Altra Investments said Monday that it closed its second pool, Altra Private Equity Fund II LP, and parallel investment funds with $355.8 million in total commitments. The total exceeded the fund’s target of $300 million. Investors included public and private pension funds, funds-of-funds, family offices, sovereign wealth funds, endowments and foundations. Stanwich Advisors acted as financial advisor and placement agent.
Altra Investments (“Altra”) recently announced the closing of its second fund, Altra Private Equity Fund II, L.P., and parallel investment funds, with total commitments of $355.8 million, exceeding its original target of $300 million due to support from existing investors and significant demand from new investors.
Limited partner commitments were secured from a diversified group of institutional investors from North America, South America, Europe, Asia and the Middle East. Among these institutions were leading public and private pension funds, funds-of-funds, family offices, sovereign wealth funds, endowments and foundations.
Stanwich Advisors, LLC acted as financial advisor and placement agent for the offering.
About Altra Investments
Founded in 2005, Altra is a value oriented buyout firm focused on midcap companies in the Andean region with offices in Bogotá, Colombia and Lima, Peru. Altra seeks to make investments in companies that have significant potential for improved performance and growth. Within the midcap segment, Altra acquires control and “effective control” positions in companies to operate in industries that are large, highly fragmented, and/or significantly underpenetrated. In this context, the firm targets equity investments of $20 million to $50 million in companies with revenues ranging from $15 million to $100 million. Altra estimates that there are currently over 3,200 such companies in Colombia and Perú, a significant majority of which are family-owned and/or closely held and have the potential to represent excellent candidates for improved performance and growth in conjunction with Altra’s equity sponsorship. For more information on Altra Investments, please visit www.altrainv.com.
About Stanwich Advisors
Founded in 2003, Stanwich Advisors, LLC is a boutique investment bank focused exclusively on providing advisory and fundraising services to private equity and venture capital partnerships globally. Stanwich Advisors utilizes its seasoned investment banking and private placement team to provide senior hands-on execution for a select number of clients each year. Since 1996, the Stanwich Advisors Principals have raised over $17 billion for more than 40 private equity funds across a wide range of investment strategies. For more information on Stanwich Advisors, please visit www.stanwichadvisors.com.