Marathon ditches distressed strategy to raise USD 2.7bn for opportunistic credit
EXCLUSIVE: The asset manager originally launched the fund with a distressed debt strategy but has since switched the focus to making opportunistic private credit and equity investments  

Marathon prices its eighth Bryant Park US BSL CLO
The latest deal is Marathon's Bryant Park series is a USD 405m BSL CLO where Citi served as the arranger and Academy Securities was the co-placement agent  

Marathon resets US CLO from 2021
Marathon CLO 2021-17, now called Bryant Park Funding 2021-17R, turned heads three years ago for its use of one of the first SOFR tranches

Marathon prints its seventh primary CLO deal of the year
Marathon prices US BSL CLO sized at USD 404.65m

Webster Bank and Marathon form private credit tie-up
Webster Bank and Marathon Asset Management have joined the ranks of traditional banks forming partnerships with asset managers 

Reset craze continues as Marathon resets 2020 vintage CLO
The wave of resets continued yesterday with Marathon Asset Management the latest manager to take advantage of tightening spreads

Marathon goes the distance to bring new US BSL CLO
Marathon Asset Management yesterday followed up last month’s 2019-vintage US refi with a new US BSL CLO, Bryant Park Funding 2024-3

Marathon ups cadence and aims for personal best as new CLO is marketed
Shortly after its partial refi of Marathon CLO XIII last week, Marathon Asset Management is already back in the pipeline with a new US BSL deal

Marathon refis 2019 vintage US CLO
Marathon Asset Management undertook a second partial refinancing of its 2019-vintage Marathon CLO XIII, following its first restructuring in 2021

US static CLO's second refi brings in senior spreads more than 110bps in total
A refinancing of a 2022-vintage static CLO this week tightened the triple-A spreads by 60 basis points – further improving the near-50 bps tightening from the deal’s first refinancing just six months ago

Reverse inquiry leads to junior single As in new Marathon BSL CLO
Marathon Asset Management yesterday priced Bryant Park Funding 2024-22, including senior and junior single As

Marathon adds private credit veteran
Marathon Asset Management has hired a private credit expert from pensions consultant Aksia 

Bank of America prices three CLOs in a day
The bank managed to make the triple with a new CLO for Octagon, a reset of a 2022 vintage deal for Voya, and a highly unusual partial refi of a static CLO for Marathon

Academy Securities scores first CLO issuance credit on new deal for Marathon
Academy Securities was named as a co-initial purchaser on a new $400.6 million CLO managed by Marathon Asset Management, the first time the New York bank has been named on a primary CLO transaction

ABL lending fund completes final close with $1.7 billion in commitments
Asset-based lending fund accepts $1.7 billion in capital commitments from a global set of institutional and retail investors. 

Marathon promotes structured credit official to partner
Marathon Asset Management has promoted Ed Cong to partner

Marathon prints second CLO under Bryant Park branding
Marathon Asset Management priced a new CLO on Tuesday, the second from the firm as part of its new 'Bryant Park' platform of CLOs

Marathon hires consultant relations co-head from AB
Marathon Asset Management has hired Scott Boyle as managing director and co-head of consultant relations in New York

Marathon appoints senior official to lead direct lending business
Marathon Asset Management is making a push into direct lending 

Marathon completes first new CLO under rebranded franchise
Marathon Asset Management priced the first CLO after a rebranding designed to reflect a change in portfolio management team at the firm

US CLO pipeline: Oak Hill aims for tightest triple As since July, as other CLO markets at 245bp
Nine US CLO managers are in various stages of marketing their latest CLOs, and while Oak Hill is seeking a benchmark-setting deal, there are other CLOs that are expected to price well wide of this

Marathon adopts new style and branding for first CLO under new management
Marathon Asset Management is set to adopt a new naming convention for the first CLO it issues under new leadership

Marathon confirms senior-level CLO hire in New York
Marathon Asset Management has confirmed the arrival of a CLO specialist as managing director and senior portfolio manager in its corporate credit group

Triple A CLOs discounted by 0.5 cents as spreads widen
Selling triple A CLOs in primary at a 0.5 cent discount has emerged as one way for managers to get new transactions over the line amid a tough outlook for issuers

CLOs at a glance (August 2022)
A listing of CLOs that have priced in the last month