Credit and special opportunities-focused investor Atalaya Capital Management has closed its debut commercial real estate fund on more than $100m.
Atalaya Commercial Real Estate Fund I will focus on control investments in real estate sponsor equity across multifamily, industrial, office and hospitality.
The fund will target opportunities alongside institutional-quality sponsors focused on growing secondary markets and gateway cities, Atalaya said.
Firm head of real estate Young Kwon said, “We’re thrilled to see support from both first-time and long-standing limited partners for our first real estate private equity fund.
“Despite ongoing challenges presented by the pandemic, we made substantial progress in investing across multi-family, industrial, office and hospitality assets. We look forward to continuing this momentum.”
Atalaya manages more than $6bn on behalf of a global institutional investor base.
Deals done by Atalaya include backing point-of-sale financing provider LendingUSA.
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