Altaroc
History
History
Altaroc is first and foremost the story of a team of entrepreneurs, passionate about their ambition to revolutionise the world of Private Equity.
With Altaroc, Maurice and Frédéric are bringing new momentum to the democratisation of Private Equity, which began as early as 1995 with the foundation of Altamir.
Altaroc Partners, formerly Amboise Partners, is a portfolio management company created in 1972 – a pioneer in Private Equity.
Founded by Maurice Tchenio, one of the forerunners of European Private Equity, Altaroc launched Altamir, the first Evergreen Private Equity fund in Europe back in 1995.
In May 2021, Frédéric Stolar, co-founder and former Managing Director of LBO fund Sagard, joined Altaroc Partners.
The two men, who know each other well, having worked together at Apax, are successful former managers of major international funds with over 80 years' combined Private Equity Experience .
They decided to team up around an ambitious project: to democratise access to institutional Private Equity in Europe.
Founded by Maurice Tchenio, one of the forerunners of European Private Equity, Altaroc launched Altamir, the first Evergreen Private Equity fund in Europe back in 1995.
In May 2021, Frédéric Stolar, co-founder and former Managing Director of LBO fund Sagard, joined Altaroc Partners.
The two men, who know each other well, having worked together at Apax, are successful former managers of major international funds with over 80 years' combined Private Equity Experience .
They decided to team up around an ambitious project: to democratise access to institutional Private Equity in Europe.
With Altaroc, Maurice and Frédéric are brining new momentum to the democratisation of Private Equity.
This ambition began in 1995, when the listed company Altamir was founded, and has now been reaffirmed and brought up to date with the creation of a fully digital platform, each year offering a portfolio of institutional-quality Private Equity funds (“Vintages”) , with an entry ticket starting at €100,000.
Since May 2021, Altaroc has been building its pioneering, fully digital technology platform and launched its first Vintage on 15 October 2021.
It raised €180 million in less than 10 weeks, mainly from financial advisors.
Maurice and Frédéric have structured things to satisfy the enthusiasm of investors and the growing demand from partners, who see the Altaroc vintages as an essential tool for building loyalty but also for winning over new clients, at a time when the stock and property markets are providing private investors with less and less reassurance.
It raised €180 million in less than 10 weeks, mainly from financial advisors.
Maurice and Frédéric have structured things to satisfy the enthusiasm of investors and the growing demand from partners, who see the Altaroc vintages as an essential tool for building loyalty but also for winning over new clients, at a time when the stock and property markets are providing private investors with less and less reassurance.
Through Odyssey 2022, Altaroc raised €465 million, making it the leading institutional-quality Private Equity provider for European retail clients.
The Altaroc revolution had begun.
Surrounded by their new team, and with more than 30 people recruited in less than six months, the two entrepreneurs launched a second Vintage in April 2022 with a major objective: to raise €500M.
Despite geopolitical and macroeconomic uncertainties from the war in Ukraine, the resurgence of inflation and rising interest rates, the Altaroc teams managed to raise €465M for this second Vintage, making Altaroc the leader in institutional-quality Private Equity for private clients in Europe.
At the same time, Altalife was launched. This new FCPR fund offers an institutional-quality Private Equity portfolio, eligible for French life insurance contracts and PER retirement plans, with liquidity guaranteed by the insurer.
A real success, given that 12 months after its launch, this first FCPR fund from Altaroc is offered as part of the range of eight leading life insurers.
The team continues to expand to offer Partners and Altaroc investors a high-performance digital ecosystem, quality support and exceptional products.
It is with great enthusiasm that in April 2023 the Altaroc team launched its third Altaroc Vintage Altaroc and in September 2023 opened an office in Geneva.
Despite geopolitical and macroeconomic uncertainties from the war in Ukraine, the resurgence of inflation and rising interest rates, the Altaroc teams managed to raise €465M for this second Vintage, making Altaroc the leader in institutional-quality Private Equity for private clients in Europe.
At the same time, Altalife was launched. This new FCPR fund offers an institutional-quality Private Equity portfolio, eligible for French life insurance contracts and PER retirement plans, with liquidity guaranteed by the insurer.
A real success, given that 12 months after its launch, this first FCPR fund from Altaroc is offered as part of the range of eight leading life insurers.
The team continues to expand to offer Partners and Altaroc investors a high-performance digital ecosystem, quality support and exceptional products.
It is with great enthusiasm that in April 2023 the Altaroc team launched its third Altaroc Vintage Altaroc and in September 2023 opened an office in Geneva.
2024 – a burst of speed for Altaroc
The FCPR range (formerly Altalife) becomes Discovery, the FPCI range (formerly Altaroc Global) becomes Odyssey and the Société de Gestion Amboise Partners becomes Altaroc Partners.
Altaroc 's ambition has never been clearer: to leverage the technology and expertise of its teams to offer its partners and investors the very best in institutional private equity products and services.
To date, the company has more than 50 experts with a passion for their profession.
Altaroc's ambition has never been more clearly defined: to harness technology and its teams’ expertise to bring 60 years of innovation in institutional Private Equity to its private clients.
