Sat, Nov 28, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
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......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November