Cordillera Investment Partners Raises $443M for “Alternative Alternatives”
Cordillera Investment Partners, an investment management firm that predominately deploys funds in niche, non-correlated assets, has raised $443 million for its third fund – Cordillera Investment Fund III -, making it the firm’s largest to date.
The San Francisco-based firm says it tries to identify “alternative alternatives” before they become overcapitalized within the institutional investment community.
The fund will be overseen by co-managing partners Chris Heller, Ashley Marks and Agustin ‘Gus’ Araya.
“The competition for alpha is high and we believe the opportunities with the greatest potential for growth over the long term can be found in the untapped sectors of the global economy, which are ripe for capital,” noted Heller.
The fund is targeting twelve deals and has already made eight direct investments in companies, including Galway Sustainable Capital (ESG), Suntex Marina Investors (boat marinas) and Made In Network (short form video content), as well assets that include wireless spectrum licenses and whiskey barrels.
Cordillera’s assets under management now exceed $1.5 billion as a result of the new fund. Cordillera raised $197 million for its initial fund and $362 million for its second vehicle.