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| key_people = Bruce Richards (CEO) <br>Louis Hanover (CIO)
| key_people = Bruce Richards (CEO) <br>Louis Hanover (CIO)
| industry = [[Hedge fund]], [[distressed securities]], [[investment management]]
| industry = [[Hedge fund]], [[distressed securities]], [[investment management]]
| assets = $22 billion<ref name="Approximate" />
| assets = $ billion<ref name="Approximate" />
| num_employees = 190+
| num_employees = 190+
| homepage = [http://www.marathonfund.com www.marathonfund.com]
| homepage = [http://www.marathonfund.com www.marathonfund.com]
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| location = [[Bank of America Tower (New York City)|Bank of America Tower]]<br>[[New York City]], United States
| location = [[Bank of America Tower (New York City)|Bank of America Tower]]<br>[[New York City]], United States
}}
}}
'''Marathon Asset Management,''' '''LP''' is an [[Investment management|investment manager]] focused on opportunistic investing in credit and [[fixed income]] markets globally. Marathon manages a family of investment programs principally focused on credit strategies including [[hedge fund]]s, [[managed account]]s, single-client funds and [[Collateralized loan obligation|collateralized loan]], and [[Collateralized debt obligation|debt obligation vehicles]].
'''Marathon Asset Management,''' '''LP''' is an [[Investment management|investment manager]] in and markets. Marathon credit , Collateralized , .


==Organisation==
====
The firm is headquartered in New York City with investment offices in London, Miami, Los Angeles, and Luxembourg.
⚫
The firm is headquartered in [[New York City]] with investment offices in [[London]] and [[Singapore]].<ref>[http://www.businesswire.com/news/home/20100628006050/en/Marathon-Asset-Management-Optimistic-Distressed-Commercial-Real Marathon Asset Management Optimistic on Distressed Commercial Real Estate Credit Opportunities.] BusinessWire, June 28, 2010</ref> Marathon is one of eight firms selected by the [[United States Department of the Treasury|U.S. Department of the Treasury]] to manage the Legacy Securities Public Private Investment Program ("[[Public–Private Investment Program for Legacy Assets|PPIP]]") Fund.<ref>[http://www.financialstability.gov/latest/tg_07082009.html U.S. Department of the Treasury] {{webarchive|url=https://web.archive.org/web/20110105045642/http://www.financialstability.gov/latest/tg_07082009.html |date=2011-01-05 }} July 8, 2009</ref>

⚫
Marathon is one of eight firms selected by the [[United States Department of the Treasury|U.S. Department of the Treasury]] to manage the Legacy Securities Public Private Investment Program ("[[Public–Private Investment Program for Legacy Assets|PPIP]]") Fund.<ref>[http://www.financialstability.gov/latest/tg_07082009.html U.S. Department of the Treasury] {{webarchive|url=https://web.archive.org/web/20110105045642/http://www.financialstability.gov/latest/tg_07082009.html |date=2011-01-05 }} July 8, 2009</ref>


Founded in 1998, Marathon manages over $23 billion of capital and has approximately 190 employees.<ref name="Approximate">Approximate figure and can include commitments.</ref> The firm is registered with the [[U.S. Securities and Exchange Commission]] (SEC) as an investment adviser under the [[Investment Advisers Act of 1940]]. In addition, Marathon is a member of the [[National Futures Association]] ("NFA") and is registered with the [[Commodity Futures Trading Commission]] ("CFTC") in the U.S., the [[Financial Services Authority (United Kingdom)|Financial Services Authority]] ("FSA") in the UK, and is notice filed as an exempted fund manager with [[Monetary Authority of Singapore]] ("MAS") in Singapore.
Founded in 1998, Marathon manages over $23 billion of capital and has approximately 190 employees.<ref name="Approximate">Approximate figure and can include commitments.</ref> The firm is registered with the [[U.S. Securities and Exchange Commission]] (SEC) as an investment adviser under the [[Investment Advisers Act of 1940]]. In addition, Marathon is a member of the [[National Futures Association]] ("NFA") and is registered with the [[Commodity Futures Trading Commission]] ("CFTC") in the U.S., the [[Financial Services Authority (United Kingdom)|Financial Services Authority]] ("FSA") in the UK, and is notice filed as an exempted fund manager with [[Monetary Authority of Singapore]] ("MAS") in Singapore.


==History==
==History==
Marathon was formed in January 1998, as Marathon Asset Management, LLC, by managing members Bruce Richards and Louis Hanover who have over 25 years of investment experience in distressed and situational investing. In 2008, Marathon was reorganized as a Delaware limited partnership.
Marathon was in January 1998, as Marathon Asset Management, LLC, by managing members Bruce Richards and Louis Hanover and . In 2008, Marathon was reorganized as a Delaware limited partnership.

⚫
In August 2008, the firm relocated its headquarters to [[Bank of America Tower (Manhattan)|One Bryant Park]], the world's most environmentally responsible [[Tower block|high-rise]] office building and the first building of its size to achieve a top ranked Platinum [[LEED|Leadership in Energy and Environmental Design]] (LEED) certification from [[U.S. Green Building Council]] (USGBC).<ref>[http://www.inhabitat.com/2010/08/19/photos-worlds-greenest-skyscraper-nycs-one-bryant-park/ Bryant Park Tower Gets LEED Platinum Certification.] Inhabitant, August 19, 2010</ref><ref>[http://www.karmayog.org/news/news_17810.htm Marathon Asset Management Takes Corporate Social Responsibility Green.] August 26, 2008</ref>


⚫
In August 2008, the firm relocated its headquarters to One Bryant Park, the world's most environmentally responsible high-rise office building and the first building of its size to achieve a top ranked Platinum Leadership in Energy and Environmental Design (LEED) certification from U.S. Green Building Council (USGBC).[][]
On July 8, 2009, Marathon was selected by the [[United States Department of the Treasury|U.S. Department of the Treasury]] to serve as one of eight firms to manage the Legacy Securities Public Private Investment Program ([[Public–Private Investment Program for Legacy Assets|PPIP]]) Fund.<ref name="The Independent">{{cite news|last1=Khan|first1=Shehab|title=Brexit: Major US hedge fund bets on banking jobs going to Europe|url=https://www.independent.co.uk/news/world/americas/brexit-jobs-us-hedge-fund-benefit-marathon-ireland-france-germany-netherlands-a7214771.html|accessdate=18 February 2018|publisher=The Independent|date=August 29, 2016}}</ref>


On July 8, 2009, Marathon was selected by the U.S. Department of the Treasury to serve as one of eight firms to manage the Legacy Securities Public Private Investment Program (PPIP) Fund.
Marathon Asset Management was one of the companies accused of threatening to block the European attempt to save Greece from [[Greek government-debt crisis|defaulting]] unless they are guaranteed a significant payout.<ref>Chu, Ben. [https://www.independent.co.uk/news/business/news/greek-rescue-blocked-by-hedge-fund-greed-6291112.html "Greek rescue blocked by hedge fund greed"], ''[[The Independent]]'', London, 18 January 2012.</ref>


As of 2024, the firm has 8 Partners and 190 employees. Within Marathon’s Asset-Based Lending platform, the firm's capabilities include Aviation Finance, Maritime Finance, Equipment Finance, Residential and Commercial Real Estate Lending, Healthcare Lending, and Specialty Finance. As part of the firm’s Opportunistic Credit platform, Marathon originates Capital Solutions and invests in both dislocated or distressed corporate credit.
In June 2016, Blackstone Strategic Capital Holdings, part of [[Blackstone Inc|The Blackstone Group]], acquired a minority interest in Marathon Asset Management, LP.<ref name="Barrons">{{cite news|last1=Dieterich|first1=Chris|title=Blackstone Takes Minority Stake In Distressed-Debt Specialist Marathon Asset Management|url=https://www.barrons.com/articles/blackstone-takes-minority-stake-in-distressed-debt-specialist-marathon-asset-management-1466612236|accessdate=18 February 2018|publisher=Barrons|date=June 22, 2016}}</ref>


==References==
==References==

Revision as of 18:00, 5 July 2024

Marathon Asset Management
Company typePrivate
IndustryHedge fund, distressed securities, investment management
Founded1998
FounderBruce Richards
Louis Hanover
HeadquartersBank of America Tower
New York City, United States
Key people
Bruce Richards (CEO)
Louis Hanover (CIO)
Total assets$23 billion[1]
Number of employees
190+
Websitewww.marathonfund.com

Marathon Asset Management, LP is an investment manager that specializes in the public and private credit markets. Within private credit, Marathon focuses on Asset-Based Lending, Opportunistic Credit, and Direct Lending. Within public credit, Marathon invests in High Yield Bonds, Leveraged Loans, Collateralized Loan Obligations, Emerging Market Debt, and Structured Credit.

Organization

The firm is headquartered in New York City with investment offices in London, Miami, Los Angeles, and Luxembourg.

Marathon is one of eight firms selected by the U.S. Department of the Treasury to manage the Legacy Securities Public Private Investment Program ("PPIP") Fund.[2]

Founded in 1998, Marathon manages over $23 billion of capital and has approximately 190 employees.[1] The firm is registered with the U.S. Securities and Exchange Commission (SEC) as an investment adviser under the Investment Advisers Act of 1940. In addition, Marathon is a member of the National Futures Association ("NFA") and is registered with the Commodity Futures Trading Commission ("CFTC") in the U.S., the Financial Services Authority ("FSA") in the UK, and is notice filed as an exempted fund manager with Monetary Authority of Singapore ("MAS") in Singapore.

History

Marathon was founded in January 1998, as Marathon Asset Management, LLC, by managing members Bruce Richards (CEO) and Louis Hanover (CIO). Richards held senior positions at Donaldson Lufkin & Jenrette and Smith Barney. Hanover previously held senior positions at Smith Barney and Merrill Lynch & Co. In 2008, Marathon was reorganized as a Delaware limited partnership.

In August 2008, the firm relocated its headquarters to One Bryant Park, the world's most environmentally responsible high-rise office building and the first building of its size to achieve a top ranked Platinum Leadership in Energy and Environmental Design (LEED) certification from U.S. Green Building Council (USGBC).[4][5]

On July 8, 2009, Marathon was selected by the U.S. Department of the Treasury to serve as one of eight firms to manage the Legacy Securities Public Private Investment Program (PPIP) Fund.

As of 2024, the firm has 8 Partners and 190 employees. Within Marathon’s Asset-Based Lending platform, the firm's capabilities include Aviation Finance, Maritime Finance, Equipment Finance, Residential and Commercial Real Estate Lending, Healthcare Lending, and Specialty Finance. As part of the firm’s Opportunistic Credit platform, Marathon originates Capital Solutions and invests in both dislocated or distressed corporate credit.

References

  1. ^ a b Approximate figure and can include commitments.
  2. ^ U.S. Department of the Treasury Archived 2011-01-05 at the Wayback Machine July 8, 2009
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