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Alternative Market Briefing

Atalaya Capital closes oversubscribed fifth special opportunities fund

Wednesday, August 14, 2013

Komfie Manalo, Opalesque Asia:

Alternative investment and New York-based Atalaya Capital Management has closed its fifth special opportunities fund offering to a new and existing primarily institutional investor base after the management team quickly exceeded the $500m target.

The fund held its first and final close on August 1st at Atalaya Fund V’s self-imposed hard-cap of $575m. The firm said Atalaya Fund V will seek to build upon the firm’s prior success in opportunistically purchasing illiquid credit assets. Fund V may also invest in specialty finance opportunities and originate select primary private credit investments.

"We are pleased that Fund V, like its predecessor, Fund IV, significantly exceeded its target raise, demonstrating the continued attractiveness of the private credit opportunity set to both existing investors and new participants," said Ivan Q. Zinn, Atalaya’s Founding Partner and Chief Investment Officer.

He went on to say, "Atalaya’s ability and willingness to transact at smaller investment sizes continues to provide us with many attractive investment opportunities. We remain committed to this range of the opportunity spectrum, and believe that our disciplined focus will continue to reward our investors."

Atalaya initiated fundraising for the new vehicle during the first quarter of 2013 after drawing down over 70% of Fund IV’s $500m in commitments. The commit......................

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