AltStreet
SEC filing record
Primary Source · SEC.gov

Marathon Opportunistic Credit Fund III, LP

Fund Vehicle2026 vintage506(b), 3(c)
Latest signalNew Form D filerForm D · 2026-10-21Last filing 2026-10-21

Raised

Pre-open

Investors

—

Min Invest

$10,000,000

AltStreet Analysis

·

Generated from EDGAR primary sources

Marathon Opportunistic Credit Fund III, LP is a Delaware pooled investment fund vehicle filed by Marathon Asset Management, L.P. via its affiliated GP, Marathon Opportunistic Credit Fund III GP, LLC. The filing is pre-open with no capital raised, investor count, or first sale date yet disclosed, a $10.0M stated minimum investment, and relies on Rule 506(b) combined with the Section 3(c) Investment Company Act exclusion. No parent platform or sibling Marathon entities are currently matched in the database despite the 'Fund III' designation.

This filing sits at the institutional end of the alternative credit fund category, evidenced by the $10.0M minimum investment and combined 506(b)/3(c) exemption structure typical of private credit funds marketed exclusively to qualified institutional investors. The pre-open status with no disclosed raise or investor count is standard for a newly launched fund of this type ahead of its first closing.

Data Flags

Minimum InvestmentMinimum investment of $10.0M is very high, consistent with an institutional-only private credit vehicle rather than a retail or small-check fund.
ExemptionFiling combines Rule 506(b) with a Section 3(c) Investment Company Act exclusion, a standard pairing for private funds restricting sales to accredited/qualified investors rather than a dual-registration irregularity.
Related EntitiesEntity is named 'Fund III' implying prior Marathon Opportunistic Credit Fund I and II vehicles, but no sibling or predecessor entities are currently matched in the database.

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0002158567
Entity NameMarathon Opportunistic Credit Fund III, LP
ExemptionRule 506(b), Section 3(c), Section 3(c)(7)
What the exemption meansRule 506(b) of Regulation D: securities may be sold to an unlimited number of accredited investors and up to 35 non-accredited investors who meet the rule's sophistication standard, without general solicitation or advertising. Section 3(c) of the Investment Company Act of 1940: the issuer is a pooled investment vehicle relying on an exclusion from registration as an investment company. Section 3(c)(7) of the Investment Company Act: the fund is excluded from investment-company registration because every investor is a qualified purchaser, generally an individual with at least $5 million in investments or an institution with at least $25 million.
Entity TypeLimited Partnership
Jurisdiction of OrganizationDelaware
Year Organized2026
Issuer AddressOne Bryant Park, 38th Floor, New York, NY 10036
Phone(212) 500-3000
Industry / Fund TypePooled Investment Fund · Private Equity Fund
Investment Company ActExcluded under Section 3(c)(7) (qualified purchasers only)
Securities TypePooled Investment Fund
First Sale DateNot yet occurred (as filed)
Filing DateOctober 21, 2026
Accession Number0002158567-26-000001
Total Offering AmountIndefinite
Total Amount Sold$0 (no sales yet)
Total Investors0 (no sales yet)
Non-Accredited InvestorsNone
Minimum Investment$10,000,000
Offering DurationIntended to last more than one year
Sales Commissions$0 (to CVC Funding, LLC)
Finders' Fees$0
Proceeds to Related Persons$0
Revenue RangeDecline to Disclose
State (Issuer Address)NY
Amendment CountOriginal filing only
Signed ByAnne Campbell, Chief Compliance Officer of the Investment Manager

Filings on Record

Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.

DOctober 21, 2026

In the Terminal

Filing events

1

latest Oct 21, 2026

Critical / warning

0 / 0

0 watch · 1 info

Statements extracted

0

none on file

NAV prints

0

none on file

Offering chains

1

pre_sale

Latest event New filer · Oct 21, 2026

SEC.gov
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Fund family Part of the Marathon Opportunistic Credit Fund family: 2 vehicles across 1 generation · full family and the filing behind each link in the terminal

Investor

  • The full fund family and any related vehicles (parallel, feeder, successor, sibling series) with the filing that shows each link
  • 1 filing event with values and deltas, latest 2026-10-21, and alerts on the next one
  • 1 offering timeline: velocity, share raised, first-sale lag, stalled flags

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Related Persons (Form D)

Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.

n/a Marathon Opportunistic Credit Fund III GP, LLC

Promoter · New York, NY

n/a Marathon Asset Management, L.P.

Executive Officer · New York, NY

Bruce Richards

Executive Officer · New York, NY

Louis Hanover

Executive Officer · New York, NY

Jamie Raboy

Executive Officer · New York, NY

Edward Cong

Executive Officer · New York, NY

Andrew Springer

Executive Officer · New York, NY

Joseph Griffin

Executive Officer · New York, NY

Jeff Jacob

Executive Officer · New York, NY

Randy Raisman

Executive Officer · New York, NY

Alex Howell

Executive Officer · New York, NY

Curtis Lueker

Executive Officer · New York, NY

Placement Agents and Sales Compensation (Form D)

Who the issuer reported paying to sell the securities (Form D Item 12), with the FINRA registration number the filer gave. Source: SEC.gov.

CVC Funding, LLCCRD 277056 on BrokerCheck

New York, NY · Soliciting in all states

Questions About Marathon Opportunistic Credit Fund III, LP

Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.

What is Marathon Opportunistic Credit Fund III, LP?

Marathon Opportunistic Credit Fund III, LP is a Delaware limited partnership organized in 2026 that filed a Form D with the SEC on October 21, 2026 as a private equity fund. The filing claims Rule 506(b), Section 3(c), Section 3(c)(7) for an offering of pooled investment fund interests.

Is Marathon Opportunistic Credit Fund III, LP legit?

AltStreet does not rate legitimacy; it reports the public record. Marathon Opportunistic Credit Fund III, LP filed a Form D with the SEC on October 21, 2026 claiming Rule 506(b), Section 3(c), Section 3(c)(7). A Form D is a notice of an exempt offering, not a review or approval of it. No sales had been reported as of that notice. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.

Is Marathon Opportunistic Credit Fund III, LP registered with or approved by the SEC?

No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that Marathon Opportunistic Credit Fund III, LP claimed Rule 506(b), Section 3(c), Section 3(c)(7) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.

How much has Marathon Opportunistic Credit Fund III, LP raised?

Marathon Opportunistic Credit Fund III, LP reported that the first sale had not yet occurred as of the Form D filed October 21, 2026, so no amount sold or investor count is on file. The total offering amount is listed as indefinite.

Who can invest in Marathon Opportunistic Credit Fund III, LP?

The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. Because the fund also relies on Section 3(c)(7), each investor must be a qualified purchaser, generally an individual with at least $5 million in investments. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $10,000,000.

What is the minimum investment in Marathon Opportunistic Credit Fund III, LP?

The Form D lists $10,000,000 as the minimum investment accepted from any outside investor as of October 21, 2026. Issuers can waive their own minimums, and the figure does not include fees.

Who is selling Marathon Opportunistic Credit Fund III, LP and how are they paid?

The Form D names CVC Funding, LLC (CRD 277056) as the recipient of sales compensation soliciting in all states. Sales commissions are reported as $0 and finders' fees as $0. Form D allows these to be estimates.

Who is behind Marathon Opportunistic Credit Fund III, LP?

The Form D lists 12 related persons: Marathon Opportunistic Credit Fund III GP, LLC, promoter (General Partner); Marathon Asset Management, L.P., executive officer (Investment Manager); Bruce J. Richards, executive officer; Louis T. Hanover, executive officer; Jamie Raboy, executive officer; Edward Cong, executive officer; Andrew Springer, executive officer; Joseph Griffin, executive officer, and 4 more. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is Marathon Opportunistic Credit Fund III, LP located?

The issuer's address on its SEC filings is One Bryant Park, 38th Floor, New York, NY 10036. Its phone number of record is 212-500-3000. It is organized under the laws of Delaware.

How long is the Marathon Opportunistic Credit Fund III, LP offering open?

The issuer indicated that the offering is intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open, and no amendment is on record yet.

How large is Marathon Opportunistic Credit Fund III, LP?

The issuer declined to disclose its revenue range on the Form D, which the form permits.

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Data Methodology

Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.