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    <submissionType>13F-HR</submissionType>
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      <liveTestFlag>LIVE</liveTestFlag>
      <flags>
        <confirmingCopyFlag>false</confirmingCopyFlag>
        <returnCopyFlag>true</returnCopyFlag>
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      <periodOfReport>06-30-2013</periodOfReport>
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      <isAmendment>false</isAmendment>
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        <name>MARATHON ASSET MANAGEMENT LP</name>
        <address>
          <ns1:street1>One Bryant Park</ns1:street1>
          <ns1:street2>38th Floor</ns1:street2>
          <ns1:city>New York</ns1:city>
          <ns1:stateOrCountry>NY</ns1:stateOrCountry>
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      <provideInfoForInstruction5>N</provideInfoForInstruction5>
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    <signatureBlock>
      <name>Christine Chartouni</name>
      <title>Chief Compliance Officer</title>
      <phone>212-500-3000</phone>
      <signature>/s/ Christine Chartouni</signature>
      <city>New York</city>
      <stateOrCountry>NY</stateOrCountry>
      <signatureDate>08-13-2013</signatureDate>
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            <name>Penteli Master Fund, Ltd.</name>
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