Atlantic Street closes third fund at $210 mln

Atlantic Street Capital has raised $210 million for its third fund, beating its $200 million target. Atlantic Street Capital III LP will back lower-middle market companies with investments averaging between $10 million and $30 million.


STAMFORD, CT, October 19, 2016 – Atlantic Street Capital, a private equity firm targeting entrepreneurial businesses poised for the next level of growth, announced today the closing of Atlantic Street Capital III, LP (“Fund III”) with $210 million of committed capital, surpassing its target of $200 million.

Peter Shabecoff, Atlantic Street Capital founder and Managing Partner, said, “Atlantic Street has built a successful track record and our third fund is a significant endorsement of our ability to leverage proven operating experience to drive transformations of our portfolio companies. With the completion of our latest fund we are now very well positioned to continue investments in our target industries as we work collaboratively with management teams to accelerate growth and create exceptional strategic value for all stakeholders.”

Atlantic Street received strong support for Fund III from existing investors and also added a number of new investment partners.

Atlantic Street invests in fundamentally sound, established companies in the lower middle market with a particular focus on entrepreneur and family owned businesses. Equity commitments are between $10 million and $30 million.

Managing Partner Andy Wilkins added, “We remain enthusiastic about the rich pipeline of prospective investments we have identified for Fund III. We are confident we have the right team to execute our differentiated value creation strategy that will transform middle market companies and deliver value for our investors.”

Atlantic Street has 15 investment professionals who have built a collaborative culture with cumulative experience in private equity, general management, financing, investment banking and law.

Morrison Cohen served as legal counsel for Atlantic Street Capital III fundraise.

About Atlantic Street Capital
Atlantic Street Capital is a private equity firm that invests in middle market companies with between $4 million and $12 million in EBITDA. The firm invests in fundamentally sound companies that will benefit from capital investment and value-adding strategic and operational initiatives. Atlantic Street Capital’s partners are hands-on investors who work closely with management to unlock their business’ underlying value and help them succeed. The firm is currently investing from Atlantic Street Capital III, LP. For more information, visit