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    <submissionType>13F-HR</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <flags>
        <confirmingCopyFlag>false</confirmingCopyFlag>
        <returnCopyFlag>true</returnCopyFlag>
        <overrideInternetFlag>false</overrideInternetFlag>
      </flags>
      <filer>
        <credentials>
          <cik>0001279913</cik>
          <ccc>XXXXXXXX</ccc>
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      <periodOfReport>12-31-2024</periodOfReport>
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    <coverPage>
      <reportCalendarOrQuarter>12-31-2024</reportCalendarOrQuarter>
      <isAmendment>false</isAmendment>
      <filingManager>
        <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>
          <ns1:zipCode>10036</ns1:zipCode>
        </address>
      </filingManager>
      <reportType>13F HOLDINGS REPORT</reportType>
      <form13FFileNumber>028-10682</form13FFileNumber>
      <crdNumber>000124613</crdNumber>
      <secFileNumber>801-61792</secFileNumber>
      <provideInfoForInstruction5>N</provideInfoForInstruction5>
    </coverPage>
    <signatureBlock>
      <name>J. Christopher Brown</name>
      <title>Chief Compliance Officer</title>
      <phone>212-500-3000</phone>
      <signature>/s/ J. Christopher Brown</signature>
      <city>New York</city>
      <stateOrCountry>NY</stateOrCountry>
      <signatureDate>02-14-2025</signatureDate>
    </signatureBlock>
    <summaryPage>
      <otherIncludedManagersCount>0</otherIncludedManagersCount>
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      <tableValueTotal>76532431</tableValueTotal>
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