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Marathon promotes five to partner

The New York-based alternative asset manager is expanding its partnership as it expands its core strategies.

Marathon Asset Management has promoted five senior professionals to partner.

Jon Halpern, head of real estate; Andrew Rabinowitz, chief operating officer; Richard Ronzetti, global investment management and head of research; Steve Kim, chief investment officer of Asia; and Adam Phillips, chief investment officer of Europe, have all becom partners at the asset mangement firm.

Marathon was founded by Bruce Richards and Louis Hanover in January 1998 as an alternative asset manager focused on global credit investment opportunities and has been expanding its platforms.

Hanover said in a statement that the expansion of the partnership was the “next step” in Marathon's evolution. “We have strengthened our partnership with key representatives from our core strategies and geographies,” he added.

Last year, Halpern told PERE the firm had just opened an office in Mumbai where it had become equity partner to Indian development companies. The firm also added an office in Turkey.

Marathon has $10 billion of capital under management in areas such as bank debt, stressed debt, emerging market debt, special situations, structured finance, structured debt transactions, real estate opportunities and investments.