Altas Partners, a long-term oriented investment firm, has held second and final close for its second fund, Altas Partners Holdings II LP, with US $3 billion of limited partner capital commitments. The Fund closed at its hard cap and was oversubscribed.
Park Hill Group LLC acted as placement agent.
Founded in 2012 by Andrew J. Sheiner, Toronto based Altas Partners is an investment firm with a long-term orientation focused on acquiring significant interests in high-quality, market-leading businesses in partnership with outstanding management teams.
The Fund II will be managed by GPs, Sheiner, Christopher McElhone, Paul Nicoletti, and Scott Werry.
photo credit: Altas Partners
Altas Partners Closes US$3 Billion Fund
November 04, 2019 09:30 AM Eastern Standard Time
TORONTO–(BUSINESS WIRE)–Altas Partners (“Altas”), a long-term oriented investment firm, announced today the final closing of its second fund, Altas Partners Holdings II LP (“the Fund”), with US$3 billion of limited partner capital commitments. The Fund closed at its hard cap and was oversubscribed.
“We are grateful for the enthusiastic response to the Fund,” said Andrew Sheiner, Founder and Managing Partner of Altas, “and we remain singularly focused on creating lasting value for our investors as an engaged owner of high-quality businesses.”
Altas differentiates itself through a distinctive approach to investing, building its portfolio slowly and carefully over time and enjoying a flexible time horizon as an owner. With the Fund, Altas will continue to execute the firm’s strategy of investing in one or two high-quality, market-leading businesses each year.
“We are fortunate to enjoy the support of a wonderful group of global partners,” added Katie Taylor, Chair of Altas. “We look forward to building upon our strong foundation in the years ahead, and to enhancing our reputation as a partner of choice for management teams.”
About Altas Partners
Founded in 2012, Altas Partners is an investment firm with a long-term orientation focused on acquiring significant interests in high-quality, market-leading businesses in partnership with outstanding management teams. The firm manages approximately US$7 billion on behalf of endowments, foundations, family offices, public pension funds and other institutional investors. The firm’s past and present portfolio companies include DuBois Chemicals, University of St. Augustine for Health Sciences, Tecta America, Hub International, PADI, Medforth Global Healthcare Education, Capital Vision Services (MyEyeDr.), and NSC Minerals. For more information, please visit www.altas.com.
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