Business continuity since 1972
Maurice Tchenio
A founding figure of European private equity
At a time when private equity was still in its infancy in Europe, it helped to adapt and deploy this asset class from the United States.
For more than forty years, he has been actively involved in building the industry, working alongside some of Europe's leading entrepreneurs. He helped lay the foundations for European private equity, participating in the structuring of the first vehicles, the establishment of investment discipline and governance standards, and the organization of dialogue with major institutional investors.
A founding member of AFIC (now France Invest), he supports the professionalization of the French and European private equity market andhelps establish its standards.
In 1995, he also founded Altamir, the first 100% private equity evergreen vehicle listed in Europe—a structural innovation aimed at placing the asset class within a regulated and sustainable framework.
At the same time, he developed a pioneering approach to venture philanthropy, applying private equity principles to the creation of educational organizations with a strong social impact through the AlphaOmega Foundation.
Amboise Partners has thus become a recognized platform within the European institutional ecosystem.
Frédéric Stolar
An international career path
In 2021, Frédéric Stolar joined Maurice Tchenio at Amboise Partners to start a new chapter for the asset management company.
Frédéric Stolar has over thirty years of international experience in private equity.
He began his career at Apax alongside Maurice Tchenio, before joining Warburg Pincus in London, one of the global leaders in the sector.
He then founded and ran Sagard for nearly 20 years, a European private equity platform backed by leading industrial families, including the Desmarais family (Power Corporation of Canada) and Albert Frère (GBL). Under his leadership, Sagard established itself as a recognized player in the European mid-market.
A shared conviction
Structuring institutional access for private savings
Maurice and Frédéric have had a professional and personal relationship for over thirty years.
Throughout their careers, they have worked with some of the world's largest institutional investors and wealthiest international families.
They observed, over several cycles, the quality of performance generated within a rigorous institutional framework based on discipline, selectivity, and alignment of interests.
At the same time, they noted that the offering for private investors remained fragmented and often fell short of institutional standards.
This observation gave rise to a shared conviction:
- the asset class is a key driver of long-term value creation;
- Private savings deserve the same level of requirements and structuring as institutional capital.
- It is possible to build an independent European private equity player, designed from the outset to meet the specific needs of sophisticated private investors and their advisors.
In 2021, Maurice Tchenio and Frédéric Stolar decided to embark together on a new cycle of development based on this shared vision.
Amboise Partners then embarked on a strategic transformation aimed at establishing an independent private equity player dedicated to private clients.
From the outset, the project has been designed as a sustainable European platform with a long-term perspective.
Key milestones in the development ofAltaroc
A trajectory built to last
In just a few years, Altaroc has embarked on a structured development based on the institutional experience of its founders and an organization designed to support long-term savings.
In line with Amboise Partners, the company has a clear ambition: to build a leading independent European player, applying the standards of rigor and governance of institutional private equity to private clients.