Atalaya Capital Management launches second commercial real estate fund

Atalaya Capital Management, a privately held alternative investment advisory firm focused primarily on making private credit and special opportunities investments, has launched a new commercial real estate fund, according to a filing with the SEC.

Atalaya Commercial Real Estate Fund II (ACRE II) 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.

According to the SEC filing, the fund already has secured $64.2 million of capital commitments against an unknown fundraising target.

ACRE II’s predecessor fund