Jesse Rogers’ Altamont Capital Partners Closes First Fund With $500 Million

Palo Alto-based Altamont Capital Partners has officially closed its first fund with $500 million, roughly 10 percent of which has come from the general partner and its affiliates. The firm is the newest offering by PE vets Jesse Rogers, Randall Eason, and Keoni Schwartz, who’ve previously worked together at both Golden Gate Capital and Bain & Co.

PRESS RELEASE: 
 
PALO ALTO, Calif., Jan. 27, 2011 /PRNewswire/ — Altamont Capital Partners (Altamont), a private equity firm based in Palo Alto, today announced that it has successfully closed its first fund with $500 million of capital, with approximately 10% coming from the General Partner and its affiliates. Altamont was formed in 2010 by private equity veterans Jesse Rogers, Randall Eason and Keoni Schwartz. The fund will invest in change-intensive, middle market businesses across a range of industries, specifically seeking more complex situations where Altamont can partner with management to implement strategic and operational change. The fund will target investments between $10-75 million in equity, primarily for control positions.

Altamont’s Managing Directors, Jesse Rogers, Randall Eason, and Keoni Schwartz, who previously worked together at Golden Gate Capital and Bain & Company, have a successful track record employing this investment strategy.

Commenting on the announcement, Jesse Rogers, Altamont Managing Director said: “We are thrilled to launch Altamont and feel fortunate that our inaugural fund has the support of a premier group of investors drawn from around the world. We are excited about our team and about the opportunities we see in the market.”

Rogers continued: “We are particularly drawn to companies that are constrained from realizing their full potential, and we have significant experience working with management teams to build success stories across a range of industries and transaction types. Our returns are driven much more by helping build and improve businesses than by financial engineering. We are flexible, and have freedom to quickly tailor creative, customized solutions which best fit the unique needs of complicated transactions. We pride ourselves on our ability to address these complexities, which are often difficult to analyze, and require substantial time and resources.  With patient capital enabled by a longer than average fund life, we believe Altamont is uniquely equipped to work with management teams and business owners.”