Palo Alto, California. July 31, 2017 – Altamont Capital Partners (“Altamont”), the San Francisco Bay Area-based private equity firm with over $2 billion under management, announced today that Richard Asprey has joined the firm as an Operating Partner. Mr. Asprey will focus on investment opportunities and advising Altamont portfolio companies in the insurance and reinsurance sectors.
Most recently, Mr. Asprey was the CEO of Celestite Insurance Group, a nonstandard auto managing general agency issuing polices and administering claims on behalf of a consortium of insurance and reinsurance companies. Previously, he worked in a number of different capacities in both insurance distribution and underwriting, including at ACE, Odyssey Re, and Lowndes Lambert Group (now part of Arthur J. Gallagher). Mr. Asprey started his career in insurance as an apprentice at age 16 at Lloyds of London.
Commenting on joining Altamont, Richard remarked, “I am excited to commence a new partnership with Altamont. I enjoyed working together during their investment in Celestite and am excited to start looking at new opportunities together across a variety of areas within the insurance space.”
Keoni Schwartz, Managing Director of Altamont further added: “We are very excited to officially welcome Richard to the team. We have had a tremendous amount of respect for him since our first meeting and feel lucky to be adding his skillset and intellect to Altamont. The insurance sector is one of our key focus areas and we look forward to Richard’s help in broadening our reach within it.”
ABOUT ALTAMONT CAPITAL PARTNERS
Altamont Capital Partners is a private equity firm based in the San Francisco Bay area managing over $2 billion in capital, focused on investing in change-intensive middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries.