Bridger Aerospace Group Holdings, an aerial firefighting company, entered into a joint venture partnership with Marathon Asset Management and Avenue Capital’s Sustainable Solutions Fund.
Alex Howell joined Marathon Asset Management, a global credit investment manager, as a senior managing director and head of European alternative credit, responsible for leading public investments, corporate capital solutions, special situations and direct lending in Europe.
Marathon Asset Management, a global credit investment manager, named Ed Cong its newest partner. Cong, who joined the firm 17 years ago, will continue to serve as senior portfolio manager for the firm’s structured credit and asset-based lending businesses.
Curt Lueker joined Marathon Asset Management as a managing director to lead the firm’s sponsor coverage and direct lending business. In addition, Lueker will become a member of the firm’s investment committee.
John Hancock Investment Management and Marathon Asset Management launched John Hancock Asset-Based Lending Fund, which will invest at least 80% of its net assets in asset-based lending investments.
Andrew Rabinowitz, president and COO of Marathon Asset Management, will be departing the firm in September. Jamie Raboy, Christine Chartouni and Jason Friedman will assume Rabinowitz’s day-to-day responsibilities.
Marathon Asset Management closed its Marathon Secured Private Strategies Fund, which was oversubscribed with approximately $900 million in commitments. The fund will invest in a portfolio of asset-based loans across multiple sectors.
Marathon Asset Management closed its Marathon distressed credit fund, which was oversubscribed with approximately $2.5 billion in commitments. The fund will pursue opportunities such as restructurings, debtor-in-possession financings and exit financings.