ArrowMark looks to raise $500m for latest fund

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Colorado-based ArrowMark Partners is looking to raise around $500m in its sophomore Cayman opportunity fund.

The company has issued a new US SEC filing for the ArrowMark Structured Opportunity Cayman Fund II, but is yet to register any capital for the vehicle. It is unclear in the document whether the $500m sum will be a hardcap.

There is a minimum investment of $500,000 for the new fund, which does not have an attached placement agent.

The investment strategy for the new vehicle is not clear.

ArrowMark Partners has a number of investment strategies ranging from equity, alternative credit and specialty lending.

Earlier in the month, ArrowMark Partners filed another document with the SEC for its ArrowMark Fundamental Opportunity Fund, which has raised up to $26m.

In 2018, ArrowMark Capital secured a $175m investment from Kentucky Retirement Systems for a custom opportunistic credit fund.

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