New Atlas fund takes innovative approach to longer holds

The United Launch Alliance (ULA) Atlas V 541 launches the NROL-35 mission for the National Reconnaissance Office (NRO) at the Vandenberg Air Force Base in California December 12, 2014.      REUTERS/Gene Blevins  (UNITED STATES - Tags: POLITICS SCIENCE TECHNOLOGY SOCIETY TPX IMAGES OF THE DAY) - GM1EACD12Q001
  • Fund III allows company to spin out assets into special purpose vehicles
  • LPs must approve such deals
  • Investors can choose to sell their exposure to companies or roll into SPVs
Atlas Holdings, whose latest fund recently closed at $1.67 billion, negotiated an innovative provision letting it hold investments beyond the traditional 10-year life of a private equity fund. The firm joins a number of fund managers looking for ways to hold ...
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