Marathon Asset Management Joint Leads Senior Financing for Owl Cyber Defense

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NEW YORK--(BUSINESS WIRE)--Oct 9, 2025--

Marathon Asset Management (“Marathon”), a leading global credit manager with more than $24 billion of assets under management, is pleased to announce the closing of a joint led senior financing for Owl Cyber Defense (the “Company”), a portfolio company of DC Capital Partners.

Owl Cyber Defense is a leading provider of Cross Domain Solutions (CDS) and Data Diode technology, primarily to U.S. Department of Defense and Intelligence Community customers. Its proprietary, patent-protected hardware, protocols, and software applications create secure barriers between sending and receiving domains, effectively isolating receivers from the network to prevent intrusion and cyberattacks.

“Over the past two decades, Owl Cyber Defense has established itself as a recognized leader in edge security solutions through its steadfast dedication to quality, innovation, and service,” said Curtis Lueker, Head of Direct Lending at Marathon. “DC Capital Partners is a distinguished middle-market sponsor with deep expertise in the Government and Engineering sectors, and their clear vision for driving future growth has made the Company an increasingly valuable partner to its global customers.”

“Marathon’s Direct Lending program seeks to deliver flexible and dependable financing solutions to middle-market companies and sponsors across industries,” said Bruce Richards, CEO and Chairman of Marathon. “Our Private Credit platform is built as a one-stop shop, offering sponsors, companies, and asset owners direct corporate loans, asset-based loans, and capital solutions, including senior and junior financings from $25 million to $500 million.”

About Marathon Asset Management:

Marathon Asset Management, L.P. is a leading global asset manager specializing in the Public and Private Credit markets with over $24 billion of assets under management. Marathon has dedicated investment programs spanning the spectrum of Private Credit: Direct Lending, Asset-Based Lending and Opportunistic as well as the spectrum of Public Credit. Marathon was founded in 1998 and is managed by Bruce Richards (Co-Founder & CEO) and Louis Hanover (Co-Founder & CIO) and employs more than 195 professionals, with 8 Partners. Its corporate headquarters are located in New York City, and it has offices in London, Miami, Los Angeles and Luxembourg. Marathon is a Registered Investment Adviser with the Securities Exchange Commission. For more information, please visit the company's website at www.marathonfund.com.

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Josh Clarkson / Joshua Rosen

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KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: FINANCE SECURITY PROFESSIONAL SERVICES TECHNOLOGY ASSET MANAGEMENT

SOURCE: Marathon Asset Management

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PUB: 10/09/2025 08:00 AM/DISC: 10/09/2025 07:59 AM

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