NEW YORK, Aug. 16, 2017 /PRNewswire/ -- New York based private equity firm Vanterra Capital ("Vanterra" or the "Firm") announced its strategic seed investment in WM Partners, LP, a private equity firm focused on investing in the health and wellness sectors. Vanterra focuses on supporting specialized managers or operators with strategic capital and provides value-added advice to help them reach their next level of growth. Vanterra provided the anchor commitment into HPH Specialized Fund I, LP, (the "Fund"), WM Partners' first Fund, as well as a co-investment totaling $43 million. WM Partners completed its fundraising on June 30th, 2017 with $307 million in commitments, exceeding its initial target of $300 million. The Fund received strong support from various prominent institutional investors including leading family offices, fund of funds, and insurance companies, among others.
The Fund is structured as a single-asset vehicle focused on acquiring lower-middle market brands in the Vitamins, Minerals and Supplements ("VMS") and Natural Personal Care sectors and integrating them into Wellnext LLC ("Wellnext"), a vertically-integrated developer, manufacturer, and marketer of dietary and nutritional supplements. Headquartered in Sunrise, FL, Wellnext is a manufacturer and marketer of organic and natural plant and food-based supplements sold through natural and specialty retail, select mass retail, and online / direct to consumer channels.
Vanterra's strategic investment into WM Partners resulted from the Firm's growing interest in the health & wellness sectors and over two years of work analyzing the industry. The supplements subsector alone is a $39 billion industry, and is projected to grow to over $55 billion by 2020, according to research compiled by the Nutrition Business Journal. "Domain specific expertise is critical to successfully investing in health and wellness, and the WM Partners' management team brings extensive operating backgrounds and a deep understanding of this space," said Shad Azimi, Founder and Managing Partner of Vanterra. "We view the WM Partners team as the ideal partners to take advantage of opportunities in this rapidly growing market segment." Vanterra participates in WM Partners' Investment Committee. Financial terms were not disclosed.
In addition to the WM Partners transaction, Vanterra has made direct investments into several other health & wellness and consumer lifestyle companies. Vanterra benefits from a flexible investment approach and has established a number of other opportunistic anchor platforms in specialized segments such as healthcare, energy & materials, secondaries, credit, and special situations.
About Vanterra Capital
Vanterra Capital is a global private equity firm that manages assets for a diverse investor base of ultra-high net worth partners and leading institutions. Vanterra seeks to establish strategic relationships with specialized managers or operators that have a unique competitive advantage within in specific industries or strategies. By partnering with specialized management teams to create premier investment platforms, Vanterra seeks to opportunistically deploy capital to support the strategic and financial objectives of rapidly growing companies. For more information visit: www.vanterra.com or contact [email protected].