Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

May 31, 2024
Written By: Diana Marin

ALTERNA EQUITY PARTNERS ANNOUNCES CLOSING OF FUND I

Fort Lauderdale – May 31, 2024 – Alterna Equity Partners (“AEP”), a South Florida-based lower middle-market private equity firm, proudly announces the successful closing of its inaugural fund, Alterna Equity Partners Fund I (“Fund I”).

Fund I, focused on majority investments in companies generating $3-15+ million in EBITDA, builds upon the extensive experience of AEP’s principals in investing in lower middle-market founder- and family-owned businesses. AEP invests in business services, industrials, healthcare services, technology, transportation & logistics and financial services companies throughout the U.S. with a focus on the south and southeast. AEP’s mission is to collaborate with entrepreneurs in a partnership-oriented approach, facilitating the continued growth and expansion of their businesses. AEP received significant support from its limited partners, comprised of institutions, family offices and individuals.

Robert Konrad, Managing Partner at AEP, commented, “we’re pleased with the early progress of our existing portfolio, and given a challenging 24 months in the overall private fundraising environment, there has been quite a positive response to AEP’s strong commitment to fostering partnerships with owners and founders, ensuring economic alignment and shared success with stakeholders. This strategy has resonated well with LPs who appreciate the value-add and differentiation in AEP’s approach to the business.”

Following an earlier initial closing, AEP began building out its team and deploying capital. Fund I has successfully closed its first two platform investments, Mod Op and Bulk Express, and is actively seeking new platform investments.

Casey Swercheck, Partner at AEP, further commented, “we believe the current market environment provides a strong backdrop for AEP’s partnership-oriented approach to investing, especially within Fund I’s core focus in the lower middle-market. There is a tremendous opportunity to provide meaningful impact to these businesses in a relatively short timeline, increasing value in the process through performance improvement while supporting founder’s visions for growth and expansion.”

Greenberg Traurig, LLP served as legal counsel to AEP.

 

About Alterna Equity Partners

Alterna Equity Partners is a private equity firm based in South Florida focused on making control and non-control investments in lower middle-market U.S. companies. We seek stable, established companies and back strong management teams and operating partners that are poised for growth. Our differentiated strategy is centered on the long-standing focus on founder- or family-owned mid-size businesses and a deep understanding and appreciation of the unique challenges and opportunities such businesses present. Alterna Equity Partners prioritizes opportunities that offer strong alignment with founders and operators to execute both organic and inorganic pre-identified growth strategies. To learn more, please visit www.alternaequitypartners.com.

For Information, Contact

Rob Konrad
Alterna Equity Partners
Managing Partner
info@alternaequitypartners.com

Casey Swercheck
Alterna Equity Partners
Partner
cswercheck@alternaequitypartners.com

Related News

November 19, 2024

Alterna Equity Partners Recognized in Inc. Magazine’s 2024 Founder-Friendly Investor List

Alterna Equity Partners (“AEP”) is excited to be recognized as an honoree of Inc. Magazine’s 2024 Founder-Friendly Investor award.
February 15, 2022

ALTERNA EQUITY PARTNERS ANNOUNCES INVESTMENT IN MOD OP

Mod Op is based in Miami, and has offices in Dallas, Kansas City, Los Angeles, Portland, Minneapolis, New York and Panama City, Panama, servicing clients globally for over 20 years.
June 3, 2021

Alterna Equity Partners Announces Launch of Inaugural Private Equity Fund

AEP private equity fund, focuses on control and non-control investments in lower middle market companies in the United States.