Altamont Capital Partners has added Dave Odenath to the firm as an Operating Partner. Mr. Odenath will focus on investment opportunities in the financial services sector, and will spearhead a buy-and-build business strategy to create a distribution-led asset management company.
“We are thrilled to welcome Dave to our team. His relationships and expertise in the financial services industry, together with his track record of building and leading successful businesses in the sector, will make Dave a valuable partner as we pursue investment opportunities and execute on our asset management business strategy. We believe that a distribution-centered strategy is the right approach given the market environment,” said Keoni Schwartz, Managing Director of Altamont.
Mr. Odenath has extensive operational and leadership experience from a 30+ year career in financial services. Most recently he was a Senior Executive Vice President and Head of the Americas at Legg Mason, where he oversaw over $500 billion of assets across several asset management businesses, as well as Legg’s domestic mutual fund company.
Prior to Legg Mason, he was President of Prudential Annuities, during which time he acquired and integrated variable annuity businesses totaling $45 billion of assets under management while reshaping the business into a leading player in the market place. Prior to that, he was President of Prudential Investments, a $120 billion retail investment platform.
“I am extremely excited to be partnering with the Altamont team to pursue our strategy. After extensive research, I think that Altamont’s perspective on the market and track record of successfully acquiring and adding value to businesses makes the firm a perfect partner. I’m confident that our blend of skills and experience will generate fantastic investment opportunities,” said Mr. Odenath.
Altamont Capital Partners invests in middle market businesses with specific interest in the government services, financial services, consumer/retail, industrials, and healthcare sectors. Altamont has approximately$1.3 billion of capital under management. The firm was formed in 2010 by Jesse Rogers, Randall Eason and Keoni Schwartz who previously worked together at Golden Gate Capital and Bain & Company. Altamont Capital Partners is based in San Francisco (www.altamontcapital.com).
2014 PEPD • Private Equity’s Leading News Magazine • 9-12-14