Atalaya Capital Buys Elm Park Loan Portfolio, Adds Team (1)

Atalaya Capital Management has acquired a portfolio of loans from Elm Park Capital Management and added its team to the investment firm’s operations, according to a statement seen by Bloomberg.

The Elm Park team, which includes co-founder Mark Schachter, will join Atalaya on sourcing and originating cash-flow loans to middle-market companies, including those backed by private equity firms. The group will work in Atalaya’s Dallas office, which opened earlier this month.

New York-based Atalaya invests in a range of credit strategies, including specialty finance, real estate and corporate lending. Elm Park meanwhile specializes in lending to middle-market companies via ...