Marathon
Venture capitalActively deployingHunt Valley · 2 people tracked
Also known as Marathon Capital Management Llc
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Fund manager profile
Marathon is a venture fund manager based in Hunt Valley. SEC filings show 1 venture fund on record, most recently 776 Marathon Fund I, L.P. ($100M offering) filed January 2026.
Source: SEC EDGAR Form D filings. Firm website data not yet available.
Team · 2 people
from public directoriesWhat they invest in
from 2 of 3 portfolio companiesAI & Machine Learning ×1Construction Tech ×1Digital Health ×1Healthtech ×1HR Tech ×1SaaS ×1
HQs:United States×2Mexico×1
Investments · 3 tracked
founders shown can be your intro pathBoon builds AI agents that automate preconstruction workflows for construction firms, handling tasks such as takeoffs, bid packages, project summaries, and subcontractor proposal comparison from blueprint to bid.
AI & Machine LearningConstruction TechSaaSSan Francisco, US
Deepti Yenireddy(Founder)inRyan Vet(Executive Officer, Director, Promoter)
Co-investorsFalconX VenturesRedpoint VenturesSoma Capital
Welbe is a corporate health platform that integrates a national medical network, telemedicine, an app, and a data portal to help companies manage employee health as a measurable preventive strategy.
Digital HealthHealthtechHR Tech
Co-investorsHTwentyIKJ CapitalMarathon VenturesNazcaParceiro VenturesBridge Latam+5 more
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Fund performance · per public LP disclosures · 13
as of Dec 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Marathon Distressed Credit Fund IILPs: Minnesota State Board of Investment | 2023 | — | 11.8% | 1.11x | 0.12x |
| Marathon Secured Private Strategies Fund IIILPs: Minnesota State Board of Investment | 2022 | — | 8.0% | 1.14x | 0.00x |
| Marathon Centre Street Partnership, L.P. - Asset ClassLPs: New York City Board of Education Retirement System | 2020 | — | 10.2% | 1.36x | 0.36x |
| Marathon Centre Street Partnership, L.P. - Asset Class - Subsequent CommitmentLPs: New York City Board of Education Retirement System | 2020 | — | 4.3% | 1.14x | 0.89x |
| Marathon Distressed Credit FundLPs: Minnesota State Board of Investment | 2020 | — | 10.1% | 1.38x | 0.80x |
| Marathon Secured Private Strategies Fund IILPs: Minnesota State Board of Investment | 2019 | — | 10.8% | 1.59x | 0.88x |
| Marathon Currituck Series DLPs: North Carolina Retirement Systems | 2016 | — | 8.1% | 1.32x | 0.36x |
| Marathon Currituck Fund, LPLPs: North Carolina Retirement Systems | 2014 | — | 3.7% | 1.40x | 0.11x |
| Marathon European Credit Opportunity Fund, LPLPs: Connecticut Retirement Plans and Trust Funds | 2013 | — | 8.8% | 1.30x | 1.30x |
| Marathon European Credit Opportunities Fund IILPs: Florida State Board of Administration | 2001 | — | 7.5% | 1.39x | 1.39x |
| Marathon CLO Equity Fund, L.P.LPs: Texas Municipal Retirement System, Michigan Municipal Employees' Retirement System | — | — | 2.0% | 1.10x | 0.94x |
| MARATHON CTR ST PARTNERSHIP BLPs: New York City Board of Education Retirement System | — | — | — | 1.29x | — |
| Marathon European Credit Opportunity Fund III, LPLPs: Texas Municipal Retirement System | — | — | 5.3% | 1.39x | 0.87x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- Where is Marathon located?
- Marathon is headquartered in Hunt Valley, US.
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