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Laxman Pai, Opalesque Asia: Alternative investment advisory firm Atalaya Capital Management closed its eighth Special Opportunities Fund (ASOF VIII) at its hard cap of $1.8 billion.
ASOF VIII received commitments given significant support from both new and existing partnerships with investors. These partners include public and corporate pensions, endowments, foundations, healthcare systems, sovereign wealth plans, and high-net-worth individuals.
Investors in the latest fund include the Florida State Board of Administration ($150 million) and the New Hampshire Retirement System ($50 million).
The New York investment management firm focused on asset-based private debt and special opportunities said in a press release that the ASOF strategy, originally launched in 2006, deploys an all-weather, opportunistic approach that seeks attractive risk-adjusted investments.
The strategy invests primarily by opportunistically purchasing credits or assets from sellers in need of liquidity and providing credit-oriented capital solutions with a focus on asset-based opportunities.
Atalaya believes ASOF is well-positioned to capitalize on attractive opportunities across its three principal asset classes: specialty finance, corporate, and real estate investments, said the release.
"We are deeply appreciative of the confidence and support entrusted to us from both long-time investors and new partnerships. Our experience, proprietary sourcing, and long-term track record of ...................... To view our full article Click here
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