CVC to acquire Marathon Asset Management for $1.2bn.

CVC, a private equity and investment advisory firm, agreed to acquire Marathon Asset Management, a hedge fund focused on opportunistic investing in credit and fixed income markets globally, for $1.2bn. “This is a highly strategic transaction that accelerates our growth and reinforces the strength of our platform. Expanding credit capability in the US to complement our market-leading European platform has been a clear priority for CVC, and we are delighted to partner with Bruce, Lou, and the team. Marathon’s outstanding track record across multiple cycles, combined with its performance and investment-led culture, aligns perfectly with CVC’s approach. Together, the Marathon transaction combined with our recently announced strategic partnership with AIG, means we are even better positioned to deliver for our clients across the Institutional, Private Wealth, and rapidly growing Insurance channels," Rob Lucas, CVC CEO.