Cordillera Investment Partners LP, an investment management firm that invests in niche, non-correlated assets, has closed its Cordillera Investment Fund III LP with $443 million of commitments.

Fund III will focus on direct investments in niche, non-correlated assets, primarily in the U.S. The fund is targeting 12 deals and has already made eight direct investments in companies including Galway Sustainable Capital, Suntex Marina Investors and Made In Network, as well as assets that include wireless spectrum licenses and whiskey barrels. The fund marks the firm’s largest close in its nearly 10-year history. The fund will be managed by the firm’s three co-managing partners Chris Heller, Ashley Marks and Agustin Araya.

Ropes and Gray LLP served as fund formation counsel.