(HedgeCo.Net)– Sixpoint Partners, a leading global investment bank serving the middle market, today announced the final closing of Origami Opportunities Fund III, L.P (“the Fund”). The Fund, which is the third investment vehicle for Origami Capital Partners (“Origami”), closed with capital commitments of approximately $371 million. The Fund received commitments from a number of top-tier investors, including endowments, foundations, multi-manager funds, consultants, public pensions, corporate pensions and family offices.
The Fund’s strategy involves buying assets trapped in complex legal structures or difficult ownership situations and providing the owners of these illiquid assets with flexible and creative liquidity solutions. The firm invests globally, with a particular focus on North America and Europe, and is led by Thomas Elden and Jeffrey Young.
“The Origami team is excited about the opportunities we are seeing in the market and are pleased to be able to capitalize on them with Fund III. We are grateful for the support and confidence of our investors, as well as Sixpoint Partners’ success in communicating our strategy to the investment community,” said Origami CEO Thomas Elden.
“Origami’s experienced team and impressive track record generated strong demand from investors looking for undervalued assets across sectors,” said Eric Zoller, Founder & Partner of Sixpoint Partners. “The fund strategy is consistent with our stated focus of delivering unique strategies to our LPs across the private equity spectrum.”
“With its ability to value illiquid assets and deliver a range of solutions to relevant counterparties, Origami is well-positioned to generate strong returns, and we look forward to continuing our partnership with its senior team,” added Larry Smith, Partner of Sixpoint Partners.