Commenting on the close, Tom Gregory, Managing Director and Co-Founder of Maranon Capital, was quoted as saying: “In a very challenging fundraising environment, we garnered significant interest from top tier institutional limited partners. We are grateful for their support and look forward to building a long and mutually rewarding relationship with each of them”.
Limited partners in the fund include a diverse group of public and corporate pension plans, insurance companies, family offices and individuals.
In combination with Maranon Senior Notes LLC, Maranon now has approximately $557m of committed capital under management.
The firm has offices in Chicago, Illinois and Birmingham, Michigan.