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Cordillera raises $443m for Fund III

Cordillera Investment Partners, an investment management firm focused on investments in niche, non-correlated assets, has closed Cordillera Investment Fund III with $443m of commitments from institutional allocators. 

Cordillera Investment Partners (Cordillera), an investment management firm focused on investments in niche, non-correlated assets, has closed Cordillera Investment Fund III with $443m of commitments from institutional allocators. 

The fund, which will be managed by the firm’s three co-managing partners Chris Heller, Ashley Marks and Agustin ‘Gus’ Araya, is the largest in Cordillera’s near ten-year history. 

Founded in 2014, Cordillera seeks to identify ‘alternative alternatives’ before they become overcapitalised within the institutional investment community. The firm says it “employs differentiated proprietary direct deal structuring to uncover non-traditional, untapped alpha that has the upside potential to deliver attractive risk-adjusted returns, while also offering significant diversification benefits for investors”. 
  
Fund III is targeting a total of twelve niche-sector deals and has already made eight direct investments in companies including Galway Sustainable Capital (ESG), Suntex Marina Investors (boat marinas) and Made In Network (short form video content), as well as in assets that include wireless spectrum licenses and whiskey barrels. 
 
The fund attracted commitments from endowments and foundations, family offices, registered investment advisors and other institutional investors, including Cordillera’s first non-US LPs. Several existing investors also committed capital to the fund.

Ropes and Gray LLP served as fund formation counsel.

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