Managers/Private credit/New York/Marathon Asset Management

Marathon Asset Management

Marathon Asset Management is a private credit, private equity and venture manager in New York, NY. It is registered with the SEC as an investment adviser with $30.5B in regulatory assets and 193 staff. It has 28 funds on file.

Funds on file
28
Raised, all funds
$13.8B
Regulatory assets
$30.5B
Staff
193
Pension investors
3
See the adviser's own filing →

Latest fund filing

Funds

DateFundTypeRaisedTarget
Marathon Credit Dislocation Fund, LP Private credit $310M Not given
Marathon Credit Opportunity Fund, LP Private credit $370.1M Not given
Marathon Credit Opportunity Fund, Ltd. Private credit $692M Not given
Marathon European Credit Opportunity Fund III, LP Private credit $524.9M Not given
Marathon European Credit Opportunity Fund II, LP Private credit $807.7M Not given
Marathon European Credit Opportunity Fund II, Ltd. Private credit $482.3M Not given
Marathon European Credit Opportunity Offshore Fund III, LP Private credit $123.3M Not given
Marathon Liquid Credit Long Short Fund Private credit $103.6M Not given
Marathon Real Estate Debt Fund, LP Private credit $215M Not given
Oct 2026 Marathon Multi-Asset Credit Fund, L.P. Private credit $153.4M Not given
Jul 2026 Marathon Emerging Markets Bond Fund, L.P. Private equity $366.5M Not given
May 2026 Marathon Asset-Based Lending Fund IV, L.P. Private credit $681.2M Not given
May 2026 Marathon Asset-Based Lending Offshore Fund IV, L.P. Private credit $521M Not given
Apr 2026 Marathon Multi-Asset Credit Fund II, LP Private credit $120M Not given
Jan 2026 776 Marathon Fund I, L.P. Venture $0 $100M
Dec 2025 Marathon Asset-Based Lending REIT IV, LLC Private credit $125K $125K
Aug 2025 Marathon Securitized Credit Fund, L.P. Private credit $794.9M Not given
Aug 2025 Marathon Securitized Credit Fund, Ltd. Private credit $2.2B Not given
Jun 2025 Marathon Dislocation Fund, L.P. Private equity $233.6M Not given
Jun 2025 Marathon Dislocation Offshore Fund, L.P. Private equity $421.9M Not given
Oct 2024 Marathon Pacesetter High-Yield Fund, L.P. Private equity $37.5M Not given
Aug 2024 Marathon Healthcare Finance Fund, L.P. Private equity $388.3M Not given
Aug 2024 MDCF II, LP Private equity $945.6M Not given
Apr 2024 Marathon Secured Private Strategies Fund III, L.P. Private equity $1.1B Not given
Sep 2023 Marathon Loan Opportunities Fund, L.P. Private credit $192.9M Not given
Jun 2023 Marathon ECO IV (Feeder) LP Private equity $296.5M $750M
Feb 2023 Marathon Secured Private Strategies Offshore Fund III, L.P. Private equity $473.4M Not given
Jan 2021 Marathon Distressed Credit Fund, L.P. Private credit $1.2B Not given

History

Marathon Asset Management is based in New York, New York, and runs private credit, private equity and venture funds. The firm is a registered investment adviser, meaning it is signed up with financial authorities to manage money for clients. It reported $30.5B in regulatory assets and 193 staff as of August 2026.

Its earlier funds include Marathon European Credit Opportunity Fund II, LP, a private credit fund that raised $807.7M, and Marathon Distressed Credit Fund, L.P., which raised $1.2B as reported in January 2021. Marathon Securitized Credit Fund, Ltd. raised $2.2B as reported in August 2025, and Marathon ECO IV (Feeder) LP raised $296.5M against a $750M target as reported in June 2023. The firm also runs 23 other smaller vehicles alongside Marathon Secured Private Strategies Fund III, L.P., which raised $1.1B as reported in April 2024.

The newest main fund is MDCF II, LP, a private equity fund raising since August 2023, which raised $945.6M as reported in August 2024. Pension investors named include Minnesota Police and Fire, Texas Municipal and Ohio School Employees.

Adviser record

RegistrationRegistered with the SEC as an investment adviser.
Regulatory assets$30.5B
Employees193
Clients111 private funds, 12 other advisers, 8 registered funds and 6 government.
Control personsJohn, Christopher Brown, Christine Chartouni, Louis, Todd Hanover, Scot, Matthew Pasquale, James, Benjamin Raboy, Bruce, Jeffrey Richards.
Private funds73 private funds holding $25B in gross assets.

Private funds it reports

FundTypeGross assets
Marathon Distressed Credit Master Fund Hedge fund $3.1B
Marathon Secured Private Strategies Master Fund Iii A Hedge fund $1.8B
Marathon Centre Street Partnership Hedge fund $1.7B
Marathon Secured Private Strategies Master Fund Iii B Hedge fund $1.2B
Marathon Secured Private Strategies Master Fund Iii C Hedge fund $1.2B
Marathon Secured Private Strategies Master Fund II A Hedge fund $1.2B
Mdcf II Hedge fund $773.7M
Marathon Securitized Credit Master Fund Hedge fund $707.9M
Marathon Blue Grass Credit Fund Hedge fund $581.9M
Marathon Clo XI Securitised assets $497.3M
Marathon Clo Xiii Securitised assets $478.8M
TRS Credit Fund Hedge fund $476M
Marathon Secured Private Strategies Reit II Hedge fund $467.2M
Marathon Clo 2021-17 Securitised assets $423.3M
Marathon Currituck Fund, LP - Series A Hedge fund $419.7M