Cordillera Investment Partners L.P. has closed its oversubscribed second fund at $362 million. The fund’s investors include endowments, foundations, family offices and wealth advisors. Ropes & Gray LLP served as fund formation counsel. No placement agent was used.
San Francisco, October 18th, 2018 — Cordillera Investment Partners, L.P. (“Cordillera”) today announced the final closing of its second fund, Cordillera Investment Fund II, L.P. (“the Fund”), with total commitments of $362 million, bringing the total AUM of the firm to $648 million. The Fund was oversubscribed and capitalized by endowments, foundations, family offices, and wealth advisors.
Cordillera specializes in unique and less correlated investment opportunities in areas that it believes remain inefficient, misunderstood, and not over-capitalized. The firm has completed investments in various areas including in music royalties, international arbitration, permanent crops and water rights, boat marinas, broadband spectrum licenses, commercial litigation finance, and environmental markets. In addition to these areas, Cordillera is also pursuing opportunities in various other differentiated strategies that, in its experience, are not well known to most institutional investors. The firm typically invests directly in these assets alongside an operating partner, but at times will invest through other structures such as a coinvestment or a specialized fund in which it is the founding investor.
Cordillera was founded by Agustin “Gus” Araya, Chris Heller, and Ashley Marks, who have spent their careers investing in alternative assets while at Makena Capital Management, the Stanford University endowment, and The William and Flora Hewlett Foundation.
“We are excited about the group of sophisticated and like-minded investors we have assembled, which share our philosophy of seeking attractive risk-adjusted returns and diversification by looking at areas of alternatives that are not already overcrowded with institutional capital,” said the three founders.
Ropes & Gray LLP served as fund formation counsel. Cordillera did not engage a placement agent in connection with the formation of the Fund.
About Cordillera Investment Partners, L.P.
Formed in 2014, Cordillera seeks to provide investors with attractive and uncorrelated returns by investing in unique and undercapitalized alternative investment opportunities. Cordillera currently manages $648 million of commitments via its funds and co-investment vehicles for endowments, foundations, family offices, and wealth advisors. For more information please see www.cordillera-ip.com, or contact Cordillera at IR@cordillera-ip.com or at 415-738-7944.
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