Altitude One LP holds a first close ahead of target and remains open to new investors
Altitude One LP fund has held a first close, having exceeded its initial target of £7m and is well on its way to a £15m final close.
The fund focuses on investments of between £500,000 and £3 million into established trading businesses that wish to expand through organic growth or acquisition and supports Management Buy-Outs. The fund represents the first full-time private equity presence on the South Coast since 3i’s Southampton Office closed in 2000.
Altitude’s funds have been raised from private investors wishing to invest in a portfolio of businesses purely focused on capital growth. Unlike private investor clubs, Altitude brings a true institutional fund approach to the private investor market, providing a complete service to its investors from deal origination, selection, investment, diligence, monitoring right through to exit. The fund will remain open to additional investors for a further period of three to six months. By delivering investors a full service, Altitude aims to spread investors exposure across a portfolio of companies and vastly reduce the time and effort that would be required for investors to make individual investments. The fund is seeing very high levels of ‘off market’ deal flow, which is key element in building a strong portfolio.
Altitude One LP currently remains open to new investors.
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