Alternative investment firm EBF & Associates announced Tuesday the closing of one of its funds.
Minnesota-based EBF said in a statement that the fund is closing to new investors at its hard cap of $800 million. The fund, which launched in April, had an initial target of $750 million.
The fund, which makes opportunistic value investments in niche financial instruments and hard assets, targets companies ranging from $10 million to $100 million.
Founded in 1988, EBF has over $2.1 billion in assets under management.