(Altamar) September 5, 21011 – Altamar Private Equity, a leading Southern European Private Equity Fund of Funds manager based in Madrid (Spain) has recently announced that it is opening a new office in Santiago (Chile) during the month of September 2011. Alvaro González, a senior investment officer from Altamar, will be heading the newly opened office in Chile. Inés Andrade has been made partner at the firm and will be responsible for its activities in Latin America.
Additionally, the firm has launched its fifth fund (Altamar V Private Equity Program, FCR) whose objective is to invest in mid market private equity funds in Europe, USA and Asia. Altamar V had a closing at the end of July 2011, having raised thus far a total of € 120M (US$ 175M). Altamar estimates that it will reach € 200M (US$ 290M) by the end of 2011 and the target of € 250M (US$ 360M) by its final close due to take place during the first half of 2012. Of this final amount, it is expected that two thirds will come from investors in Spain and one third from investors in Latin America.
Altamar currently manages € 1,200M (US$ 1,700M) and will continue to grow in future years by expanding its investment activities further into Emerging Markets (Asia and Latin America).
For more information on Altamar, visit www.altamarcapital.com