Curt Lueker joined Marathon Asset Management as managing director with an aim of leading the $20 billion credit-focused firm’s sponsor’s coverage and direct lending business.
Lueker brings with him bank lending experience after being active in building middle market leveraged lending businesses during his career of nearly three decades. He will join Marathon’s investment committee.
“Curt’s expertise and knowledge in direct lending is a welcome addition to our team as we further expand our direct lending business in North America,” said Bruce Richards, co-founder, chairman and chief executive officer. “Our core focus is to generate alpha for our clients by further developing our credit origination program and adding Curt to our team further demonstrates Marathon’s commitment to reinforcing our position as a leading credit manager.”
Lueker joins from Modern Bank, where he was chief lending officer and head of commercial markets, overseeing commercial and industrial, commercial real estate, energy and small business lending lines. Prior to Modern Bank he served at the Royal Bank of Scotland, Indosuez Capital and Bank of America, where he originated, executed and managed senior secured loans, mezzanine investments, equity co-investments and private equity fund commitments.
“Marathon’s reputation, track record, and deep bench of talent will enable us to further develop our leading direct lending business serving private equity sponsors and companies to meet their capital solutions,” Lueker said. “I look forward to extending credit for general corporate purposes, acquisition finance, recapitalizations and add-ons.”
Marathon’s direct lending strategy is powered by 180 professionals across its global credit platform, a franchise that Marathon has built since its founding 25 years ago.
Marathon recently closed its latest collateralized loan obligation (CLO) at $400 million — the first new CLO executed on Marathon’s global performing credit platform this year. Bryant Park Funding’s shelf is focused on high-quality, liquid, broadly syndicated senior secured loans with an emphasis on capital preservation, lower volatility and structural durability.
