MMX Management and Sixpoint Partners served as global placement agents
New York, July 8, 2016 – MMX Management and Sixpoint Partners, today announced the final closing of Origami Opportunities Fund III, L.P (“the Fund”). The Fund, which is the third investment vehicle for Origami Capital Partners (“Origami”), closed with capital commitments of approximately $371 million. The Fund received commitments from a number of top-tier investors, including endowments, foundations, multi-manager funds, consultants, public pensions, corporate pensions and family offices.
The Fund’s strategy involves buying assets trapped in complex legal structures or difficult ownership situations and providing the owners of these illiquid assets with flexible and creative liquidity solutions. The firm invests globally, with a particular focus on North America and Europe, and is led by Thomas Elden and Jeffrey Young.
“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’ and MMX Management’s success in communicating our strategy to the investment community,” said Origami CEO Thomas Elden.
“At MMX Management, we pride ourselves on partnering with great investment teams that have a unique skill set and provide the opportunity for outsized returns and enhancements to their LPs investment goals and time horizons. We thank the Origami team for their partnership and look forward to their continued growth and success,” said MMX Managing Partner Mark Marxer.
Sidley Austin LLP provided legal counsel in connection with Fund III.
About Origami Capital Partners
Origami Capital Partners is a Chicago-based private equity firm that acquires assets trapped in complex structures and provides patient, flexible solutions to owners who are seeking liquidity. Origami recognizes the value of trapped assets and has been able to solve sellers’ challenges, whether they are caused by legal, structural, valuation or ownership issues. The underlying assets have been interests in real estate, private equity, debt, bankruptcy and litigation claims.
About MMX Management
MMX Management, with offices in Minneapolis and New York, helps alternative fund managers build their businesses and raise capital. Our team has over 65 years of experience in raising capital from institutional investors. MMX was founded in 2010 by Mark Marxer and Brian Leftwich, after they built the hedge fund, private equity, and a broader alternatives business unit at a major investment bank. They have also built dozens of alternative businesses throughout their careers.
For MMX Management, please contact:
Mark Marxer – Managing Partner
Brian Leftwich – Partner