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Exclusive: Altamont Capital raising second fund

November 26, 2013: 10:48 AM ET

NY66925LOGOPrivate equity firm targets $600 million, but likely will raise much more.

FORTUNE -- Private equity firm Altamont Capital Partners is beginning to raise its second fund, Fortune has learned. Its target is $600 million, but expectations are that it will either meet or exceed its $750 million soft cap.

Palo Alto-based Altamont was formed in mid-2010 by three former partners of Golden Gate Capital, including co-founder Jesse Rogers. It focuses on middle-market companies in need of significant operational or strategic change, and raised $500 million for a debut fund that is almost fully-committed.

Portfolio companies include snowboard maker Mervin Manufacturing, vinyl window manufacturer Cascade Windows and Taco Bell franchisor Tacala LLC. 

Rogers declined to comment on fundraising, due to regulatory restrictions.

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Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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