Puzzle-solver Origami Capital Closes Fund III
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Puzzle-solver Origami Capital Closes Fund III

origami nf1Origami Capital Partners has closed its third fund at $371 million. Origami specializes in buying assets trapped in complex legal structures or difficult ownership situations. Limited partners in the fund include the usual mix of endowments, foundations, public pensions, corporate pensions and family offices.

Origami’s investments – typically between $10 million and $50 million – involve real estate, private equity, debt, bankruptcy, and litigation claims. Investment examples include illiquid residual interests in hedge funds; real estate and private equity fund interests and restructurings; hard-to-sell assets owned by funds; private joint ventures; minority interests in operating general partnerships; non-performing loans; and other illiquid investments with no apparent exit strategy.

Origami will pursue investments anywhere on the globe but has a specific interest in transactions based in North America and Europe. Origami was founded in 2008 and is led by its managing partners Thomas Elden and Jeffrey Young (www.origamicapital.com).

Sixpoint Partners served as Origami’s placement agent for the fundraise.  Sixpoint  is headquartered in New York with additional offices in Chicago, San Francisco, Abu Dhabi, and Singapore (www.sixpointpartners.com).

thomas elden nf1“The Origami team is excited about the opportunities we are seeing in the market and are pleased to be able to capitalize on them with Fund III. We are grateful for the support and confidence of our investors, as well as Sixpoint Partners’ success in communicating our strategy to the investment community,” said Mr. Elden.

“Origami’s experienced team and impressive track record generated strong demand from investors looking for undervalued assets across sectors,” said Eric Zoller, Founder & Partner of Sixpoint Partners. “The fund strategy is consistent with our stated focus of delivering unique strategies to our lim ited partners across the private equity spectrum.”

Sidley Austin (www.sidley.com) provided legal counsel to Origami.

© 2016 Private Equity Professional • 7-1-16

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