Atlas Holdings has held a first and final close of its third private equity investment fund, Atlas Capital Resources III LP. Atlas began fundraising in January 2018 and the new fund closed at its hard cap of $1.675 billion.
Atlas makes control investments in companies experiencing financial or operational stress. Atlas has been an active acquirer of underperforming or discontinued operations from corporate sellers and has acquired businesses through bankruptcy purchases, out-of-court restructurings and reorganizations. The new fund will continue this investment strategy with a particular focus on industrial sectors in which it has substantial operating experience. Sectors of particular interest include automotive, building materials, capital equipment, energy, industrial services, packaging, pulp, paper, and tissue, steel, and logistics, supply chain management and distribution.
“We are gratified to have reached our self-imposed hard cap due to the tremendous demand for Fund III from our closest existing relationships as well as a number of new partners,” said Andrew Bursky, Atlas’ co-Founder and Managing Partner. “The firm’s proven investment strategy, team and historical track record attracted a diverse group of exceptionally high-quality investors in a short amount of time.”
Atlas is an industrial holding company that operates in a number of sectors and its portfolio companies generate in excess of $5 billion in revenues annually. The company is headquartered in Greenwich, CT (www.atlasholdingsllc.com).
The firm’s earlier fund, Atlas Capital Resources II LP, closed in December 2013 at its hard cap of $900 million after just 3 months of fundraising. With the closing of Fund III, the firm now manages approximately $3 billion of capital.
Capstone Partners served as the placement agent for Fund III and Proskauer Rose provided legal services.
© 2018 Private Equity Professional | April 10, 2018
