New York-based private equity firm Vanterra Capital has closed its first round of USD152m for its debut fund less than four months after commencing operations.
New York-based private equity firm Vanterra Capital has closed its first round of USD152m for its debut fund less than four months after commencing operations.
Vanterra anticipates another closing to reach USD300m by early next year in addition to the separate accounts that it will manage.
Vanterra invests in smaller and emerging private equity funds and makes direct equity investments focused on the lower middle market.
It selects managers with differentiated strategies and seeks to leverage its investments in these managers to pursue select co-investment opportunities as well as execute direct deals sourced through its proprietary origination network.
Shad F. Azimi, principal at Vanterra, says: ‘The current market dislocation and capital scarcity has created tremendous opportunities for our strategy. In fact, the significant interest in our fund, in spite of the challenging fundraising market is validation of our thesis. We focus on identifying lower middle market funds with unique strategies that target high growth markets characterized by greater market inefficiencies, more proprietary deal flow, and less leverage – all of which lead to greater value creation opportunities.’
Vanterra, whose principal investor is an affiliate of Quadrant Management, is focused on identifying opportunities in the US lower middle market as well as in specific emerging markets such as India, China, the Middle East, Africa, and Eastern Europe.
Alan Quasha, principal at Vanterra and chief executive of Quadrant Management, says: ‘In the current investment environment, deal structuring and execution are no longer considered competitive advantages, but rather prerequisites for success. The powerful information flow created through our extensive network of underlying fund managers, portfolio company management, and value-added investor base gives us a unique competitive advantage and the data and insights necessary to generate superior investment returns.’
