Altamont Capital Partners, a Palo Alto, CA-based private equity firm, has closed its first fund with $500m of capital.
Approximately 10% of the commitments comes 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 focuses on change-intensive, middle market companies across a range of industries, including business services, financial services, industrials, healthcare, consumer and retail, targeting investments between $10-75m in equity, primarily for control positions.
Altamont will seek more complex situations where its team can partner with management to implement strategic and operational change.