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Altamont Capital Partners
Founded in 2010, Altamont Capital Partners ("Altamont") is a private equity firm focused on transforming and scaling lower-middle market companies through...
Altamont Capital Partners
Founded in 2010, Altamont Capital Partners ("Altamont") is a private equity firm focused on transforming and scaling lower-middle market companies through significant business-building and value-creation resources. Altamont makes long-term, control investments in sectors where we have deep experience and specialized knowledge, and partners with management teams to execute proven and repeatable platform-building playbooks. Since inception, Altamont has invested in over 45 companies operating across the Industrials, Business Services, Financial Services, and Franchising & Multi-Unit sectors. Altamont currently manages over $4 billion of capital and is headquartered in Palo Alto, California, with additional offices in San Francisco and Austin, Texas.
General information
Firm type
Generalist
Year founded
2010
AUM
$4B+ (per firm website, 2025)
Location
Region
North America
Country
United States
City
Palo Alto
Corporate office
Palo Alto, CA, United States
Principals
Jesse Rogers
Co-Founder & Chairman
Randall Eason
Co-Founder & Managing Partner
Keoni Schwartz
Co-Founder & Managing Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Altamont Capital Partners?
Jesse Rogers, Randall Eason and Keoni Schwartz co-founded the firm in 2010 and remain the senior decision-makers as Chairman and Managing Partners, respectively. The investment team includes six additional Managing Directors — Chase Beeler, Sam Gaynor, Kevin Mason, Wandé Olabisi, Jim Kunihiro (who leads portfolio operations) and Kristin Johnson (business development) — and a 20-person deal-execution group.
How does Altamont source proprietary deal flow?
Altamont targets founder- and family-owned lower middle-market businesses — typically $10–30M in EBITDA — where it can act as the first institutional capital partner. A dedicated business-development team led by Managing Director Kristin Johnson cultivates proprietary, relationship-driven opportunities, often years in advance of a transaction.
Does Altamont participate in fund commitments or only direct deals?
Altamont makes control investments directly into operating companies and does not operate as a fund-of-funds or commit to external managers. The firm invests its own partnership capital alongside each fund, making it one of the largest LPs within its own vehicles.
What investment stages and situations does Altamont target?
Altamont structures control equity investments in situations including family and founder successions, corporate carve-outs, public-to-private transactions, restructurings and growth recapitalizations. The firm does not invest at the venture or growth-equity stage — its model requires majority ownership and the ability to deploy the Altamont Ascend operating playbook.
Which sectors does Altamont explicitly avoid?
The firm concentrates exclusively on Industrials, Business Services and Financial Services. Technology, healthcare and consumer-facing businesses sit outside its current mandate, though its portfolio history includes legacy-consumer and franchising investments that appear to be runoff or realized positions.
Does Altamont maintain philanthropic structures, and how are they separated?
Altamont operates the ACP Foundation, which channels portfolio-company and firm-level giving. It is also a founding partner of Ownership Works, a nonprofit that builds broad-based employee-ownership programs at portfolio companies. Both sit outside the fund structure.
What is Altamont's posture on co-investments alongside external GPs?
Altamont does not publicly offer co-investment rights to external institutional investors on a deal-by-deal basis; its model is structured around committed fund vehicles. The firm's own partnership is the primary co-investor in each deal, ensuring full alignment, and the employee-ownership programs it supports extend participation to portfolio-company workforces.
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