Cordillera Investment Partners, L.P. – an investment management firm exclusively investing in niche, non-correlated assets – recently announced it has completed fundraising for Cordillera Investment Fund III, L.P., with $443 million of commitments from institutional allocators. And it is the firm’s largest close in its nearly ten-year history. The Fund will be managed by the firm’s three co-managing partners, Chris Heller, Ashley Marks, and Agustin ‘Gus’ Araya.
Launched in 2014, Cordillera seeks to identify ‘alternative alternatives’ before they become overcapitalized within the institutional investment community. Cordillera employs differentiated proprietary direct deal structuring to uncover non-traditional, untapped alpha that has the upside potential to deliver attractive risk-adjusted returns while also offering significant diversification benefits for investors. Some of the investments the firm has made since its inception include whiskey aging, boat marinas, environmental markets, and wireless spectrum licenses, among others.
True to its investment philosophy, Fund III will focus exclusively on direct investments in niche, non-correlated assets, primarily in the United States. And 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 as in assets that include wireless spectrum licenses and whiskey barrels.
The Fund’s investor base spans endowments and foundations, family offices, registered investment advisors and other institutional investors. And Cordillera welcomed its first non-U.S. LPs to the Fund, in conjunction with previous investors recommitting capital.
KEY QUOTE:
“We are grateful for the commitments we’ve received from our new and existing LPs for our largest fund to date, which reinforces investor interest and confidence in non-correlated assets as a compelling diversifier in their portfolios. 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. We look forward to continuing to uncover these investment opportunities, partnering with our operating teams to drive growth and with our investors who have entrusted us with their capital.”
— Chris Heller
