Alternative investment firm Atalaya Capital Management has closed its fifth credit opportunities fund to new investors after surpassing its $500 million target.
According to a statement released Monday, the New York-based firm started fundraising for the fund in the first quarter of 2013 and closed the offering with $575 million on August 1. The fund may also invest in specialty finance opportunities and originate select primary private credit investments.
The fund’s investors are primarily institutions, including endowments, foundations, and pensions.
Atalaya founding partner and chief investment partner Ivan Q. Zinn said that the overwhelming response to the fund demonstrates “the continued attractiveness of the private credit opportunity set.”
Atalaya has invested approximately $2 billion since its inception in 2006.