Maranon raises $350m for new CLO

Maranon Capital LP has closed its fifth middle-market collateralized loan obligation at $350 million.

Maranon Capital LP has closed its fifth middle-market collateralized loan obligation at $350 million. Maranon Loan Funding 2020-1 will primarily invest in leveraged loans to middle- market, private equity-backed companies.

PRESS RELEASE

CHICAGO–(BUSINESS WIRE)–Maranon Capital, L.P. (“Maranon”) announced the closing of Maranon Loan Funding 2020-1, Ltd., a $350 million collateralized loan obligation (“CLO”). This represents the fifth CLO issued by Maranon.

Maranon Loan Funding 2020-1 will primarily invest in leveraged loans to middle market, private equity-backed companies. The transaction was structured to comply with U.S. risk-retention requirements and has a one-year non-call period and a three-year reinvestment period.

About Maranon Capital, L.P.
Maranon Capital, L.P. is an investment firm focused on private credit investments. Maranon’s competitive edge is its multi-product strategies that span the balance sheet with value-added financing and equity co-investments. Since 2008, Maranon has committed over $7.6 billion of capital. For more information about Maranon Capital, please visit www.maranoncapital.com.