New York-based Marathon Asset Management announced its close of Marathon Distressed Credit Fund, which attracted $2.5 billion in investor commitments.
Distressed credit funds saw great investor interest throughout much of 2020 as investment opportunities arose following the start of the COVID-19 pandemic.
“While the broader market has recovered, the K-shaped recovering has resulted in a disparate impact that requires tailored capital solutions to help companies across industries recover from the 2020 cyclical decline,” said Bruce Richards, chairman and chief executive officer of the $20 billion firm. “Companies that are well positioned . . .
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