Investment adviser · CRD 124613

MARATHON ASSET MANAGEMENT, L.P.

Investment adviser filing (IA)

NEW YORK, NY, United States · Form ADV filed Jul 31, 2026

Regulatory AUM: $30.5B
Client accounts: 141
Employees: 193
Advisory professionals: 99

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Pooled investment vehicles	111	$27,039,217,760	88.7%
Investment companies	8	$1,164,060,415	3.8%
Other investment advisers	12	$1,026,903,767	3.4%
Government entities	6	$568,792,860	1.9%
Insurance companies	Fewer than 5	$534,143,642	1.8%
Charities	Fewer than 5	$75,730,776	0.2%
Retirement plans	Fewer than 5	$70,624,341	0.2%

Filing source

Form ADV 2095174 · Jul 31, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

50+ Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

Browse the first 49 funds across 7 pages.

MARATHON CENTRE STREET PARTNERSHIP, LPHedge Fund · Last reported Jul 31, 2026$1.94BGross asset value

Fund administrator CITCO FUND SERVICES (USA) INC. JERSEY CITY, New Jersey, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP NEW YORK, New York, United States

Custodian BNY MELLON CAPITAL MARKETS, LLC PITTSBURGH, Pennsylvania, United States Related to adviser: No

Custodian DEUTSCHE BANK LONDON, United Kingdom Related to adviser: No

Custodian HSBC PRIVATE BANK NEW YORK, New York, United States Related to adviser: No

Custodian J.P. MORGAN CHASE BANK N.A./CTC DALLAS, Texas, United States Related to adviser: No

Custodian J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States Related to adviser: No

Prime broker J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

ERNST & YOUNG LLP
PCAOB 42

BNY MELLON CAPITAL MARKETS, LLC
SEC 8-35255

HSBC PRIVATE BANK
LEI MP6I5ZYZBEU3UXPYFY54

J.P. MORGAN SECURITIES LLC
SEC 8-35008

J.P. MORGAN SECURITIES LLC
CRD 79 · SEC 8-35008

Fund details & source

Fund ID: 805-4343604513
Reported beneficial owners: 17
Minimum commitment: $30M

Form ADV 2095174 · Jul 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

MARATHON SECURED PRIVATE STRATEGIES MASTER FUND III A, L.P.Hedge Fund · Last reported Jul 31, 2026$1.79BGross asset value

Feeder funds

MARATHON SECURED PRIVATE STRATEGIES FUND III, L.P.
MARATHON SECURED PRIVATE STRATEGIES OFFSHORE FUND III, L.P.
MSPS INTERMEDIATE OFFSHORE FUND III, L.P.

Fund administrator CITCO FUND SERVICES (CAYMAN ISLANDS) LIMITED GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP GRAND CAYMAN, Cayman Islands

Auditor ERNST & YOUNG LLP NEW YORK, New York, United States

Custodian CITIBANK NA NEW YORK, New York, United States Related to adviser: No

Custodian J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States Related to adviser: No

Marketer ACOLIN EUROPE AG LUXEMBOURG, Luxembourg Related to adviser: No

Marketer GLOBAL FUND DISTRIBUTION LTD. BNEY BRAK, Israel Related to adviser: No

Marketer LPL FINANCIAL LLC FORT MILL, South Carolina, United States Related to adviser: No

Marketer MORGAN STANLEY NEW YORK, New York, United States Related to adviser: No

Prime broker J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

ERNST & YOUNG LLP
PCAOB 1655

CITIBANK NA
LEI E57ODZWZ7FF32TWEFA76

J.P. MORGAN SECURITIES LLC
SEC 8-35008

LPL FINANCIAL LLC
CRD 6413 · SEC 801-10970

MORGAN STANLEY
CRD 149777 · SEC 801-70103

J.P. MORGAN SECURITIES LLC
CRD 79 · SEC 8-35008

Fund details & source

Fund ID: 805-3378450309
Reported beneficial owners: 443
Minimum commitment: $5M
Form D file number: 021-334124
Form D file number: 021-365346

Form ADV 2095174 · Jul 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

MARATHON DISTRESSED CREDIT MASTER FUNDHedge Fund · Last reported Jul 31, 2026$1.75BGross asset value

Feeder funds

MARATHON DISTRESSED CREDIT FUND, LP
MARATHON DISTRESSED CREDIT (EUROPE) FUND
MARATHON DISTRESSED CREDIT INTERMEDIATE FUND

Fund administrator CITCO FUND SERVICES (CAYMAN ISLANDS) LIMITED GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Fund administrator CITCO FUND SERVICES (IRELAND) LIMITED DUBLIN, Ireland Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG CHARTERED ACCOUNTANTS DUBLIN, Ireland

Auditor ERNST & YOUNG LLP NEW YORK, New York, United States

Custodian BARCLAYS CAPITAL INC. NEW YORK, New York, United States Related to adviser: No

Custodian J.P.MORGAN CHASE NA NEW YORK, New York, United States Related to adviser: No

Custodian J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States Related to adviser: No

Marketer GLOBAL FUND DISTRIBUTION LTD. BNEY BRAK, Israel Related to adviser: No

Marketer LARRAIN VIAL INVESTMENT INC SANTIAGO, Chile Related to adviser: No

Marketer MIRAE ASSET SECURITIES CO. LTD. SEOUL, Korea, South Related to adviser: No

Marketer SKANDINAVISKA ENSKILDA BANKEN AB (PUBL) STOCKHOLM, Sweden Related to adviser: No

Prime broker BARCLAYS CAPITAL INC. NEW YORK, New York, United States

Prime broker J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

ERNST & YOUNG CHARTERED ACCOUNTANTS
PCAOB 1411

ERNST & YOUNG LLP
PCAOB 42

BARCLAYS CAPITAL INC.
SEC 8-41342

J.P.MORGAN CHASE NA
LEI 7H6GLXDRUGQFU57RNE97

J.P. MORGAN SECURITIES LLC
SEC 8-35008

BARCLAYS CAPITAL INC.
CRD 19714 · SEC 8-41342

J.P. MORGAN SECURITIES LLC
CRD 79 · SEC 8-35008

Fund details & source

Fund ID: 805-8479158010
Reported beneficial owners: 413
Minimum commitment: $1M
Form D file number: 021-357145

Form ADV 2095174 · Jul 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

MARATHON DISLOCATION MASTER FUND, L.P.Hedge Fund · Last reported Jul 31, 2026$1.67BGross asset value

Feeder funds

Fund administrator CITCO FUND SERVICES (CAYMAN ISLANDS) LIMITED CAMANA BAY, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP NEW YORK, New York, United States

Auditor ERNST & YOUNG LLP GRAND CAYMAN, Cayman Islands

Custodian BARCLAYS CAPITAL INC. NEW YORK, New York, United States Related to adviser: No

Custodian CITIBANK NA NEW YORK, New York, United States Related to adviser: No

Custodian J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States Related to adviser: No

Marketer CITI PRIVATE ALTERNATIVES, LLC BOSTON, Massachusetts, United States Related to adviser: No

Marketer GLOBAL FUND DISTRIBUTION LTD. BNEY BRAK, Israel Related to adviser: No

Prime broker BARCLAYS CAPITAL INC. NEW YORK, New York, United States

Prime broker J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

ERNST & YOUNG LLP
PCAOB 42

ERNST & YOUNG LLP
PCAOB 1655

BARCLAYS CAPITAL INC.
SEC 8-41342

CITIBANK NA
LEI E57ODZWZ7FF32TWEFA76

J.P. MORGAN SECURITIES LLC
SEC 8-35008

BARCLAYS CAPITAL INC.
CRD 19714 · SEC 8-41342

J.P. MORGAN SECURITIES LLC
CRD 79 · SEC 8-35008

Fund details & source

Fund ID: 805-8697592381
Reported beneficial owners: 179
Minimum commitment: $5M
Form D file number: 021-515378
Form D file number: 021-515384

Form ADV 2095174 · Jul 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

MARATHON SECURED PRIVATE STRATEGIES MASTER FUND III C, L.P.Hedge Fund · Last reported Jul 31, 2026$1.67BGross asset value

Feeder funds

MARATHON SECURED PRIVATE STRATEGIES FUND III, L.P.
MARATHON SECURED PRIVATE STRATEGIES OFFSHORE FUND III, L.P.
MARATHON SECURED PRIVATE STRATEGIES REIT III, LLC

Fund administrator CITCO FUND SERVICES (CAYMAN ISLANDS) LIMITED GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP NEW YORK, New York, United States

Auditor ERNST & YOUNG LLP GRAND CAYMAN, Cayman Islands

Custodian CITIBANK NA NEW YORK, New York, United States Related to adviser: No

Custodian J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States Related to adviser: No

Marketer ACOLIN EUROPE AG LUXEMBOURG, Luxembourg Related to adviser: No

Marketer GLOBAL FUND DISTRIBUTION LTD. BNEY BRAK, Israel Related to adviser: No

Marketer LPL FINANCIAL LLC FORT MILL, South Carolina, United States Related to adviser: No

Marketer MORGAN STANLEY NEW YORK, New York, United States Related to adviser: No

Prime broker J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

ERNST & YOUNG LLP
PCAOB 42

ERNST & YOUNG LLP
PCAOB 1655

CITIBANK NA
LEI E57ODZWZ7FF32TWEFA76

J.P. MORGAN SECURITIES LLC
SEC 8-35008

LPL FINANCIAL LLC
CRD 6413 · SEC 801-10970

MORGAN STANLEY
CRD 149777 · SEC 801-70103

J.P. MORGAN SECURITIES LLC
CRD 79 · SEC 8-35008

Fund details & source

Fund ID: 805-3715811017
Reported beneficial owners: 443
Minimum commitment: $5M
Form D file number: 021-334124
Form D file number: 021-365346

Form ADV 2095174 · Jul 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

MARATHON ASSET-BASED LENDING MASTER FUND IV A, L.P.Hedge Fund · Last reported Jul 31, 2026$1.37BGross asset value

Feeder funds

MARATHON ASSET-BASED LENDING FUND IV, L.P.
MARATHON ASSET-BASED LENDING OFFSHORE FUND IV, L.P.
MABL INTERMEDIATE OFFSHORE FUND IV, L.P.

Fund administrator CITCO FUND SERVICES (CAYMAN ISLANDS) LIMITED GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Fund administrator CITCO FUND SERVICES (USA) INC JERSEY CITY, New Jersey, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP NEW YORK, New York, United States

Auditor ERNST & YOUNG LLP GRAND CAYMAN, Cayman Islands

Custodian CITIBANK NA NEW YORK, New York, United States Related to adviser: No

Custodian J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States Related to adviser: No

Marketer GLOBAL FUND DISTRIBUTION LTD. BNEY BRAK, Israel Related to adviser: No

Marketer LARRAIN VIAL INVESTMENT INC SANTIAGO, Chile Related to adviser: No

Marketer MORGAN STANLEY NEW YORK, New York, United States Related to adviser: No

Marketer MORGAN STANLEY MUFG SECURITIES CO., LTD. TOKYO, Japan Related to adviser: No

Prime broker J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

ERNST & YOUNG LLP
PCAOB 42

ERNST & YOUNG LLP
PCAOB 1655

CITIBANK NA
LEI E57ODZWZ7FF32TWEFA76

J.P. MORGAN SECURITIES LLC
SEC 8-35008

MORGAN STANLEY
CRD 149777 · SEC 801-70103

J.P. MORGAN SECURITIES LLC
CRD 79 · SEC 8-35008

Fund details & source

Fund ID: 805-2948501697
Reported beneficial owners: 204
Minimum commitment: $5M
Form D file number: 021-545056
Form D file number: 021-545058

Form ADV 2095174 · Jul 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

MARATHON ASSET-BASED LENDING MASTER FUND IV B, L.P.Hedge Fund · Last reported Jul 31, 2026$1.21BGross asset value

Feeder funds

MARATHON ASSET-BASED LENDING FUND IV, L.P.
MARATHON ASSET-BASED LENDING OFFSHORE FUND IV, L.P.
MABL INTERMEDIATE FUND IV, LLC

Fund administrator CITCO FUND SERVICES (CAYMAN ISLANDS) LIMITED GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP NEW YORK, New York, United States

Auditor ERNST & YOUNG LLP GRAND CAYMAN, Cayman Islands

Custodian J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States Related to adviser: No

Marketer GLOBAL FUND DISTRIBUTION LTD. BNEY BRAK, Israel Related to adviser: No

Marketer LARRAIN VIAL INVESTMENT INC SANTIAGO, Chile Related to adviser: No

Marketer MORGAN STANLEY NEW YORK, New York, United States Related to adviser: No

Marketer MORGAN STANLEY MUFG SECURITIES CO., LTD. TOKYO, Japan Related to adviser: No

Prime broker J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

ERNST & YOUNG LLP
PCAOB 42

ERNST & YOUNG LLP
PCAOB 1655

J.P. MORGAN SECURITIES LLC
SEC 8-35008

MORGAN STANLEY
CRD 149777 · SEC 801-70103

J.P. MORGAN SECURITIES LLC
CRD 79 · SEC 8-35008

Fund details & source

Fund ID: 805-1203709118
Reported beneficial owners: 204
Minimum commitment: $5M
Form D file number: 021-545056
Form D file number: 021-545058

Form ADV 2095174 · Jul 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Jul 31, 2026. View historical filings

Reported services

Investment company portfolio management · Pooled investment vehicle management · Business portfolio management

Compensation

Percentage of assets · Performance-based

Principal office

ONE BRYANT PARK, 38TH FLOOR
NEW YORK, NY, 10036, United States

CRD 124613

Filing source

Form ADV 2095174 · Jul 31, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.