Any info on culture at Atalaya Capital Management

Hello


I am currently at a MM Direct Lending fund and interested in learning more about culture, recruiting and Associate comp at Atalaya Capital Management in NYC. Anyone hear who can provide some color on this credit fund. Thanks alot.

 

The one friend of mine who comes to mind that works there was a pleasure to work with. He helped me get a job at Moelis (he was there at the time) and offered to mentor me plenty along the way. Was considered a sharp, smart and very chill guy which made him fun to be around. I think went to Atalaya right after Moelis so figure that the associate comp is prob in line with other major PE associate comp type firms. Now I think he may have moved into a more ir/bd role there which seems chill and good for him. With that I’m guessing that culture of the firm is kinda like him, nice sharp place. Seems friendly. I may have interviewed with them but most of my knowledge is based on my memory of my friend that I mentioned above. Good luck 

 
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Heard second hand from a friend at the firm - great, collegial culture where junior investment professionals are valued and important parts of deal teams. Unique spot because investment professionals are getting exposure to various asset classes such as corporate, real estate, and specialty finance although it seems like they are starting to hire for specialized roles. Assumption is that given they are a special situations fund, their flagship fund based on a quick Google search is targeting high teens gross returns so they definitely work on some very hairy and often distressed opportunities where they can be the majority owner of a business (Google Rubie’s Ch.11 Bankruptcy).

Looks like they compete against the Varde, Beach Point, Castlelake, GS SSG, and Fortress’s of the world.

My assumption on comp is that it’s likely similar to MM PE shops given the talent they are pulling. If you look at the vast majority of investment professionals, all come from Ivy League / Ivy League caliber schools + BB / EB banks such as Lazard, Moelis, Goldman Sachs, Citi, DB, etc. from a quick LinkedIn search. Laterals based on historical professionals look to be from other special situations & opportunistic credit shops like Blackstone, Carlyle, Propsect, etc. Looks like a pretty competitive seat to get into.

 

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