Articles from Marathon Asset Management, L.P.

Marathon Asset Management, a global credit manager, announced the closing of MAST 2026‑1, a $615 million aircraft securitization. MAST 2026‑1 features a portfolio of 27 Airbus and Boeing narrowbody aircraft on operating leases with 18 different lessees. Lessees are domiciled across 15 countries, offering broad global geographic diversification with 41% of exposure in Europe, 29% in the Americas, 22% in Asia-Pacific, and 8% in MENA. The portfolios weighted average age is approximately 9.5 years and weighted average remaining initial lease term is approximately 5.8 years.

Marathon Asset Management’s (“Marathon”) Commercial Real Estate platform originated a $235 million senior mortgage loan to an affiliate of Lone Star Real Estate Fund VI, L.P. ("Lone Star") to fund the refinancing of an eleven-property, mixed-acuity senior housing portfolio (the “Portfolio”).

Marathon Asset Management (“Marathon”) and Webster Bank (“Webster”) today announced the closing of a senior-secured credit facility to support H.I.G. Capital’s acquisition of Shore Excursions Group (“SEG” or the “Company”). Marathon served as Lead Left Arranger, while Webster acted as Administrative Agent for the transaction.

Marathon Asset Management, L.P. (“Marathon”), a leading global asset manager specializing in public and private credit markets with over $23 billion in assets under management, announced the successful completion of a refinancing program for NN, Inc. (NASDAQ: NNBR) (“NN”), a global diversified industrial company that engineers and manufactures high-precision components and assemblies.

Marathon Asset Management (“Marathon”), a leading global credit investment manager, announced today that Joseph Griffin has become the firm’s newest Partner. Mr. Griffin, who joined Marathon 12 years ago, will continue to serve as Senior Portfolio Manager for the firm’s Commercial Real Estate business, including loan origination and CMBS trading, while serving on Marathon’s Investment Committee.

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.

Marathon Asset Management’s Commercial Real Estate platform originated a $154.5 million mortgage loan to a joint venture between Monarch Alternative Capital LP ("Monarch") and REDICO (collectively, the "Sponsor") to fund the refinance of The American House Florida Portfolio (the “Portfolio”).

Marathon Asset Management’s Commercial Real Estate platform originated a $164 million mortgage loan to fund Stockdale Capital Partners’ acquisition of The Oaks, a Class A regional mall located in Thousand Oaks, CA, an affluent community within the Greater Los Angeles Area. Stockdale acquired The Oaks from Macerich in a transaction that closed on December 10th, 2024.

Marathon Asset Management (“Marathon”), a leading global credit manager with more than $23 billion of assets under management, is pleased to announce the closing of a senior-secured credit facility to finance H.I.G. Capital’s (“H.I.G.”) acquisition of SkinCure Oncology Intermediate LLC (“SkinCure Oncology”). SkinCure Oncology’s executive team, led by CEO Kerwin Brandt, will continue to lead the company and remain significant shareholders.

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 $76 billion in total assets, are pleased to announce the closing of a senior-secured financing to PK Companies Group, LLC (“PK”) to help facilitate the acquisition by DC Capital Partners Management, LP (“DC Capital”). PK’s founders reinvested equity in conjunction with this transaction.

Marathon Asset Management (“Marathon”), a leading global credit manager with more than $23 billion of assets under management, is pleased to announce the closing of a senior-secured credit facility to refinance Owl Cyber Defense (the “Company”), a portfolio company of DC Capital Partners.

Marathon Asset Management, L.P. (“Marathon”), a leading global credit manager with $23 billion in assets under management, and Webster Financial Corporation, the holding company for Webster Bank, N.A. (“Webster Bank”), a top performing commercial bank with $76 billion in assets, today announced they are forming a private credit joint venture, which will deliver direct lending solutions to sponsor-backed middle market companies.

Marathon Asset Management, L.P. (“Marathon”), a leading global credit investment manager, today announced that Alex Howell has joined the firm as a Senior Managing Director and Head of European Alternative Credit, responsible for leading public investments, corporate capital solutions, special situations and direct lending in Europe. In addition, Mr. Howell becomes a member of the firm’s Investment Committee.

Marathon Asset Management, L.P. (“Marathon”), a leading global credit investment manager, today 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.

Marathon Asset Management, L.P. (“Marathon”), a leading global credit investment manager, today 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.

Marathon Asset Management, L.P. (“Marathon”), a leading global credit investment manager, today announced that Curt Lueker has joined the firm as Managing Director, to lead the firm’s sponsor coverage and direct lending business. In addition, Mr. Lueker will become a member of the firm’s Investment Committee. Mr. Lueker joins Marathon as a highly experienced financial executive, having been an integral part of building middle market leveraged lending businesses during his career of nearly thirty years.

Marathon Asset Management LP (“Marathon”) is pleased to announce the closing of Bryant Park Funding 2023-19 Ltd., a $400mm new issue Collateralized Loan Obligation (“CLO”). This is the first new CLO executed by Marathon’s global Performing Credit platform in 2023, as well as the first under the firm’s Bryant Park Funding shelf. Marathon’s Bryant Park Funding CLO program focuses on high-quality, liquid, broadly syndicated senior secured loans with an emphasis on capital preservation, lower volatility, and structural durability.

Marathon Asset Management, L.P., a global credit manager, today 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 and Boeing narrowbody aircraft, leased to ten different airlines across nine countries. The average age and lease term of the aircraft are 6.0 and 6.4 years, respectively.

Marathon Asset Management (“Marathon”), one of the leading global credit investment managers, today announced that Karen Lau has joined the firm as Managing Director and Senior Portfolio Manager within the Corporate Credit group. In addition, Ms. Lau will become a member of the firm’s performing credit Investment Committee. In this role she will report to Louis Hanover, Chief Investment Officer, and will focus on the management of Marathon’s collateralized loan obligation portfolios. Ms. Lau joins Marathon as a highly experienced portfolio manager, having been an integral part of several leading CLO managers during her career of nearly twenty years. Marathon has issued over $8 billion across seventeen CLO vehicles since 2005, not including its $400mm inaugural static CLO, which priced on July 14, 2022.

Marathon Asset Management, L.P. (“Marathon”), a New York-based global investment advisor overseeing approximately $23 billion in assets across private and public global credit markets today announced that Christine Chartouni, Marathon’s Chief Legal Officer and Chief Compliance Officer, has been promoted to Partner. Ms. Chartouni has been with Marathon since 2004 and serves on Marathon’s Executive and Governance Committees.