
Bogotá, Colombia (January 28, 2013) - Altra Investments ("Altra") recently announced the closing of its second fund, Altra Private Equity Fund II, L.P., and parallel investment funds, with total commitments of $355.8 million, exceeding its original target of $300 million due to support from existing investors and significant demand from new investors.
Limited partner commitments were secured from a diversified group of institutional investors from North America, South America, Europe, Asia and the Middle East. Among these institutions were leading public and private pension funds, funds-of-funds, family offices, sovereign wealth funds, endowments and foundations.
Stanwich Advisors, LLC acted as the financial advisor and placement agent for the offering.
About Altra
Investments
Founded in 2005, Altra is a value oriented buyout firm focused on
midcap companies in the Andean region with offices in Bogotá,
Colombia and Lima, Peru. Altra seeks to make investments in
companies that have significant potential for improved performance
and growth. Within the midcap segment, Altra acquires control and
"effective control" positions in companies to operate in industries
that are large, highly fragmented, and/or significantly
underpenetrated. In this context, the firm targets equity
investments of $20 million to $50 million in companies with
revenues ranging from $15 million to $100 million. Altra estimates
that there are currently over 3,200 such companies in Colombia and
Perú, a significant majority of which are family-owned and/or
closely held and have the potential to represent excellent
candidates for improved performance and growth in conjunction with
Altra's equity sponsorship. For more information on Altra
Investments, please visit www.altrainv.com.
About Stanwich
Advisors
Founded in 2003, Stanwich Advisors, LLC is a boutique investment
bank focused exclusively on providing advisory and fundraising
services to private equity and venture capital partnerships
globally. Stanwich Advisors utilizes its seasoned investment
banking and private placement team to provide senior hands-on
execution for a select number of clients each year. Since 1996, the
Stanwich Advisors Principals have raised over $17 billion for more
than 40 private equity funds across a wide range of investment
strategies. For more information on Stanwich Advisors, please visit
www.stanwichadvisors.com.