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Atalaya Capital Management closes inaugural real estate private equity fund

Atalaya Capital Management (Atalaya), an alternative asset manager focused on private credit and special opportunities investing, has held the final close of its inaugural real estate private equity fund, Atalaya Commercial Real Estate Fund I (ACRE).

The fund closed with more than USD100 million, including commitments from new and existing investors and employees of the firm.

ACRE will primarily focus on control investments in real estate sponsor equity across multifamily, industrial, office and hospitality. The fund targets opportunities alongside institutional-quality sponsors focused on growing secondary markets and gateway cities. In addition to providing capital, the Atalaya team will partner with developers and operators, leveraging the firm’s operational and capital markets expertise to drive projects’ success. ACRE complements Atalaya’s existing real estate strategies across real estate equity, preferred equity, construction financing, mezzanine financing and loan pool purchases.

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