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Alternative Assets  + Private Equity  |  September 19, 2023
Former Blue Wolf Partner Raises $312M for Astara Capital Maiden Fund 
Joe Palmisano
By: Joe Palmisano

Former Blue Wolf Partner Raises $312M for Astara Capital Maiden Fund

Private equity firm Astara Capital Partners closed its debut fund, Astara Capital Partners Fund I, LP, at $312 million, exceeding its $250 million target and reaching its hard cap.

Founded in 2020 by former Blue Wolf Capital partner Michael Ranson, Astara invests in middle market industrial, manufacturing and services businesses in North America. The firm now manages over $400 million in capital commitments.

Astara partners with companies in a variety of sectors, including packaging and converting, food, building products, forest products, and industrial manufacturing, distribution and services.

Ranson spent more than a decade as a partners and investment committee member at Blue Wolf, a New York-based middle market private equity firm.

“We are incredibly grateful for the tremendous support we have received from the limited partner community,” he said.

M2O Private Fund Advisors acted as the exclusive placement agent and Robinson Bradshaw as fund formation counsel.

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Astara Capital Partners

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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