Marathon Raises $2.7 Billion Opportunistic Credit Fund to Target Market Dislocations

What's happening: 

Marathon Asset Management has closed its global opportunistic credit fund (MDCF II) with $2.7 billion in commitments, building on the success of its predecessor fund which has already returned 65% of invested capital.

The key moves:

• The fund will focus on direct origination of private capital opportunities across global credit markets

• MDCF II aims to provide flexible partnership capital to companies and private equity sponsors

• Marathon will deploy capital in both private and public credit markets, targeting superior risk-adjusted returns

Key players:

• Bruce Richards, Chairman and CEO

• Louis Hanover, Co-Founder and Chief Investment Officer

• Jeff Jacob, Partner

• Randy Raisman, Head of U.S. Investments

• Alex Howell, Head of European Investments

By the numbers:

• $2.7 billion in total commitments for MDCF II

• 65% DPI (distributed to paid-in capital) for predecessor fund MDCF I

• Over $23 billion in total assets under management at Marathon

Key quotes:

• "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." — Bruce Richards

• "MDCF II is strongly positioned to capture value through both private and public markets where we have shown poise and discipline." — Louis Hanover

The wrap: 

This successful fundraise positions Marathon to capitalize on increasing demand for flexible capital solutions across credit markets during a period of economic uncertainty, reinforcing its standing as a major player in the alternative credit space.