Atlas Holdings Increases Fund Size; Planning First Close for Next Week
After writing for months about the fundraising famine, I feel like I'm in bizarro world this week. First Marlin Equity closes its fund at $200 million over its target (after turning away another $350 million). And now Atlas Holdings has increased the target on its first institutional fund because of heavy demand, according to a source familiar with the situation. The Greenwich, Conn.-based firm decided to increase its target from $300 million to $350 million. The firm has received a strong response from investors in both the U.S. and Europe, a source familiar with the situation said. Atlas is planning a first close next week on north o $100 million in capital commitments, the source said. peHUB first reported the firm's fundraising effort in October, noting that Capstone Partners is acting as the firm's placement agent.
