Eldridge Industries Acquires Majority Ownership Position in Maranon Capital
Maranon Capital, L.P. (Maranon), an investment firm focused on private credit investments in middle market companies, today announced that Eldridge Industries (Eldridge) has increased its investment in Maranon, now holding a majority ownership position.
Maranon Capital, L.P. (“Maranon”), an investment firm focused on private
credit investments in middle market companies, today announced that
Eldridge Industries (“Eldridge”) has increased its investment in
Maranon, now holding a majority ownership position. In addition to the
equity investment, affiliates of Eldridge have made further commitments
to Maranon’s platform, which will support Maranon’s ongoing strategic
initiatives, including expanding the company’s underwriting and hold
capability. Maranon’s updated Form ADV, reflecting Eldridge’s majority
ownership position, has been filed with the U.S. Securities and Exchange
Commission (“SEC”).
“Since establishing our partnership with Eldridge in 2015, we’ve
invested over $3.7 billion in 150 transactions,” said Ian Larkin,
Maranon co-founder and Managing Director. “The expanded partnership will
further advance our presence as a leader in middle market private
credit.”
Eldridge will acquire the additional stake from Maranon’s co-founder and
Managing Director Tom Gregory, who has decided to transition to an
advisory role.
“Maranon’s partners have been investing together for over 16 years,
creating a deep bench of seasoned investment professionals and driving a
service-oriented culture that we have brought to our clients over the
years,” said Gregory. “Building a highly successful business with a
solid culture based on strong values has been a distinct honor and
privilege. I believe Maranon’s team and investment platform may benefit
from the stability of a large institutional shareholder. I look forward
to continuing my involvement in an advisory role as I explore the next
phase of my career.”
Since its formation in 2015, Eldridge has taken ownership stakes in
multiple businesses in the financial services industry, including
Security Benefit, a leader in the U.S. retirement savings market;
SEC-registered investment advisers Cain International, a global real
estate company, and CBAM, a credit-focused investment management firm
with over $10.9 billion in AUM; Stonebriar Commercial Finance, a
diversified equipment finance business with approximately $2 billion in
assets; Elliott Bay, a privately held real estate investment firm
focused on healthcare properties; and Essential Properties Realty Trust,
Inc., a publicly traded equity REIT on the NYSE under “EPRT”.
About Maranon Capital
Maranon Capital, L.P. is an investment firm focused on private credit
investments. Maranon’s approach to financing middle market transactions
begins with the diverse and complementary backgrounds of its team of 35
professionals. 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 $5.0
billion of capital. For more information about Maranon Capital please
visit www.MaranonCapital.com.
About Eldridge Industries
Eldridge Industries invests across diversified industries with a focus
on media and sports, insurance, real estate development, asset lending
and financing, branded food and hospitality, and asset management
businesses. Eldridge seeks to build and grow businesses led by proven
management teams that have demonstrated leadership and experience to
scale an enterprise. The firm is headquartered in Greenwich,
Connecticut, with additional offices in Beverly Hills, New York, and
London. To learn more about Eldridge Industries please visit www.eldridge.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190204005176/en/