Eldridge Industries, a Greenwich-headquartered private investment firm, has increased its holdings in Maranon Capital LP to a majority ownership position.
The Chicago-based Maranon focuses on private credit investments. Eldridge is acquiring its greater stake in the company from Tom Gregory, Maranon”™s co-founder and managing director, who will transition to an advisory role. Eldridge, which first established a partnership with Maranon in 2015, also announced that its affiliates have made further commitments to Maranon”™s platform, which include expanding the company”™s underwriting and hold capability.
“I believe Maranon”™s team and investment platform may benefit from the stability of a large institutional shareholder,” said Gregory. “I look forward to continuing my involvement in an advisory role as I explore the next phase of my career.”
