Chicago, Ill.-based Maranon Capital, L.P. held the final close of a new senior debt fund at $330m.
Leverage was provided via a credit facility arranged and agented by SunTrust Bank.
Maranon Senior Credit Fund II will provide senior financing, mezzanine debt and equity co-investments for private equity-backed and non-sponsored middle market transactions.
Founded in 2008, Maranon currently manages over $830m of committed capital.
Led by Rich Jander, managing director, the firm also announced two new hires including:
– Anuj Aggarwal who joined the firm as an associate on the investment team, and
– Aaron Simkovich who joined the operations team as controller.
Maranon also has additional offices in Birmingham, Michigan and South Bend, Indiana.