Profile

Founded in 2010, Altamont Capital Partners (“Altamont”) is a private equity firm focused on transforming and scaling lower-middle market companies through significant business-building and value-creation resources. Altamont makes long-term, control investments in companies within the industrials, financial services and business services sectors where the firm has deep experience and specialized knowledge.

Altamont partners closely with management teams to execute tailored platform-building playbooks, combining strategic vision with hands-on operational support. The firm’s in-house Portfolio Operations team—Altamont Ascend—works alongside its investment professionals to provide functional and sector-specific expertise across the portfolio.

Altamont has invested in over 50 portfolio companies since inception. The firm currently manages over $4 billion of capital and is headquartered in Palo Alto, California, with additional offices in San Francisco and Austin, Texas.

Awards

2025 Top Private Equity Firms, Top 40 Under 40 Growth Investors

2024 Top 40 Under 40 Growth Investors

2023 Top Women Leaders

2022 Top Private Equity Firms

2019 Top Business Services Investors

Features

Lower-Middle Market Leaders: Altamont’s Randall Eason and Keoni Schwartz

GrowthCap’s RJ Lumba spoke with Randall Eason and Keoni Schwartz on October 23, 2025. As Co-Founders and Managing Partners of the firm, Randall leads investments in the industrials sector, while Keoni leads investments in the financial and business services sectors.

Key People

Jesse Rogers, Co-Founder and Chairman

Jesse Rogers is Co-Founder and Chairman of Altamont Capital Partners. Previously, Jesse co-founded and was Co-Principal Managing Director of Golden Gate Capital (GGC). Prior to co-founding GGC, Jesse was a partner at Bain & Company, where he founded and served as the Global Head of Bain’s Private Equity Group (PEG). Under his leadership, PEG became the global leader in advising PE firms. He was also a director and was elected to the firm’s Governance Committee. Jesse began his career as an officer of Morgan Guaranty Trust Company. He received an M.B.A. from Harvard Business School and a B.A. from Stanford University.

Randall Eason, Co-Founder and Managing Partner

Randall Eason is a Co-Founder and Managing Partner of Altamont Capital Partners. At Altamont, Randall leads transactions in the industrials sector. Prior to Altamont, Randall was a Principal at Golden Gate Capital, where he was co-Domain Lead for the firm’s investments in the industrials vertical. In addition, Randall helped to build and manage the firm’s credit investing activities Angel Island Capital. Previously, Randall was a consultant at Bain & Company in the San Francisco office, and he worked in the Business Development group at Williams-Sonoma. Randall received an M.A. degree in Sociology (Organizational Theory) from Stanford University and a B.A., Phi Beta Kappa, in Economics from Stanford University.

Keoni Schwartz, Co-Founder and Managing Partner

Keoni Schwartz is a Co-Founder and Managing Director of Altamont Capital Partners. At Altamont, Keoni leads transactions in the financial services and business services verticals. Prior to Altamont, Keoni was a Principal at Golden Gate Capital, where he served as Domain Lead for the firm’s investments in the financial services vertical and completed transactions in the consumer products and technology sectors. In addition, Keoni helped to build and manage the firm’s public equities investing activities, working extensively on the firm’s public equity investing vehicle, GGC Public Opportunities. Prior to joining GGC, Keoni worked as a consultant in both the Boston and San Francisco offices of Bain & Company. Previously, Keoni also worked as a consultant for The Bridgespan Group, a 501(c)(3) consulting firm. Keoni received a B.A. in History with honors from Princeton University.

Funds Raised

Altamont invests across the industrials, business services, and financial services — often in companies at a pivotal inflection point. These businesses typically benefit from strategic, operational, and financial partnerships to unlock their next phase of growth. While this transformation can demand significant time and resources, Altamont’s experience has shown that the outcomes are often highly rewarding for all stakeholders. 

The firm is currently investing out of its fourth fund.

Key Investments

Accelerant: Invested 2019, went public 2025
Sector: Financial Services

Accelerant is a tech-fueled, vertically integrated insurance risk exchange ecosystem focused on partnering with managing general agencies in the US, Canada, EU, and UK commercial small-and-medium enterprise (“SME”) market.

Big Top Manufacturing: Invested 2024
Sector: Industrials

Big Top is a market-leading designer and manufacturer of semi-permanent fabric structures. Founded in 1979, the company is headquartered in Perry, Florida, and sells to commercial, industrial, and military customers.

Cornerstone: Invested 2020, exited 2025
Sector: Business Services

Cornerstone Advisors is a leading provider of advisory services to banking institutions. From technology systems selection and implementation to contract negotiations, performance improvement, vendor management, strategic planning, and merger and acquisition services, Cornerstone combines expertise with proprietary data to help financial institutions thrive. 

Horizon Investments: Invested 2021
Sector: Financial Services

Horizon Investments is a pioneer in providing modern goals-based investment management. Founded in 1995 and headquartered in Charlotte, Horizon uses goals-based investment strategies – delivered through their proprietary GAIN PROTECT SPEND framework – to help financial advisors and their clients improve the investment experience.

Nutrition 101: Invested 2022
Sector: Industrials

Nutrition 101 (101) is a leading provider of eco-friendly waste management services for food processors and retailers. 101 repurposes food residuals from manufacturers and retailers into nutritious livestock feed, compost, and green energy products like bio-gas – reducing waste, landfill usage, and greenhouse gas emissions. The company is a go-to partner for food manufacturers seeking sustainable and ESG friendly waste management solutions.

Specialized Packaging Group: Invested 2020
Sector: Industrials

Specialized Packaging Group (SPG) is a vertically-integrated provider of protective packaging solutions with 30+ locations across North America. SPG delivers innovative, sustainable packaging solutions that lower total landed cost and streamline the supply chain for its customers. The company’s material-agnostic approach spans wood, corrugated, foam, steel, and plastic packaging systems, enabling customized solutions across diverse end markets

Capital Responsibility

Altamont identifies opportunities for ESG value creation within ACP and in the companies in which it invests. A systematic review of ESG issues is built into the firm’s due diligence process for new investments, and it actively monitors related initiatives at its portfolio companies. Altamont has a committee to oversee this process that helps ensure consistent application of its policies, and the firm empowers the committee to drive change. In general, Altamont seeks to identify and address the key ESG issues in an investment that make a difference in reducing risk or capturing value—often both.

Once areas for action are identified, Altamont works collaboratively with management at its portfolio companies to design and implement change programs. As with any strategic imperative, full buy-in at a company is critical for any major initiative to succeed.

Altamont’s ESG efforts include the following key tenets:

— The firm is committed to diversity of backgrounds and opinion at Altamont and at its partner companies. In particular, diversity on boards is tracked, and steps are taken to correct deficiencies.

— The firm aims to make a positive difference in communities—its own and those of its portfolio companies. This is accomplished through the investment of collective and individual efforts, often in conjunction with portfolio companies, in order to deepen connections to portfolio companies, employees, and communities. The ACP Foundation was established specifically to provide financial support to this effort. In addition, Altamont is a partner of Ownership Works, a nonprofit organization that seeks to increase economic opportunity and prosperity by making broad-based employee ownership a standard across America.

— The firm prioritizes environmental stewardship, sustainability, and climate change initiatives, and supports its companies in making progress in these areas.