Arena Investors Raises $930m for Credit-Focused Deals

Aug 1, 2022 | News

Arena Investors, a global institutional asset manager specializing in opportunistic, asset and yield oriented investments, today announced the final close of Arena Special Opportunities Partners II, LP and Arena Special Opportunities Partners II.

The Fund is oversubscribed at approximately $930m of committed capital, including separately managed accounts investing alongside the Fund. The close exceeds the $750m target that was set for Fund II, which was launched on July 1, 2021.

Arena’s latest Fund invests in asset-backed, credit-oriented investments that either were not the beneficiaries of the increased liquidity environment headed into 2022, or that are now in need of liquidity based on the more recent retrenchment of such liquidity, and the corresponding market volatility that has resulted.

“With an investment strategy grounded in over 25 years of experience investing globally across divergent economic downturns, we believe Arena is well-positioned to find value in all economic environments,” said Dan Zwirn, Arena Investors Chief Executive Officer and Chief Investment Officer.

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Zwirn continues: “The COVID-19 pandemic caused newfound disruption to the global economy, and expedited trends we were already seeing five to ten years sooner than expected. While much has changed, Arena’s flexible approach has allowed us to adjust quickly and continually identify attractive opportunities to deliver value to our investors. We are excited about the opportunities that lie ahead, regardless of potential market uncertainty.”

Arena’s opportunistic special-situations approach has enabled the firm to provide investors with access to diverse investments across market cycles, with Arena’s Fund I (Arena Special Opportunities Partners I, LP and Arena Special Opportunities Partners (Cayman) I, LP) thus far achieving an estimated net MOIC of 1.44x from March 1, 2020 to June 30, 2022, with additional upside to the targeted returns coming in the form of embedded optionality, which Arena seeks to structure into its bespoke investments.

In addition to several new investors, all investors in Fund I made commitments into Fund II.

Source: Yahoo Finance

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