Atalaya Capital Management, a private credit and special opportunities alternative investment manager based in New York City, took a passive, minority equity investment in Dakota Financial, an asset-based specialty finance company based in Los Angeles.
The investment follows a decade-long relationship between Dakota and Atalaya, during which the firms have invested alongside each other in multiple equipment leasing transactions. Atalaya’s minority stake will have no impact on Dakota’s day-to-day operations or management. The additional capital will facilitate Dakota’s continued strategic growth, including investments to bolster its infrastructure.
“We are excited to expand our partnership with Atalaya. We value their insights and consider it a privilege that they have chosen to make this strategic minority investment in our platform,” Michael Green, managing partner of Dakota Financial, said.
“Dakota is an exceptional leasing organization and represents an important source of asset-based financing for its customers across a variety of industries,” Ivan Zinn, founder and chief investment officer of Atalaya Capital Management, said. “We are eager to expand our relationship with Dakota through this investment and look forward to contributing our firm’s experience and expertise to accelerate Dakota’s next phase of growth in line with its strategic objectives.”