Arena Investors Gets $1.1 Billion for Special Opportunities Fund

Arena Investors LP closed around $1.1 billion in commitments for a special opportunities fund as the firm seeks varied investments during a period of geopolitical uncertainty.

The asset manager announced a final close of the vehicle, Arena Special Opportunities Partners Fund III, according to a Thursday statement. The fund originates and manages portfolios of corporate, real estate and structured finance investments, with a focus on situations where borrowers are unable to access traditional sources of capital.

A predecessor vehicle closed in 2022 with $930 million raised during the fundraising period, including co-investments and programmatic capital.

A cooling of ...