Atalaya Capital Management, an investment management firm focused on asset-based private debt and special opportunities, completed fundraising for its eighth Special Opportunities Fund (ASOF VIII). The oversubscribed fund closed with $1.8 billion of 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.
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.
“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 generating strong returns through various market cycles should serve us and our partners well as we enter potentially uncertain times,” Ivan Zinn, founder and chief investment officer at Atalaya, said. “The current opportunity is as attractive as we have seen in many years. The Atalaya team has built the right relationships and foundation to capitalize on the market volatility and increased premium for ASOF’s capital.”
