Daily News: September 15, 2014

Marathon Fund to Target Bank-Shunned Assets

Bloomberg reported Marathon Asset Management is seeking to raise a $500 million fund to capitalize on a lending void left by banks primarily in the U.S., according to a person with knowledge of the matter.

Bloomberg said further the firm plans to use the money to originate loans and commercial mortgages, buy and lease commercial equipment including aircraft and invest in mortgage-related assets created before the 2008 financial crisis, said the person, who asked not to be identified because the information is private.

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