Eldridge Industries increased its investment in Maranon Capital, an investment firm focused on private credit investments in middle market companies, and is now holding a majority ownership position. Financial terms were not disclosed. 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. 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. “Since establishing our partnership with Eldridge in 2015, we’ve invested over $3.7bn 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.”