Altra Nets $355 Million For Second South America Fund

Jan 31 2013 | 11:16am ET

Private equity firm Altra Investments has closed its second fund with more than $350 million in commitments.

The firm had sought $300 million for the pool and its parallel investment funds and got $355.8 million, it said this week. Altra focuses on mid-cap Andean South America, with offices in Bogotá, Colombia, and Lima, Peru, seeking effective control over companies.

Altra Private Equity Fund II received commitments from both new and existing investors, including all manner of institutional investors from around the world. It was raised with the help of Stanwich Advisors, which served as financial adviser and placement agent.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of