OPPORTUNISTIC CREDIT

Navigating Complexity

Investing over $75 billion in Opportunistic Credit since our founding in 1998, Marathon is a distinguished leader with a flexible investment platform designed to solve complexity.

Marathon's "all-weather" opportunistic investment strategy utilizes a dynamic approach:

01.

Providing creative capital for companies in transition

02.

Actively investing in the secondary market during times of dislocation

03.

Partnering with companies to provide turnaround or restructuring solutions to create win-win outcomes

$75B+

Invested in Opportunistic Credit

3K+

Securities with Marathon Proprietary Research

25+ Years

Of Marathon Solving Complexity

Our expertise and in-depth industry knowledge enable us to analyze and solve complex situations with an enduring framework built on long-term partnership and value creation. Marathon's 30-person Opportunistic Credit team works seamlessly within our global investment platform, efficiently identifying and capitalizing on the most compelling opportunities.

With seasoned professionals specializing across industries, geographies, and capital structures, our integrated teams collaborate to enhance our thesis formation, proactive sourcing approach, fundamental corporate analysis, and bespoke structuring to solve complex transactions.

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Synergies between our Performing and Non-Performing Credit teams result in earlier identification of distress to efficiently uncover attractive opportunities.

Jeffrey Jacob

Partner - Opportunistic Credit

Marathon's time-tested and highly specialized investment team works diligently alongside our 90-person global infrastructure group comprising of dedicated in-house legal, restructuring and workout professionals, tax experts, accountants, and technologists, to support our underwriting, execution, and value-creation playbook.

Marathon closely collaborates with Private Equity Sponsors, Financial Institutions, Industry Experts and Advisory & Legal Professionals enhancing our deep fundamental underwriting analysis.

Investment
Strategies

Marathon's dynamic playbook and investment process is time-tested over multiple credit cycles:

Private Capital Solutions

  • Privately
    Originated Loans
  • Capital
    Solutions
  • Stressed
    Refinancings
  • Rescue
    Capital

Dislocation & Distressed

  • Dislocated
    Credit
  • Distressed
    Exchanges
  • Bankruptcy
    Reorganization
  • Debtor-in-Possession
    Financing (DIP)

Select Marathon
Transactions

Private Capital Solutions

  • Auto Europe
    (Rescue Capital)
  • The Hiller Companies
    (Capital Solutions)
  • U.S. Shipping Corp
    (Stressed Refinancing)
  • LATAM Airlines
    (Exit Refinancing)

Dislocation & Distressed

  • CVS
    (Dislocated Credit)
  • Hertz
    (BK Reorganization)
  • Healogics
    (Distressed Exchange)
  • Avianca
    (DIP Financing)

Investment Vehicles

  • Closed-End Funds
  • Fund of One & Separately Managed Account

Marathon was awarded by Private Debt Investor with the 2022 “Global Distressed Debt and Special Situations Deal of the Year.”

Marathon's dedicated 30-person Opportunistic Credit team leverages our global investment platform to benefit from our information advantage and specialization across the credit markets to run a best-in-class program. Our long history of success in opportunistic credit employs a non-litigious investing approach built on partnership across capital solutions, dislocated and distressed debt that we believe drive optimal outcomes.

Contact Us

To contact the Marathon Opportunistic Credit team, please reach out to one of the key contacts below:

For Dislocated & Distressed Investments:

Jeff Jacob
Partner - Opportunistic Credit
jjacob@marathonfund.com

For Capital Solutions:

Curtis Lueker
Managing Director - Direct Lending
clueker@marathonfund.com

For Investors:

Jason Friedman
Partner - Global Head of Strategy and
Business Development
jfriedman@marathonfund.com or
investors@marathonfund.com