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Adviser Profile

As of Date 03/28/2024
Adviser Type - Large advisory firm
Number of Employees 9
of those in investment advisory functions 6
Registration SEC, Approved, 02/23/2012
AUM* 174,520,944 -26.48%
of that, discretionary 174,520,944 -26.48%
Private Fund GAV* 174,520,944 -26.48%
Avg Account Size 43,630,236 -26.48%
SMA’s No
Private Funds 4
Contact Info 203 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
263M 226M 188M 150M 113M 75M 38M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count4 GAV$174,520,944

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Brochure Summary

Overview

The investment adviser entity, Altus Capital Partners, Inc. (“Altus” or the “Firm”), was established in 2002 and commenced operations in 2003. Altus focuses on investing in private manufacturing companies. The Firm makes controlled investments in manufacturing companies, generally with estimated enterprise values between $30 and $100 million. The Firm is principally owned by Russell Greenberg (President) and by Gregory Greenberg (Vice President). The Firm’s Partners, who have voting authority on the Firm’s Investment Committee, are Russell Greenberg, Gregory Greenberg, and Heidi Goldstein. Limited to the private equity sphere, Altus provides portfolio management and administrative services to private equity funds (the “Funds”) and co-investment funds (the “Co-Invests”). Altus’ services are provided pursuant to the negotiated operating agreements for each pooled investment vehicle, which delineates the specific terms of the relationship. Altus's services to the Funds generally include analyzing, structuring, and negotiating potential investments, monitoring the performance of portfolio companies, and advising the respective Fund on disposition opportunities. These recommendations are communicated to the fund's General Partners, who delegate investment discretion to Altus. The Funds’ objectives are to make private equity or equity-related investments in manufacturing companies. Focusing on the industrial sector, the Funds seek to invest in companies with a defensible market niche, proprietary technology, and strong brand recognition. Altus generally takes a controlling ownership or voting interest
in a portfolio company and, through its board position, partners with the management of the portfolio company to strive to realize the portfolio company’s full potential. Altus supports each investment with human or capital resources required for further growth and regularly monitors each portfolio company from acquisition through exit to identify opportunities for creating value. Pursuant to the investment strategy, there are situations where a co-investment vehicle is created. Generally, co-investment opportunities are or would be offered to current investors, members of the fund’s general partner, operating advisors, or any person who assisted with the investment sourcing or services or prospective investors. There are situations where the Firm would limit the offering in terms of minimum investment and to less than 100% of existing limited partners. The risk profile is greater in a co-investment since they invest in only one company. As a result, the higher risk due to concentration is not suitable for all investors. Co-Invests are formed following the execution of operating and subscription agreements. The Firm generally is the Managing Member in the Co- Invests. The Co-Invests invest directly in the portfolio company alongside the main Fund. The Co-Invest typically is an advisory client of Altus. Altus does not participate in wrap-fee programs. Form ADV Part 2A Investment Adviser Brochure Page 5 As of December 31, 2023, Altus has a total of approximately $174,520,944 in discretionary assets under management. Please see Item 8 for more information on advisory services and strategies.