Products
Integrations
Services
Company
FUNDRAISING NEWS | January 28, 2025
Wayne County Employees Retirement System said it allocated an additional $5M to Marathon Asset Management as manager in its fixed income CMBS bonds portfolio, according to its recently published December 16, 2024, meeting minutes.
Dakota reported in August last year that Wayne County retained Marathon as manager within the CMBS bonds portfolio to fulfill a $20M mandate. After the follow-on, the pension now brings its total commitment within the mandate to $25M, with the increment $5M allocated to Marathon Dislocation Fund. General consultant Titan Wealth Advisors recommended the increased investment.
Apart from the fixed income commitment, Wayne County also previously made a separate $25M investment in Marathon’s second-generation opportunistic credit fund last year, as reported by Dakota on September 20, 2024. The Michigan-based pension currently manages a $1.3B portfolio.
Written By: Dakota
April 12, 2024
July 19, 2024
December 07, 2023
925 West Lancaster Ave
Suite 220
Bryn Mawr, PA 19010
Tel: (610) 642-1481
© Dakota 2024 | Terms of Use | Privacy Policy | California Privacy Policy