Altamont Capital Partners has closed its first fund with capital worth $500 million. The portfolio will invest in change-intensive, middle market operations across a range of industries, specifically seeking more complex situations where Altamont can partner with management to implement strategic and operational change. The fund will be targeting investments between $10 million and $75 million in equity, basically for control positions. About 10% of the $500 million capital was raised by General Partner and its affiliates.

Click here for the release from PR Newswire.