, its inaugural aircraft securitization. The transaction was privately issued and resulted in the placement of $304 million of debt backed by a pool of 15 Airbus...
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December 14, 2022, 07:05 AM
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Theratechnologies, a biopharmaceutical company focused on the development and commercialization of innovative therapies, received funding of $40 million under the terms of its credit agreement with affiliated funds of Marathon Asset Management. This...
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July 29, 2022, 07:31 AM
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Theratechnologies, a biopharmaceutical company focused on the development and commercialization of innovative therapies, received a binding commitment with respect to a non-dilutive term loan with an affiliate of Marathon Asset Management for up to...
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July 18, 2022, 07:39 AM
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John Hancock Investment Management, a company of Manulife Investment Management, and Marathon Asset Management announced the launch of John Hancock Asset-Based Lending Fund (the fund). The fund is subadvised by Marathon Asset Management (Marathon), a...
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July 12, 2022, 07:51 AM
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Marathon Asset Management announced the closing of a $155 million credit facility for Brown Jordan Inc., a leading designer, manufacturer, distributor and retailer of outdoor and indoor furniture for the commercial and residential markets in the U.S....
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December 17, 2021, 07:31 AM
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Bruce Richards, Chairman & CEO, and Louis Hanover, CIO, together the co-managing Partners of Marathon Asset Management, a leading global credit investment manager, announced several management changes, including one senior departure and five senior...
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August 11, 2021, 07:40 AM
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Marathon Asset Management closed a $155 million senior credit facility for Avenger Flight Group, a leading independent provider of enterprise flight training solutions to aviation clients worldwide. Marathon anchored the loan alongside three other...
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July 07, 2021, 07:33 AM
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Marathon Asset Management announced the final close for its Marathon Secured Private Strategies Fund, which was oversubscribed with approximately $900 million in commitments. The fund will invest in a diversified portfolio of asset-based loans across...
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January 26, 2021, 08:35 AM
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Baudax Bio, Inc., a pharmaceutical company focused on therapeutics for acute care settings, today announced that it has closed on a credit facility of up to $50 million from funds managed by Marathon Asset Management, a global credit solutions...
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June 01, 2020, 09:05 AM
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Workhorse Group Inc., an American technology company focused on changing the way the world works by providing sustainable and cost-effective electric-mobility solutions to the transportation sector, has closed a financing in the amount of $35 million...
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January 03, 2019, 08:04 AM
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ADMA Biologics, Inc., a vertically integrated commercial biopharmaceutical company that develops, manufactures and markets specialty plasma-based biologics for the prevention and treatment of certain infectious and immunological diseases, announced...
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October 11, 2017, 07:05 AM
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BofI Federal Bank, a subsidiary of BofI Holding, Inc., announced the expansion of its Commercial and Industrial Lending, Lender Finance Division (C&I) under the leadership of Patrick Walsh and Salvatore Salzillo.BofI Federal Bank's C&I lending...
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November 13, 2013, 07:04 AM
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