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Laxman Pai, Opalesque Asia: Marathon Asset Management, a premier global credit manager, announced the final close of its opportunistic credit strategy MDCF II, securing $2.7 billion in commitments across the main fund and related and co-investment vehicles.
The investment manager focused on opportunistic investing said in a press release that MDCF II is focused on directly originating private capital for management teams and private equity sponsors.
"The fund is a continuation of the firm's strategic approach to credit investments, building on the success of MDCF I, which closed in 2020 and has delivered a top quartile distribution to paid-in capital (DPI) of 65%," it said.
MDCF II continues Marathon's decades-long track record of executing opportunistic credit strategies, the release added. "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," the statement elaborated.
"We're 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 ...................... To view our full article Click here
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