Private Equity News & Analysis

Altamont closes debut fund on $500m

The San Francisco-based mid-market firm was launched in 2010 by three former executives at Golden Gate Capital, including co-founder Jesse Rogers.

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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.