Atalaya Capital Management Closes Fifth $ 1 Billion Hard Cap Asset Income Fund
NEW YORK, March 1, 2021 / PRNewswire / – Atalaya Capital Management, an alternative asset manager focused on private credit investments and special opportunities, has announced the final closing of its fifth Asset Income Fund (âAIF Vâ). The fund closed at its $ 1 billion hard cap, protruding from the $ 900 million target. AIF V’s diverse sponsor base includes public and corporate pension plans, sovereign wealth funds, foundations and endowments.
âWe are grateful to our new and long-term investors, who clearly recognize our leadership position in specialty finance,â said Ivan Zinn, founding partner and chief investment officer of Atalaya Capital Management. âWe are excited to expand our experience in identifying meaningful opportunities in consumer and business lending, an area that we believe continues to be underserved by traditional sources of capital. ”
Consistent with previous vintages of the strategy, AIF V will seek to leverage Atalaya’s close relationships in the specialist finance ecosystem. At the final close, AIF V called over 30% of its capital commitments, with a significant portion of that capital invested in Atalaya’s repeated long-term relationships.
As with Atalaya’s asset income funds preceding the AIF V, the fund will primarily issue loans and acquire credit-related assets in the specialist finance sector. Targeted investments include, but are not limited to:
- Consumer finance assets such as credit card arrangements, consumer installment loans, auto loans, and Buy Now Pay Later financing
- Trade finance assets such as SME finance, merchant cash advance and factoring
- Select rental opportunities such as mid-market mission critical equipment and aviation assets
The Atalaya Asset Income Fund strategy was launched in 2012 to complement Atalaya’s existing Special Opportunities Fund strategy. Since its inception, the Asset Income Fund strategy has made more than 135 specialized financing investments. The fund’s previous vintage, AIF IV, was also oversubscribed and closed at its hard cap with $ 900 million in capital commitments in 2018.
About Atalaya Capital Management
Atalaya Capital Management is a private alternative investment advisory firm registered with the SEC. Atalaya mainly focuses on making private credit investments and special opportunities in three main asset classes – financial assets, real estate and businesses. Founded in 2006, Atalaya is headquartered in New York City and around $ 6 billion in assets under management. For more information, please visit www.atalayacap.com.
SOURCE Atalaya Capital Management