Golden Gate Capital spinout Altamont Capital Partners has promoted original team member Steve Brownlie to managing director as it nears a $750m final close for its second fund.
Jon Altman and Alex Rolfe, who have also been with Altamont since it was founded in 2010, were promoted to principal while Sam Gaynor and Kevin Mason were made vice presidents.
Melissa Kennedy has also been hired as a vice president by the firm, which hopes to complete its latest fundraise sometime in the first quarter.
Altamont co-founder and managing director Jesse Rogers said, “Steve, Jon, Alex, Sam and Kevin have made extraordinary contributions to the firm and these promotions are richly deserved.
“We welcome Melissa to our team and look forward to working with her.”
Altamont gathered $500m for its debut fund in February 2011, a year after it was founded by former Golden Gate trio Rogers, Randall Eason and Keoni Schwartz.
All three had also previously worked for Bain & Company.
Altamont said it was targeting investments per deal of between $10m and $75m in equity, primarily for control positions in mid-market companies.
The firm has more than $1bn of capital under management according to its website, suggesting it has less than $250m to go to hit the target for its second fund.
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