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Opalesque Industry Update - Orchard Global Asset Management (OGAM), an alternative investment management firm with a focus on opportunistic fixed income and structured credit transactions, announced that it has closed the Taiga Special Opportunities Fund after raising $2.5bn in capital commitments.
"We appreciate the support of our existing LPs and welcome new investors into Taiga," said Paul Horvath, Group CEO and co-founder of OGAM, "and believe that these relationships are a testament to OGAM's continued ability to identify attractive risk-reward opportunities." Over 40% of the capital commitments into Taiga came from existing OGAM investors, with the remaining 60% made up new investor relationships, primarily sovereign wealth funds and large private and public pension plans consistent with OGAM's existing investor base. Taiga seeks to take advantage of unique investment opportunities arising from the evolving regulatory environment applicable to global financial institutions.
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