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Atalaya Capital Management closes fourth Asset Income Fund at hard cap

Atalaya Capital Management, an alternative asset manager focused on opportunistic credit and special situations investments, has closed its fourth Asset Income Fund (AIF IV) at its USD900 million hard-cap, exceeding its USD750 million target. 

AIF IV’s investors are primarily public and corporate pension plans, foundations, and endowments.
In the first six months of the investment period, AIF IV has already closed on 12 investments and called more than 20 per cent of its capital commitments. Atalaya attributes the relatively high velocity of capital deployment to the Firm’s deep pipeline of existing counterparty relationships and long-standing industry experience, as well as a robust opportunity set in specialty finance. This early activity demonstrates continued momentum from a strong 2017, during which Atalaya completed more than 30 transactions in the specialty finance space, funding more than USD1 billion.
“We are pleased with the strong investor demand for our fourth Asset Income Fund and were substantially oversubscribed from our existing investors and select new investors. This reflects Atalaya’s expertise in an asset class that offers a compelling risk-adjusted return, both on an absolute basis and compared to other private credit strategies,” said Ivan Zinn (pictured), Atalaya’s Founding Partner and Chief Investment Officer.

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