Atalaya Capital Management, a private credit asset manager, has closed its sixth Special Opportunities Fund (Fund VI) at its USD800 million hard cap, exceeding its USD750 million target.
Fund VI is the fourth consecutive oversubscribed Atalaya Special Opportunities Fund, representing an increase from its USD575 million predecessor, Fund V. Fund VI’s investors are predominantly public and corporate pension plans, foundations, and endowments.
Like previous Atalaya Opportunity Funds, Fund VI will invest primarily in credit opportunities, the majority of which will be senior debt collateralised by financial, real estate, or corporate assets. Targeted investments include: specialty finance loans against small balance assets such as consumer and commercial credit or equipment leases; performing, sub-performing, and non-performing real estate debt opportunities and related financings; and small and middle market corporate credit.
“With Fund VI, we are excited to capitalise on our ten-year history of sourcing and investing across the credit landscape. The long-term shift away from traditional capital sources such as banks, combined with recent credit market volatility, should produce even greater opportunity for investors with patient and structurally appropriate capital like Atalaya,” says Ivan Zinn, Atalaya’s Founder and Chief Investment Officer.
