PAIA January In-Person Networking Event

PAIA Member Price = FREE

Non-PAIA Member Price = $30

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Event Details

Join us as we discuss the outlook for the 2023-2024 credit cycle and learn about the evolving opportunities across the public and private credit markets. We are excited to hear from Jason Friedman, Partner, Investment Committee Member & Global Head of Business Development at Marathon Asset Management, which is a $20B+ AUM investment management firm focused on opportunistic investing in credit and fixed income markets globally.

Persistent inflation and higher interest rates have created significant challenges for companies, corporate earnings outlook, and creditworthiness. The Federal Reserve, along with central banks abroad, have embarked upon a policy path of tightening financial conditions to fight inflation, collectively raising rates at the most aggressive pace in recent history. With higher interest rates and wider credit spreads, the cost of capital has begun to constrict issuer cash flow generation, dampen valuations, and limit refinancing prospects.

This credit cycle will be defined by a recession with persistent inflation that Marathon Asset Management expects will result in an enormous multi-faceted opportunity to deploy capital in both the private credit markets and dislocated secondary credit investments in the public credit markets.

Marathon’s view is informed by a number of key themes that we look forward to covering. To encourage a more insightful and active conversation, we encourage attendees to review a thoughtful whitepaper that Marathon has released, which can be found HERE.

Presenter

Jason Friedman, Partner & Global Head of Business Development

Marathon Asset Management

Jason Friedman is a Partner, Global Head of Business Development and a member of the Firm’s Executive and Investment Committees. Mr. Friedman is responsible for firmwide business development and strategy, fund structuring, and client communications for the Marathon Family of Funds. From 1996 to 2007, Mr. Friedman worked for CCMP Capital and its predecessors JP Morgan Partners, Chase Capital Partners and Chemical Venture Partners, where he was a Principal. Mr. Friedman has been engaged in all aspects of the investment process including sourcing transactions, performing complex investment analyses and diligence, developing growth and restructuring strategies in conjunction with management teams and monitoring Company performance at the Board of Director level. Prior to joining CCMP in 1996, Mr. Friedman began his career working as an investment banking analyst with Chemical Bank's Acquisition Finance and Global Loan Syndication groups. Mr. Friedman holds a BA in Public Policy and Economics, cum laude, from Duke University and his MBA with High Distinction (Baker Scholar) from the Harvard Business School.