Aterian Investment Partners (“Aterian”), an operationally-focused middle market private equity firm, has completed fundraising for Aterian Investment Partners III, LP (“Aterian III”). Aterian III officially came to market in May 2018 and closed approximately seven weeks later. The first and final closing was held in July with more than $350 million of aggregate committed capital. Aterian III received interest from both new and existing investors. The investor base is comprised of endowments, foundations, family offices, insurance companies, pension plans and fund-of-funds.
With Aterian III, Aterian will continue its focus on investing into proven franchises generating $25 million to $500 million of revenue and providing resources to further enhance operations, growth or investment initiatives. Since its founding in 2009, Aterian has closed on three private equity fund partnerships totaling more than $715 million of aggregate committed capital.
Aterian’s founders, Brandon Bethea, Michael Fieldstone and Christopher Thomas commented: “We are incredibly grateful for the continued confidence from our existing investors and look forward to expanding those relationships. We also welcome our new investors who each bring a unique perspective to Aterian. We are thrilled to establish relationships with them through Aterian III. Furthermore, we appreciate the support of our previous and current management teams as well as our investment banking, lending and advisor relationships. We have grown the team considerably and will continue to drive value in the existing portfolio, invest in new opportunities and create value on behalf of all of our investors.”
UBS Securities LLC acted as the exclusive placement agent and Kirkland & Ellis LLP served as legal counsel for Aterian III.
About Aterian Investment Partners
Aterian Investment Partners is an operationally-focused middle market private equity firm that provides resources to companies to further enhance operations, growth and investment initiatives. The firm invests in proven franchises generating $25 million to $500 million of annual revenue. After making an investment, Aterian, in partnership with management, seeks to focus on the critical growth, operational and liquidity initiatives of a business in an effort to drive value creation for all stakeholders.
For more information, please visit http://www.aterianpartners.com.