Altas Partners collected $4 billion of capital commitments for its third fund, which is one-third larger than the firm’s previous fund.
Altas Partners Holdings III will continue the $10 billion private equity firm’s strategy of targeting five to seven businesses that the team is excited to own and build, officials said. Founded in 2012 by former Onex Corporation Managing Director Andrew Sheiner, Altas has offices in Toronto and New York City.
“Our firm employs a particularly discerning approach to private equity investing, looking for only one or two new opportunities each year that fit our framework and where we have high conviction,” said Sheiner. “We focus on acquiring wonderful businesses with meaningful growth potential and engaging closely with our management teams as a valued partner.”
Since the firm’s inception, the team has acquired 10 market-leading businesses with the expectation of completing its latest investment in a few months that will be its first in more than two years.
Aryella Frommer, partner at Altas added, “We look forward to building upon our strong foundation in the years ahead, as we continue to serve as careful stewards of our investors’ capital, and as a collaborative partner to our management teams.”
