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.

MDCF II, LPHedge Fund · Last reported Jul 31, 2026$303MGross asset value

Form D fundraising filings

MDCF II, LP

Fund administrator CITCO FUND SERVICES (CAYMAN ISLANDS) LIMITED GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: Yes

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

Custodian JPM CHASE BANK NA NEW YORK, New York, United States Related to adviser: No

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

Provider details

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

ERNST & YOUNG, LLP
PCAOB 42

JPM CHASE BANK NA
LEI 7H6GLXDRUGQFU57RNE97

Fund details & source

Fund ID: 805-8323800448
Reported beneficial owners: 137
Minimum commitment: $10M
Form D file number: 021-488620

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 INCOME FUND, L.P.Hedge Fund · Last reported Jul 31, 2026$299MGross asset value

Form D fundraising filings

Marathon Secured Income Fund, 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 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 MIRAE ASSET SECURITIES CO., LTD SEOUL, Korea, South 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

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: 805-4950326519
Reported beneficial owners: 67
Minimum commitment: $500K
Form D file number: 021-358161

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 REIT II, LLCHedge Fund · Last reported Jul 31, 2026$286MGross asset value

Form D fundraising filings

Marathon Secured Private Strategies REIT II, LLC

Feeder funds

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

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

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

Provider details

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

ERNST & YOUNG LLP
PCAOB 1655

ERNST & YOUNG LLP
PCAOB 42

CITIBANK NA
LEI E57ODZWZ7FF32TWEFA76

MORGAN STANLEY
CRD 149777 · SEC 801-70103

Fund details & source

Fund ID: 805-8222955639
Reported beneficial owners: 210
Minimum commitment: $5M
Form D file number: 021-334124
Form D file number: 021-358872
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 STEPSTONE MASTER FUND LPHedge Fund · Last reported Jul 31, 2026$274MGross asset value

Feeder funds

MARATHON STEPSTONE FUND LP

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 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

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 1655

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: 805-3058897824
Reported beneficial owners: 4
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 ECO IV (FEEDER) LPHedge Fund · Last reported Oct 8, 2020$261MGross asset value

Form D fundraising filings

Marathon ECO IV (Feeder) LP

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

Marketer SHELTER ROCK CAPITAL GROUP LLC NEW YORK, New York, United States Related to adviser: No

Provider details

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

ERNST & YOUNG LLP
PCAOB 42

CITIBANK NA
LEI E57ODZWZ7FF32TWEFA76

SHELTER ROCK CAPITAL GROUP LLC
CRD 156753 · SEC 8-68818

Fund details & source

Fund ID: 805-5840084944
Reported beneficial owners: 6
Minimum commitment: $10M
Form D file number: 021-369779

Form ADV 1460139 · Oct 8, 2020 · 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 STRATEGIC OPPORTUNITIES PROGRAM, LPHedge Fund · Last reported Jul 31, 2026$257MGross 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 HSBC BANK USA 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

HSBC BANK USA
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: 805-4138358914
Reported beneficial owners: 2
Minimum commitment: $300K

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 AVIATION FUND, LPHedge Fund · Last reported Jul 31, 2026$216MGross asset value

Form D fundraising filings

Marathon Aviation Fund, 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 NEW YORK, New York, United States

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

Provider details

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

ERNST & YOUNG LLP
PCAOB 42

J.P. MORGAN CHASE BANK NA
LEI 7H6GLXDRUGQFU57RNE97

Fund details & source

Fund ID: 805-2875178830
Reported beneficial owners: 26
Minimum commitment: $5M
Form D file number: 021-313803

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.