Atlas Holdings LLC (“Atlas”) today announced the first and final close of its fourth private equity investment fund, Atlas Capital Resources IV LP (“ACR IV”). Atlas began fundraising in November 2020 and closed ACR IV at its hard cap of $3.1 billion. As of the closing, Atlas manages more than $6.0 billion of capital.
Atlas focuses on control investments in companies experiencing financial or operational stress. In both robust and challenging points in the business cycle, Atlas has demonstrated the ability to identify compelling investment opportunities, surround its companies with great talent, management teams and operational resources and facilitate the transformation of underperforming operations to create value. The multifaceted human and operational challenges caused by the global COVID-19 pandemic illustrated Atlas’ distinctive capabilities, honed over several decades. Not only did Atlas’ existing portfolio companies perform well amidst unprecedented economic headwinds but Atlas also completed several strategic acquisitions, effectively doubling the total workforce of its companies around the globe to more than 40,000. The Atlas team’s deep-rooted experience operating in industries facing distress – and the ability to nimbly complete diligence and to execute in a highly disrupted environment – enabled Atlas to accelerate its growth during this challenging period.
“Atlas has established a well-defined and highly differentiated approach to both investing capital and supporting our existing businesses. That approach has remained constant for decades and has enabled our private equity funds to systematically deliver value to our investors. We are extremely grateful for the continued strong support from our long-standing institutional partners as well as the tremendous demand from a large group of new partners from across the globe,” said Andrew Bursky, Atlas’ Co-Founder and Managing Partner.
Read more/Source: PRNewswire
