NEW YORK–(BUSINESS WIRE)–Atalaya Capital Administration (“Atalaya”), a non-public credit score and particular alternatives different funding supervisor based mostly in New York Metropolis, immediately introduced a passive, minority fairness funding in Dakota Monetary, LLC (“Dakota”), a number one asset-based specialty finance firm based mostly in Los Angeles, CA, making a strategic relationship that may assist propel Dakota’s continued development and success.
The funding follows a decade-long relationship between Dakota and Atalaya, throughout which the corporations have invested alongside one another in quite a few tools leasing transactions. Atalaya’s minority stake could have no influence on Dakota’s day-to-day operations or administration. The extra capital will facilitate Dakota’s continued strategic development, together with investments to bolster its infrastructure.
Michael Inexperienced, Managing Associate of Dakota, stated, “We’re excited to increase our partnership with Atalaya. We worth their insights and contemplate it a privilege that they’ve chosen to make this strategic minority funding in our platform.”
Ivan Zinn, Atalaya Founder and Chief Funding Officer, stated, “Dakota is an distinctive leasing group and represents an necessary supply of asset-based financing for its clients throughout quite a lot of industries. We’re desirous to increase our relationship with Dakota by means of this funding and stay up for contributing our agency’s expertise and experience to speed up Dakota’s subsequent part of development consistent with its strategic targets.”
About Dakota Monetary
Dakota Monetary is an asset-based direct funding supply that has been offering funding options for 20 years to over 10,000 clients in all 50 states. With an asset concentrate on vehicles, trailers, building tools, materials dealing with, agriculture tools, and machine instruments, the corporate delivers nationwide funding applications to its companions particularly designed for his or her clients which have prior bankruptcies, tax liens, judgements, repossessions, or gradual performs. The corporate funds conventional leases in addition to tools finance agreements, personal occasion gross sales, start-ups, and proprietor/operators from $10,000-$400,000. For extra data go to http://www.dakotafinancial.com.
About Atalaya Capital Administration
Atalaya Capital Administration is a privately held, SEC-registered, different funding advisory agency. Atalaya primarily focuses on making personal credit score and particular alternatives investments in three principal asset lessons – specialty finance, actual property, and company. Based in 2006, Atalaya is headquartered in New York Metropolis and has roughly $6 billion in belongings underneath administration. For extra data go to https://www.atalayacap.com.