Anyone know about Maranon Capital?
So I understand that they are a combination private equity and private debt firm out of Chicago. Does anyone know anything about this firm?
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My understanding is that they only/mainly do mid-market private debt. Have seen them provide debt to PE firms for LBOs frequently. Compete with MidCap Financial, Madison Capital Funding, NXT Capital etc.
Owned by Eldridge Industries, led by former Guggenheim Partners President Todd Boehly. Also owns more than 20 percent of the Los Angeles Dodgers, as well as Dick Clark Productions, The Hollywood Reporter, and film distributor A24.
Concur somewhat to the above, but I'd characterize them more in the same boat as a THL Credit, Audax Debt, Comvest Credit, PennantPark, AEA Private Debt, etc. Flexibility to invest up and down the capital structure (senior, mezz and equity). The above poster mentioned firms that largely only focus on senior debt. By looking at their website they don't take majority equity, but they will invest minority equity in transactions either through mezz deals or as standalone minority equity.
Their site mentions the below: Revolving Line of Credit, Senior Term Debt (up to $200 million) Mezzanine Debt (up to $50 million) Equity Co-investments (up to $30 million)
Solid shop if you are looking at going into private credit given their cross capital structure flexibility as you'll get both debt and equity investing experience; alebit it won't be majority buyouts. Looks like most of their associates looking at LinkedIn all came from IB backgrounds and most went MBA business schools">M7 MBA, to a private equity shop, or stayed in private credit at another shop. Also seems like they take analysts out of undergrad, seems like a pretty unique opportunity to join a buyside firm out of school, but flexibility coming out of IB will be greater and will offer you wider exit opps. But Maranon seems like a pretty solid spot if you want to stay in middle market private credit / equity, credit hedge funds, special sits or distressed
Solid private credit shop and sharp investors. Definitely looks like they have grown the past couple years through institutional ownership from Eldridge. Flexibility to invest cross capital structure is a large differentiator, not many firms have the capability to do that. Seems like a good place to be if you're interested in private credit
Do they use a HH?
Believe they use a HH, not sure which one. However they also use PEAC (Private Equity Association of a Chicago) which is what a lot of the Chicago PE firms use.
http://www.peachicago.com/
Correct. It's best to just email them ;)
Has anyone recently interviewed for Maranon's investment team and heard back yet?
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