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Altamont Capital Partners partners with Dave Odenath to pursue financial services investment opportunities and build a distribution-led asset management company

09.08.14

Altamont Capital Partners partners with Dave Odenath to pursue financial services investment opportunities and build a distribution-led asset management company

Palo Alto, California, September 8, 2014 – Altamont Capital Partners (“Altamont”), the San Francisco Bay area-based private equity firm with over $1 billion under management, announced today that Dave Odenath has joined the firm as an Operating Partner. Mr. Odenath will focus on investment opportunities in the financial services sector, and will spearhead a buy-and-build business strategy to create a distribution-led asset management company.

Keoni Schwartz, Managing Director of Altamont, commented: “We are thrilled to welcome Dave to our team. His relationships and expertise in the financial services industry, together with his track record of building and leading successful businesses in the sector, will make Dave a valuable partner as we pursue investment opportunities and execute on our asset management business strategy. We believe that a distribution-centered strategy is the right approach given the market environment.”

Mr. Odenath has extensive operational and leadership experience from a 30+ year career in financial services. Most recently he was a Senior Executive Vice President and Head of the Americas at Legg Mason, where he oversaw over $500 billion of assets across several asset management businesses, as well as Legg’s domestic mutual fund company.

Prior to Legg Mason, Dave was President of Prudential Annuities, during which time he successfully acquired and integrated variable annuity businesses totaling $45 billion of assets under management while reshaping the business into a premier player in the market place. Prior to that, he was President of Prudential Investments, a $120 billion retail investment platform where he earned Mutual Fund Marketer of the Year honors from his industry peers.

Mr. Odenath added: “I am extremely excited to be partnering with Altamont team to pursue our strategy. After extensive research, I think that Altamont’s perspective on the market and track record of successfully acquiring and adding value to businesses makes the firm a perfect partner. I’m confident that our unique blend of skills and experience will generate fantastic investment opportunities.”

ABOUT ALTAMONT CAPITAL PARTNERS

Altamont Capital Partners is a private equity firm based in the San Francisco Bay area managing over $1 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, including financial services, within which they have made investments in asset managers, insurance and insurance-related businesses, broker dealers, banks, and specialty lenders.