Altas Partners LP completed a $1 billion fundraise, the firm announced. The fund, Altas Partners Holdings LP, was oversubscribed and closed at its hard cap.
Established in 2012 and based in Toronto, Altas pursues a long-term strategy that involves investing in only one or two businesses each year. This approach allows the firm to own each business for more than 10 years. Its portfolio includes NSC Minerals, St. George’s University, and Capital Vision Services.
Founder Andrew Sheiner, who previously worked at Onex Corporation for 17 years, said the new capital “will allow us to continue the process of building our portfolio carefully in the coming years, working with exceptional management teams and on behalf of like-minded investors.
Photo: A man paraglides in front of the skyline in Toronto May 13, 2013. REUTERS/Mark Blinch
Correction: A prior version of this report incorrectly referred to Altas as Atlas. The article has been updated.