ATL Advisor Closes the Aerospace, Transportation and Logistics Fund II LP
New investment vehicle brings total equity commitments managed to over $1.6 billion since 2015
PR Newswire
NEW YORK, April 4, 2019
NEW YORK, April 4, 2019 /PRNewswire/ — ATL Partners (“ATL”), a private equity firm focused on investments in the aerospace, transportation, and logistics sectors, is pleased to announce the final close of the Aerospace, Transportation and Logistics Fund II LP (“ATL II”) with $575 million in capital commitments. The closing brings ATL’s total equity capital managed to over $1.6 billion, including capital managed in ATL II, capital managed in a prior fund, and co-investments.
Fund II represents ATL’s first multi-limited partner investment vehicle and broadens its investor base to include leading pension funds, asset managers, family offices, and funds of funds in North America and Asia.
ATL II targets platform investments with $300 million to $2.5 billion of enterprise value utilizing equity contributions of up to $150 million from Fund II plus significant equity co-investment.
“We are happy to have such strong support from a distinguished group of large, well-known, and sophisticated limited partners,” said ATL Partners CEO Frank Nash. “ATL will continue to leverage its deep sector expertise and industry experience to execute investments that are positioned to benefit from the secular growth trends in our focus sectors.”
ATL has already deployed capital from Fund II in two significant platform investments: Pilot Freight Services, a global provider of expedited and time-definite domestic and international freight forwarding, e-commerce / last mile home delivery, and value-added logistics; and Rock-It Cargo, a provider of high-touch, mission-critical air, ocean, and surface freight forwarding to the music touring, fine art, sports, broadcasting, corporate event, and industrial special project end markets.
About ATL Partners
ATL Partners is a private equity firm focused on control investments in the aerospace, transportation and logistics sectors, principally in North America. ATL brings deep sector expertise to its investment approach with seven investment professionals and six Executive Board members who have decades of combined operating experience in each of ATL’s core sectors. For more information, visit www.atlpartners.com.
Contact: Chris Tofalli
Chris Tofalli Public Relations
+1 914 834 4334
[email protected]
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SOURCE ATL Partners