Maranon Capital

Maranon Capital is an investment firm founded in 2007 and headquartered in Chicago, with an additional office in South Bend. The firm focuses on senior first and second lien debt, unitranche debt, mezzanine debt, and equity co‑investments in partnership with management teams and private equity sponsors. It targets middle‑market companies in North America, primarily in business services, distribution, consumer products and services, manufacturing, and healthcare products and services. Maranon typically invests in leveraged buyouts, shareholder liquidity events, recapitalizations, acquisitions, industry consolidation, corporate divestitures, growth initiatives, and ESOPs, while avoiding early‑stage, project‑based, short‑term bridge, or distressed transactions. The firm limits senior debt commitments to $200 million, mezzanine to $50 million, and equity co‑investments to $2–30 million, and seeks companies with EBITDA between $3 million and $50 million. It does not pursue control positions but may take minority equity stakes.