Marathon Asset Management Raises $400M for First CLO in 2023

Marathon Asset Management, a New York-based global investment advisor with over $20 billion of capital under management, closed its latest collateralized loan obligation (CLO) – Bryant Park Funding 2023-19 Ltd at $400 million; the first executed on Marathon’s global performing credit platform this year, as well as the first under the firm’s Bryant Park Funding shelf.

The CLO focuses on high-quality, liquid, broadly syndicated senior secured loans with an emphasis on capital preservation, lower volatility and structural durability.

“This is a conservatively positioned portfolio, resulting from Marathon’s time-tested fundamental credit research process and disciplined portfolio construction guidelines to identify strong credits within the senior secured loan universe,” noted Karen Lau, Managing Director and Senior Portfolio Manager for Marathon’s CLO Strategy.

Lau joined from Onex last year as Marathon’s CLO strategy surpassed $5 billion in assets.

“We are excited to have priced Bryant Park Funding 2023-19 at very attractive levels and with broad interest from the CLO investor community,” added Jonathon Siatkowski, Managing Director and Head of CLO Capital Markets.