Atalaya Beats Target With $575M Close For 5th Fund

Law360, New York (August 13, 2013, 1:05 PM EDT) -- New York-based Atalaya Capital Management LP closed its fifth special opportunities fund with $575 million in commitments, besting a $500 million goal and clearing the way for the private equity firm to further assert itself in the credit investment scene, it said Tuesday.

The fund will focus on small and midsized buy-ins, targeting illiquid credit assets — already a favorite of the firm. It could also zero in on specialty finance opportunities and originate select primary private credit investments, the firm said.

Atalaya nailed down the...
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