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Maranon Capital closes second credit fund on $330m target, makes two new hires

31 Oct 2013

dollars roll_sqChicago-headquartered debt provider Maranon Capital has held a final close for its second senior credit fund on its $330m target.

The firm has also announced the hires of associate Anuj Aggarwal from BMO Capital Markets and controller Aaron Simkovich, who previously worked for TA Associates and State Street.

Managing director Rich Jander said the firm had already begun investing from the new fund through the closure of four senior debt investments.

He said, “The successful close of Senior Credit Fund II represents an exciting opportunity to expand the scale and range of financing solutions Maranon can offer.

“Since 2008, Maranon has provided more than $600m of senior financing to companies backed by many of the top-tier private equity firms in the middle market.

“We now have meaningful incremental capacity for additional senior term, unitranche and second lien transactions.”

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