Marathon Asset Management

Marathon Asset Management

New York, NY

Founded in 1998

Marathon Asset Management LP, formed in 1998 by Bruce Richards and Louis Hanover, seeks attractive absolute returns through investments in the global credit markets and real estate related markets with a long-term goal of building a world-class asset management platform. Marathon’s core competency is opportunistic investing in the global corporate, emerging market and structured credit markets based on fundamental, bottom-up research across distinct investment funds, managed vehicles, and separate accounts.


Marathon’s private credit business includes direct lending, asset based lending, including healthcare and aircraft leasing along with real estate lending. Marathon’s team has significant experience investing in credit dislocations through multiple cycles. Marathon’s team is fully integrated to capitalize on credit opportunities globally. Marathon possesses a unique, broad-based skill set and proprietary platform to research, analyze and act upon complex capital structures and situations.


Marathon’s U.S. Real Estate platform directly originates senior transitional loans including term and bridge loans, mezzanine loans and preferred equity for commercial real estate throughout the United States. Loans may provide for acquisitions, repositioning's, re-financings and recapitalizations of properties. Marathon’s direct lending program allows for increased risk mitigation through covenant protection, loan structuring, underwriting, and a deep due diligence process, as well as attractive yield generation given the distinct product it creates for its borrowers.