Maranon Capital closes $330 mln for second credit fund

Maranon Capital has raised $330 million in its final close for its second credit fund. Leverage was provided via a loan arranged and agented by SunTrustBank. Also, Maranon has named Anuj Aggarwal as an associate on the investment team and Aaron Simkovich as a controller to the firm operations team. Headquartered in Chicago, Maranon Capital provides senior financing, mezzanine debt and equity co-investments for private equity-backed and non-sponsored middle market transactions.

PRESS RELEASE

Maranon Capital, L.P. today announced a final close of Maranon Senior Credit Fund II at its target level of $330 million. Leverage was provided via a credit facility arranged and agented by SunTrust Bank.
“The successful close of Senior Credit Fund II represents an exciting opportunity to expand the scale and range of financing solutions Maranon can offer” commented Rich Jander, a managing director of the firm. “Since 2008, Maranon has provided more than $600 million of senior financing to companies backed by many of the top-tier private equity firms in the middle market. We now have meaningful incremental capacity for additional senior term, unitranche and second lien transactions.” Jander also noted that Maranon has already begun deploying capital out of the new fund with the close of four new senior debt investments.
In addition, Maranon announced two new hires including Anuj Aggarwal who joined the firm as an associate on the investment team, and Aaron Simkovich who joined Maranon’s operations team as controller.
Aggarwal joins Maranon from BMO Capital Markets where he was a member of the leveraged finance and investment banking groups. He earned his B.S. in Finance with honors from the University of Illinois.
As controller, Simkovich leads Maranon’s accounting function where he is responsible for managing external audits as well as loan operations and financial analysis. Prior to joining Maranon, Simkovich was with TA Associates and State Street Corp. He earned an M.B.A. from Boston University School of Management and a B.A. in economics from Yeshiva University.
About Maranon Capital
Maranon Capital, L.P. provides senior financing, mezzanine debt and equity co-investments for private equity-backed and non-sponsored middle market transactions. Maranon currently manages over $830 million of committed capital. The firm is headquartered in Chicago with additional offices in Birmingham, Michigan and South Bend, Indiana. For more information about Maranon Capital please visit www.maranoncapital.com.