Marathon related stories
All articles and analysis
Meet Japan’s next generation of emerging managersFrom Japan Post Bank’s former private equity head to a buyout shop delivering 4.4x, PEI presents a rundown of seven managers you should probably get to know.
Connecticut looks for alternatives advisorThe $24.7bn pension system will issue separate requests-for-proposals for an alternatives consultant and a real estate consultant, with plans to award new contracts by the end of the year.
- $39bn of CMBS loans can’t cover debt with cash flow
A study of US CMBS deals reveals that more than 3,500 loans currently have debt service coverage ratios of 1.0x or less. That figure could quickly grow to $75bn as less than half the CMBS universe has reported 2009 financials.
- Brookfield and Marathon float debt REITs targeting $800m
The two real estate fund managers are turning to the public markets to raise capital for their next debt vehicles. Brookfield Realty Capital Corp. and Marathon Real Estate Mortgage Trust are targeting $500m and $300m respectively.
- US Treasury selects Angelo Gordon, GE Real Estate for PPIP
The US government has selected nine private investment firms, including Angelo Gordon, GE Real Estate, Oaktree and Invesco to help take real estate loan-backed securities off banks’ balance sheets.
- Oaktree lags other managers on PPIP fundraise
Marathon Asset Management recently held a first close reportedly on $400m for PPIP, leaving Oaktree as the last firm to reach the benchmark.
- Illinois Universities invests $120m in ‘toxic assets’
The US pension is the latest to join the government’s programme meant to jumpstart the credit markets, which CalPERS has said it will not join.
- Marathon appoints former JP Morgan exec as managing director
The global asset manager has appointed former JP Morgan Chase global treasurer Mark Kleinman as a senior managing director in a bid to expand the firm.
- Marathon promotes five to partner
The New York-based alternative asset manager is expanding its partnership as it expands its core strategies.
- Apollo alum leads $1bn ‘blank cheque’ acquisition
Marathon Acquisition, headed by former Apollo exec Michael Gross, will buy a majority stake in Global Ship Lease, part of a growing trend of private equity execs drifting toward SPACS.