Veteran corporate and real estate debt investment specialist Ivan Zinn is soliciting capital for a new hedge fund.
Zinn's New York-based Atalaya Capital Management was set to launch Atalaya Special Opportunities Fund on April 1 with no more than $250 million of assets.
The fund will target loans, privately negotiated credit instruments, bank debt, distressed debt and asset-backed instruments. Investments in the fund will be subject to a 1-year lockup and 5% redemption fee for withdrawals within 24 months of an initial purchase.
Atalaya already manages a $250 million portfolio for fellow hedge funds, including Seneca Capital Advisors, Gracie