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Marathon Management Partners
Marathon Management Partners is an SEC-registered investment adviser in New York, NY, registered since 2013. The firm manages $120 million in regulatory...
Marathon Management Partners
Marathon Management Partners is an SEC-registered investment adviser in New York, NY, registered since 2013. The firm manages $120 million in regulatory assets. It has 3 employees and 3 investment advisers.
General information
Firm type
Private Equity
Year founded
2013
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Louis A. Nunez
Managing Partner
Sector focus
Frequently asked questions
Who makes investment decisions at Marathon Management Partners?
Louis Nunez, the firm's founder and Managing Partner, is the primary decision-maker. Marathon does not disclose a formal investment committee beyond Nunez, which is consistent with its lean operating structure. Prior to founding Marathon in 2013, Nunez was a principal at The Riverside Company, where he focused on software and technology buyouts.
What size companies does Marathon Management Partners typically acquire?
Marathon targets North American lower-middle-market businesses with $2 million to $5 million in EBITDA. The firm invests in control equity positions, often as the sole institutional investor, and focuses on enterprise software and tech-enabled services. This size bracket is frequently bypassed by larger private equity funds chasing platform deals above $10 million in EBITDA.
Is Marathon Management Partners raising capital continuously or through discrete funds?
Marathon has not publicly disclosed the structure of its fundraising. The firm's small team and concentrated portfolio suggest a deal-by-deal or pledge-fund model rather than blind-pool fund cycles, but no regulatory filings or press releases confirm the exact arrangement.
Does Marathon Management Partners invest outside the United States?
No. The firm's stated investment mandate is limited to North America, and all known activity has been domestic. Marathon does not maintain offices outside of New York.
What sectors does Marathon Management Partners explicitly avoid?
The firm explicitly avoids capital-intensive industries such as manufacturing, energy, and hard-asset infrastructure. Marathon also does not invest in early-stage venture capital, biotech, or consumer-facing businesses. Its focus is exclusively on business-to-business software and tech-enabled business services.
What is Marathon's approach to debt in its acquisitions?
Marathon emphasizes operational value creation over financial leverage. The firm's lower-middle-market targets typically support only moderate debt levels, and Nunez's background at Riverside involved operational improvement plans rather than recapitalization strategies. The firm has not disclosed any dividend recapitalizations in its portfolio.
Does Marathon Management Partners co-invest alongside other private equity firms?
Marathon typically invests as the sole institutional sponsor or lead in its acquisitions, consistent with its stated preference for control positions in companies under $5 million EBITDA. The firm has not publicized any club deals, co-investment vehicles, or joint ventures with other PE firms.
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