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Aterian replicates speedy fundraise to collect $830m in nine weeks, doubles predecessor fund size

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Mid-market investor Aterian Investment Partners has closed its fourth fund with over $830m of capital commitments in just nine weeks, doubling the size of its predecessor fund.

The firm previously closed Fund III on more than $350m after just seven weeks in the market in 2018.

 

Aterian said Fund IV would continue the strategy of investing in franchises generating $50m to $750m of revenue.

Firm founders Brandon Bethea, Michael Fieldstone and Christopher Thomas, said in a joint statement, “The Aterian team is incredibly thankful for and humbled by the continued support from our existing investors and the relationships built with a select group of new investors.  We are grateful to have partnered alongside remarkable companies, managers, family/founders and sellers who share our values by building trust, being impactful, fostering vibrant cultures and succeeding as one team.  We are also appreciative of our extended strategic relationships including the investment bankers, lenders and advisors that share in Aterian’s development as a firm.”

Aterian had raised over $1.5bn in capital and invested in over 40 businesses since its founding in 2009.

Its last fundraise came five years after a similarly speedy process for Fund II, which gathered just over $256m to reach its hard cap after about four months in the market.

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