Marathon opens flagship to new money
Wed Apr 7, 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
"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...
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