Marathon Asset Management and Webster Bank form private credit venture

The partnership is yet another in a raft of link-ups between a bank and a private credit manager in the last year.

In yet another partnership between a private credit manager and a bank, Marathon Asset Management and Webster Bank have formed a private credit venture to deliver direct lending services to sponsor-owned companies in the core mid-market.

The partnership serves as an opportunity for Marathon to build out a larger origination network, and for Webster to tap into demand for private credit.