Maranon Capital Closes New Senior Debt Fund and Expands Team
CHICAGO -- October 30, 2013
Maranon Capital, L.P. today announced a final close of Maranon Senior Credit
Fund II at its target level of $330 million. Leverage was provided via a
credit facility arranged and agented by SunTrust Bank.
“The successful close of Senior Credit Fund II represents an exciting
opportunity to expand the scale and range of financing solutions Maranon can
offer,” commented Rich Jander, a managing director of the firm. “Since 2008,
Maranon has provided more than $600 million of senior financing to companies
backed by many of the top-tier private equity firms in the middle market. We
now have meaningful incremental capacity for additional senior term,
unitranche and second lien transactions.” Jander also noted that Maranon has
already begun deploying capital out of the new fund with the close of four new
senior debt investments.
In addition, Maranon announced two new hires including Anuj Aggarwal who
joined the firm as an associate on the investment team, and Aaron Simkovich
who joined Maranon’s operations team as controller.
Aggarwal joins Maranon from BMO Capital Markets where he was a member of the
leveraged finance and investment banking groups. He earned his B.S. in Finance
with honors from the University of Illinois.
As controller, Simkovich leads Maranon’s accounting function where he is
responsible for managing external audits as well as loan operations and
financial analysis. Prior to joining Maranon, Simkovich was with TA Associates
and State Street Corp. He earned an M.B.A. from Boston University School of
Management and a B.A. in economics from Yeshiva University.
About Maranon Capital
Maranon Capital, L.P. provides senior financing, mezzanine debt and equity
co-investments for private equity-backed and non-sponsored middle market
transactions. Maranon currently manages over $830 million of committed
capital. The firm is headquartered in Chicago with additional offices in
Birmingham, Michigan and South Bend, Indiana. For more information about
Maranon Capital please visit www.maranoncapital.com.
Maranon Capital, L.P.
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