SunTrust Bank Agents Maranon Capital Credit Facility
Maranon Capital L.P. announced a final close of Maranon Senior Credit Fund II at its target level of $330 million. Leverage was provided via a credit facility arranged and agented by SunTrust Bank.
In addition, Maranon announced two new hires, including Anuj Aggarwal, who joined the firm as an associate on the investment team, and Aaron Simkovich, who joined Maranon’s operations team as controller.
Aggarwal joins Maranon from BMO Capital Markets where he was a member of the leveraged finance and investment banking groups. He earned his B.S. in Finance with honors from the University of Illinois.
As controller, Simkovich leads Maranon’s accounting function where he is responsible for managing external audits as well as loan operations and financial analysis. Prior to joining Maranon, Simkovich was with TA Associates and State Street Corp.
“The successful close of Senior Credit Fund II represents an exciting opportunity to expand the scale and range of financing solutions Maranon can offer” commented Rich Jander, a managing director of the firm. “Since 2008, Maranon has provided more than $600 million of senior financing to companies backed by many of the top-tier private equity firms in the middle market. We now have meaningful incremental capacity for additional senior term, unitranche and second lien transactions.” Jander also noted that Maranon has already begun deploying capital out of the new fund with the close of four new senior debt investments.