San Francisco-based Altamont Capital Partners has closed its inaugural private equity fund on $500 million.
Altamont was launched in 2010 by co-founders and managing directors Jesse Rogers, Randall Eason and Keoni Schwartz, all of whom previously worked at San Francisco-based Golden Gate Capital and Bain & Company. The firm’s debut fund, which includes approximately a 10 percent commitment from the general partners, will invest in mid-market companies in a variety of industries. Altamont will target investments between $10 million and $75 million, primarily for control positions.
“We are particularly drawn to companies that are constrained from realising their full potential,” Rogers said in a statement. “Our returns are driven much more by helping build and improve businesses than by financial engineering.”
A spokesperson for the firm was unavailable at press time.
Prior to co-founding Altamont, Rogers was a co-founder and managing director of Golden Gate, where he worked for ten years. He was previously the head of private equity at Bain & Company.
Eason and Schwartz were formerly principals at Golden Gate, prior to which they worked as consultants for Bain & Company.