Reported 12 months ago
Marathon Asset Management and Webster Financial Corp. are close to forming a private credit partnership, joining other direct lenders and traditional banks in the $1.7 trillion asset class. The agreement is expected to be announced soon, with Marathon hiring Brian Dolan as a managing director for its direct lending team. Similar joint ventures in private credit include Stifel Financial Corp. with Lord Abbett & Co., Barclays Plc with AGL Credit Management, PNC Financial Services Group Inc. with TCW Group Inc., and Raymond James with Eldridge Industries.
Source: YAHOO