Raven Capital Management said Tuesday that it has raised over $150 million in capital commitments for the Raven Asset-Based Opportunity Fund I. Also, Raven named Chris Felice as the firm’s controller. Based in New York, Raven is a private equity firm that provides loans and equity purchases.
NEW YORK, (July 9, 2013) – Raven Capital Management LLC (“Raven”), a private equity manager that invests in asset-based senior secured loans and cash flow generating assets, today announced the final closing of Raven Asset-Based Opportunity Fund I. The fund now has over $150 million in capital commitments.
“While low interests rates and volatility dominate the broader fixed income markets, we believe attractive opportunities exist in the un-banked and off-the-run credits we directly originate,” said 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.”
In addition to the fund closing, Raven announced that Chris Felice joined the company as the firm’s Controller. Mr. Felice comes to Raven from HGGC (formerly Huntsman Gay Global Capital), a middle-market private equity firm with approximately $1.1 billion in committed capital, where he served as vice president and controller.
About Raven Capital Management LLC
Based in New York, Raven Capital Management LLC is a private equity firm that makes asset-based loans and asset-based equity purchases. Raven directly originates, underwrites, and actively manages its investments. The Raven team invests primarily in the following asset classes: receivables/intellectual property, specialty finance, commercial real estate, transportation, and infrastructure assets, as well as other esoteric assets.