New York-based private equity manager Raven Capital Management has held a final close on its Raven Asset-Based Opportunity Fund I, with over $150 million in capital commitments.
Raven specializes in asset-based senior secured loans and cashflow generating assets—primarily receivables/intellectual property, specialty finance, commercial real estate, transportation and infrastructure assets and other 'esoteric' assets. The firm directly originates, underwrites and actively manages its investments.
“While low interest rates and volatility dominate the broader fixed income markets, we believe attractive opportunities exist in the unbanked and off-the-run credits we directly originate,” said Raven's Josh Green. “We are pleased with the confidence our investors have shown in us, and look forward to working with a diverse set of counterparties.”
Raven also announced that Chris Felice has joined the company as controller. Felice comes to Raven from HGGC (formerly Huntsman Gay Global Capital), a middle-market p.e. firm with approximately $1.1 billion in committed capital, where he served as vice president and controller.