Marathon

Marathon Asset Management recently held a first close reportedly on $400m for PPIP, leaving Oaktree as the last firm to reach the benchmark.

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.

The New York-based alternative asset manager is expanding its partnership as it expands its core strategies.

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.

The property arm of the New York-based hedge fund has filed documents for a $200m publicly traded REIT focused on investments in real estate debt.

Bridgepoint exits the Marathon Group, the French TV production company, through a sale to trade buyer De Agostini. It had built up the company through a buy and build strategy over the last nine years.

Bridgepoint exits the Marathon Group, the French TV production company, through a sale to trade buyer De Agostini. It had built up the company through a buy and build strategy over the last nine years.

Bridgepoint exits the Marathon Group, the French TV production company, through a sale to trade buyer De Agostini. It had built up the company through a buy and build strategy over the last nine years.

From 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.

The $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.

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.

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.

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.

The New York-based private equity firm has added Adam Aron, a ten-year veteran of former Apollo portfolio company Vail Resorts, to its roster as a senior operating partner.

Former Apollo partner Michael Gross has filed to take public a ‘blank check’ special purpose acquisition vehicle with a target of $300m, a unique next step for a veteran private equity GP.