New York private equity firm Aterian Investment Partners has closed a $256.8 million fund.
The fund, called Aterian Investment Partners II LP, will invest in distressed, underperforming companies, restructurings and carve-outs.
Investors include domestic endowments, foundations, family offices, fund of funds and insurance companies.
Aterian invests in middle market distressed and underperforming companies that generate between $25 million to $500 million in revenue. The firm is invested in Galata Chemicals, Burner Systems International and Bluewater Thermal Solutions.