Altamont Capital Partners is focused primarily on making long term, control investments in middle-market businesses. Sectors in which the firm invests include business services, consumer, financial services, healthcare, industrials, restaurants and multi-unit.
Based in Palo Alto, Calif., Altamont has more than $4.5 billion of capital under management.
How has your firm adjusted its workplace environment and policies in a post-pandemic world?
Altamont has always held a belief that employees in the private equity industry need flexibility in order to create a work-life balance, and the firm has sought to include that in policies surrounding benefits, tools built into the firm’s process, and locations to work from.
Given the industry often requires travel, Altamont has continuously provided an unlimited and flexible PTO policy which does not require employees to accrue time off, but allows them to use it when it makes the most sense in terms of the lifecycle of a deal.
Have you changed any policies toward in-person, virtual and hybrid work arrangements?
Due to the nature of the industry, there has always been a sense of hybrid work experience for Altamont Capital Partners’ team members. The firm chose to use the pandemic as an opportunity to take the best of the virtual and pre-pandemic in-person experiences to create its current hybrid environment by reaching out to its employees and encouraging them to have a voice as to what they want and need, and structuring our hybrid policy around them.
Altamont anticipates this to continue and sees the future work structure to be fluid based on its employees’ needs.
How have you incorporated DEI into your firm’s culture going forward?
Altamont has implemented significant efforts this past year to advance diversity on its boards, with a measurable goal ensuring representation by women and people of color on the board of each controlled Altamont portfolio company by the end of the year.
Altamont has also worked to launch a series of programming to enhance opportunities for women in private equity. This includes creating small periodic lunch groups, check-ins, and other opportunities to support women in their professional development.
While Altamont has always prioritized inclusion in the firm, the goal this past year was to make these processes systematic and organized, with opportunities for continued expansion. Altamont recently joined MidOcean Partners in their Women’s Awareness Initiative, a program designed to bridge the gender diversity gap in the asset management industry.
Altamont is also a proud signatory of the Institutional Limited Partners Association (IPLA) Diversity in Action initiative.
For the full list of 2022 PE Workplace Pioneers, see here.