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 ASSET-BASED LENDING MASTER FUND IV C, L.P.Hedge Fund · Last reported Jul 31, 2026$1.13BGross asset value

Feeder funds

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 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: 805-3256804900
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 SECURITIZED CREDIT MASTER FUND, LTDHedge Fund · Last reported Jul 31, 2026$740MGross asset value

Feeder funds

Fund administrator CITCO FUND SERVICES (CAYMAN ISLANDS), LTD 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 BANK OF AMERICA, NA NEW YORK, New York, United States Related to adviser: No

Custodian BANK UNITED MIAMI, Florida, United States Related to adviser: No

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

Custodian CITCO BANK AND TRUST GRAND CAYMAN, Cayman Islands 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 LARRAIN VIAL INVESTMENT INC SANTIAGO, Chile Related to adviser: No

Marketer MIRAE ASSET SECURITIES CO., LTD. SEOUL, Korea, South 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 1655

ERNST & YOUNG LLP
PCAOB 42

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: 805-2753218081
Reported beneficial owners: 34
Minimum commitment: $1M
Form D file number: 021-154883
Form D file number: 021-154889

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 BLUE GRASS CREDIT FUND, LPHedge Fund · Last reported Jul 31, 2026$709MGross asset value

Fund administrator CITCO FUND SERVICES (CAYMAN ISLANDS) INC. 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

Custodian CITIBANK N.A. 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

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

CITIBANK N.A.
LEI E57ODZWZ7FF32TWEFA76

J.P. MORGAN SECURITIES LLC
SEC 8-35008

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

Fund details & source

Fund ID: 805-5622686803
Reported beneficial owners: 3
Minimum commitment: $40M

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 II A, L.P.Hedge Fund · Last reported Jul 31, 2026$708MGross asset value

Feeder funds

MARATHON SECURED PRIVATE STRATEGIES OFFSHORE FUND II, L.P.
MARATHON SECURED PRIVATE STRATEGIES FUND II, L.P. (SERIES A)
MSPS INTERMEDIATE OFFSHORE FUND II, 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

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 MIRAE ASSET SECURITIES CO., LTD. SEOUL, Korea, South 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

MORGAN STANLEY
CRD 149777 · SEC 801-70103

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

Fund details & source

Fund ID: 805-6203261975
Reported beneficial owners: 210
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 MORNINGTON FUND L.P. - AHedge Fund · Last reported Jul 31, 2026$656MGross asset value

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

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

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

CITIBANK NA
LEI E57ODZWZ7FF32TWEFA76

J.P. MORGAN SECURITIES LLC
SEC 8-35008

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

Fund details & source

Fund ID: 805-4747545498
Reported beneficial owners: 1
Minimum commitment: $35M

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.

TRS CREDIT FUND, LPHedge Fund · Last reported Jul 31, 2026$656MGross 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 BARCLAYS CAPITAL INC. NEW YORK, New York, United States Related to adviser: No

Custodian HSBC PRIVATE BANK 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

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: No

ERNST & YOUNG LLP
PCAOB 42

BARCLAYS CAPITAL INC.
SEC 8-41342

HSBC PRIVATE BANK
LEI MP6I5ZYZBEU3UXPYFY54

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: 805-4102194459
Reported beneficial owners: 5
Minimum commitment: $0

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 B, L.P.Hedge Fund · Last reported Jul 31, 2026$628MGross asset value

Feeder funds

MARATHON SECURED PRIVATE STRATEGIES FUND III, L.P.
MARATHON SECURED PRIVATE STRATEGIES OFFSHORE FUND III, L.P.
MSPS INTERMEDIATE FUND 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: 805-7900588592
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.

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.