Maranon Closes Eleventh Middle Market CLO
CHICAGO--(BUSINESS WIRE)-- Maranon Capital, L.P. (“Maranon”) announced the closing of Maranon Loan Funding 2023-2, Ltd., a $400 million collateralized loan obligation (“CLO”). This represents the eleventh CLO issued by Maranon.
Maranon Loan Funding 2023-2 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 two-year non-call period and a four-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 2007, Maranon has committed over $11 billion of capital. For more information about Maranon Capital, please visit www.maranoncapital.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20231221609410/en/
Angelica Mariscal
[email protected]
Source: Maranon Capital, L.P.
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