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.