Alterna Core Capital Assets Fund II has closed with $722 million of capital commitments, significantly oversubscribed on its target of $600 million. Atlantic-Pacific Capital served as the exclusive global placement agent for the fund.
PRESS RELEASE
Atlantic-Pacific Capital, the largest privately-owned global placement agent and advisory firm, is pleased to announce the final closing of Alterna Core Capital Assets Fund II (the “Fund”) with $722 million of capital commitments, significantly oversubscribed on its target of $600 million. The Fund will pursue attractive investment opportunities in Core Capital Assets (“CCAs”). CCAs are the long-lived, physical assets or resources that are essential to logistics, operations and production in the transportation, industrial and energy sectors. Atlantic-Pacific Capital served as the exclusive global placement agent for the Fund.
Alterna Capital Partners (“Alterna”) was formed in 2007 as an independent firm. Its principals are an accomplished team that combines extensive asset and industry knowledge with strong investment experience. The team has more than 100 years of aggregate investment experience having successfully invested more than $2 billion in CCAs.
“Alterna’s experience and approach to investing in Core Capital Assets across multiple industry verticals are attributes that investors found highly compelling,” commented Brendan Edmonds, Partner at Atlantic-Pacific. Mark Bourgeois, Atlantic-Pacific CEO and President, added, “We appreciate that limited partners saw the Alterna offering as a differentiated alpha generating investment opportunity. Institutional investors continue to have strong demand for asset intensive, lower equity correlative strategies. We wish Alterna and its investors much success in the coming years.”
Harry Toll, Managing Partner of Alterna, said, “Throughout the capital raising process, Atlantic-Pacific provided sound advice and support and facilitated key introductions with appropriate investment professionals and decision makers at thought-leading institutions. Atlantic-Pacific’s assistance allowed us to remain efficient and more focused on deal execution activities. We look forward to continuing our relationship with the Atlantic-Pacific team.”
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About Atlantic-Pacific Capital (www.apcap.com) Member FINRA and SIPC
Atlantic-Pacific Capital is the largest privately-owned global placement agent and advisory firm dedicated to raising capital for alternative investments. Since its founding in 1995, the firm has executed more than 80 capital raising assignments aggregating over $60 billion for an extraordinary group of alternative asset managers. Typical mandates include private equity, real estate, real assets, natural resources and infrastructure fund placements. Atlantic-Pacific uniquely provides global marketing distribution and project management execution using a focused and customized approach. With experienced professionals on the ground in New York, Greenwich, Chicago, San Francisco, London and Hong Kong, Atlantic-Pacific maintains a global network of trusted relationships with influential institutional investors.
About Alterna Capital Partners
Alterna invests in Core Capital Assets for the transportation, industrial and energy sectors. The firm looks for income producing assets in developed economies that are essential for expansion and maintenance of productive operations and have the following characteristics: Economically vital, Long useful life, Stable technology. The founders of Alterna are an accomplished team that combines extensive asset and industry knowledge with strong investment experience. The team has more than 100 years of aggregate investment experience having successfully invested more than $2 billion in Core Capital Assets.
For more information on this and prior press releases, please contact:
Alex Leykikh (Partner)
Atlantic-Pacific Capital, Inc.
(203) 862-9182
aleykikh@apcap.com