Webster Bank And Marathon Asset Management Announce Private Credit Joint Venture, Which Will Deliver Direct Lending Solutions To Sponsor-Backed Middle Market Companies

Synergistic and strategic partnership will finance middle market companies of private equity sponsors

Webster Financial Corporation, the holding company for Webster Bank, N.A. ("Webster Bank"), a top performing commercial bank with $76 billion in assets, and Marathon Asset Management, L.P. ("Marathon"), a leading global credit manager with $23 billion in assets under management, today announced they are forming a private credit joint venture, which will deliver direct lending solutions to sponsor-backed middle market companies.