Atalaya Capital Management raises $900m

The New-York headquartered firm had previously upped the hard-cap of its latest vehicle by $150m.

Atalaya Capital Management’s Atalaya Asset Income Fund IV has hit its hard-cap at $900 million. The initial hard-cap was at $750 million, which was subsequently to increased by $150 million.

The firm held a first close for the vehicle last December at $435.95 million.

The firm has already started investing, and will use the fund’s capital to target consumer loan assets and commercial credit assets, including credit cards, residential mortgage loans, aircraft engine leases, equipment finance and leasing, and factoring across North America.