Marathon opens flagship to new money
April 07, 2010
Marathon is raising capital for its $2.8 billion flagship fund to take advantage of distressed debt opportunities.
Marathon Asset Management, the $8.5 billion firm founded by Bruce Richards and Louis Hanover in 1998, is re-opening its flagship fund to new money. The Marathon Special Opportunity Fund, the firm’s $2.8 billion opportunistic credit strategy, has been closed for a bit more than two years, but the firm has decided to raise capital to take advantage of new investment opportunities.
“We believe the opportunity to invest in dislocated and distressed debt is highly attractive given the vast universe of unsustainable capital structures and the massive corporate deleveraging process that...
TAKE A FREE TRIAL
The full contents of this article are available to Absolute Return subscribers and trialists only.
To continue reading please, take a free trial, subscribe or log in.
Subscribe
Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.
Subscribe now