ODYSSEY range
Altaroc Odyssey 2022 FPCI
Vintage Altaroc Odyssey 2022 closed on 03/04/2023 with €465 million raised.
Discover
Altaroc Odyssey 2022
Detail
80% of the fund
invested in 7 international funds selected from 6 leading managers, positioned in the growth and buyout segments.
20% of the fund
dedicated to seven co-investments made alongside Altaroc portfolio managers, providing access to targeted investment opportunities with high potential.
4 target sectors
identified for their strong growth potential and historical ability to generate value over the long term, with a view to controlled sector diversification.
2 main geographical areas
balanced exposure to Europe and North America, two regions renowned for their economic dynamism and stability.
For its second Vintage the Odyssey range, Altaroc structured a portfolio combining rigorous selection, targeted diversification, and access to carefully selected private assets. This allocation reflects Altaroc preferred investment strategies, with the aim of building a robust, diversified, and resilient portfolio over time.
Investing in private equity involves risks of capital loss and liquidity. Past performance is not indicative of future results.
Investing in private equity involves risks of capital loss and liquidity. Past performance is not indicative of future results.
Key features of
Vintage Altaroc Odyssey 2022
Size
465 millions of euro
Marketing period
Du 01/02/2022 au 30/03/2023
Format
FPCI
Minimum subscription
100 000€
Duration
10 years
Luxembourg life insurance
Eligible for Luxembourg life insurance with leading insurers
SFDR classification
Article 8 SFDR within the meaning of European Regulation 2019/2088
Founders' investment
€40 million
Performance-related commissions
20% only on co-investments
Management fees
Decreasing management fees from 2.5% to 1.65% per annum depending on the amount subscribed by the investor.
Countries where the Vintage Altaroc Odyssey is sold
* Performance is neither guaranteed nor contractual and is only a management objective. Investing in the Fund presents a risk of capital loss and illiquidity. Past performance is not a guarantee of future performance, which is subject to tax, depending on the personal situation and the tax regime applicable to each investor.
Investing in private equity involves risks
The fund is actively managed and is not benchmarked. The Odyssey range is available to professional clients by nature or size (as defined by the MiFID2 directive), as well as to private investors with the capacity to invest 100,000 euros, subject to their needs being in line with the product and the investment period.
Commercial communication of a promotional nature
Investing in the fund involves a risk of capital loss and a liquidity risk. The fund is actively managed and is not managed in relation to a benchmark index. Professional Private Equity Funds (FPCI) are not subject to AMF approval and may adopt investment rules that differ from those of approved funds.The FPCIs in our Odyssey range Odyssey intended (i) for professional clients by nature, by choice or by size, within the meaning of Directive 2014/65/EU known as "MiFID II", and (ii) to the category of qualified investors meeting the conditions of Article 423-49 of the AMF General Regulations, capable of investing a minimum amount of €100,000, subject to prior verification of the suitability of the product to their situation, objectives, and investment horizon.Subscribers' attention is drawn to the fact that their money is locked in for a period of 10 years, except in cases of early release provided for in the regulations. The Professional Private Equity Fund is mainly invested in unlisted assets that present particular risks. Subscribers should familiarize themselves with the risk factors of this Professional Private Equity Fund described in the "Risk Profile" section of the regulations. This communication should not be construed as investment advice, a personalized recommendation, or an offer or solicitation to invest. It is not sufficient on its own to make an investment decision.Before making any final investment decision, please refer to the fund's regulations and key information document (KID), available in our document library. For a detailed description of the risks associated with private equity, please refer to the "Private Equity Performance and Risks" section on our website.
It should be noted that past performance is not indicative of future results and is not consistent over time.
Discover the new Vintage Altaroc Odyssey 2025
Fund
The
Altaroc Odyssey 2022 portfolio
Vintage CompositiON AT 30/09/2025
57% or €112 million invested in top quartile funds
42% €82 million in co-investments
* The composition presented is indicative and reflects an allocation objective. It is a target that may change according to market opportunities, economic conditions, regulatory constraints and investment decisions taken by the management company. It does not in any way guarantee the final allocation of the portfolio, nor does it engage the responsibility of the management company as to its actual achievement.
372 €m
managers
€372m already committed to 7 global funds
Target
80%, i.e. €372m , invested through selected managers
The fund portion of Vintage Altaroc Odyssey 2022 is invested in 7 international funds managed by 6 leading asset management companies. These include: Hg (software, Europe), Apax buyout globalbuyout ), Bridgepoint buyout pan-Europeanbuyout ), Cressey (healthcare, USA), STG and Accel-KKR (software, value and growth strategy, USA). This selection aims to achieve sectoral and geographic diversification in line withAltaroc's long-term strategy.
As of September 30, 2024, €112 million had been invested through the Vintage funds.
Investing in private equity involves risks, particularly of capital loss and illiquidity. Past performance is no guarantee of future results.
As of September 30, 2024, €112 million had been invested through the Vintage funds.
Investing in private equity involves risks, particularly of capital loss and illiquidity. Past performance is no guarantee of future results.
Cressey & Company
41.88499948961384, -87.63628214565281
Cressey & Company
the funds
$28m
Cressey fund VII
Disclosures regarding the manager
year of inception
1976
Offices
2
Assets under management
3,7 $bn
the team
+ 45 people
STG
37.45582541522596, -122.1854168679586
STG
the funds
36,8 €m
STG Fund VII
Disclosures regarding the manager
year of inception
2002
Offices
3
Assets under management
5 $bn
the team
+60 people
Accel-KKR
37.42315075671345, -122.1985055029838
Accel-KKR
the funds
18,4 €m
Accel-KKR Buy-Out VII
Disclosures regarding the manager
year of inception
2000
Offices
4
Assets under management
15 $bn
the team
+100 people
Apax
51.502292306820635, -0.15315418893313046
Apax
the funds
20 €m
Apax X LP
100 €m
Apax XI LP
Disclosures regarding the manager
year of inception
1972
Offices
7
Assets under management
60 $bn
the team
+280 people
93 €m
co-investment
82M already invested in 7 companies
Target
20% of assets or
€93m
The " co-investment " portion of the Altaroc Odyssey vintage is allocated to seven transactions selected alongside leading managers. These include three co-investments with Hg software, insurance brokerage), two with Apax home services in North America, software), one with Bridgepoint operational real estate in France), and one with General Atlantic online marketplaces). These investments aim to strengthen the portfolio's diversification and selectivity.
Investing in private equity involves risks of capital loss and liquidity. Past performance is not indicative of future results.
Investing in private equity involves risks of capital loss and liquidity. Past performance is not indicative of future results.
The Access Group
Access is a leading provider of business software for medium and intermediate-sized companies in the UK and Asia-Pacific.
manager
regional split
Europe
Sector
Technology / Software
Adevinta
Adevinta is a Norwegian company listed on the stock exchange and specializing in the distribution of various classified ads.
manager
regional split
Europe
Sector
Technology / Software
Authority Brands
Authority Brands is the foremost franchisor of home services in North America. A leading brand, its services cover care for the elderly, swimming pool maintenance and outdoor pest control.
manager
regional split
North America
Sector
Services
Howden
Howden is a leading insurance brokerage group, operating across the entire value chain (insurance, reinsurance, brokerage, consulting...).
manager
regional split
Europe
Sector
Services
IFS
IFS is the world’s leading provider of ERP management software for industrial companies across the globe.
manager
regional split
Europe
Sector
Technology / Software
Evoriel (ex-Nexity ADB)
Nexity ADB is the former Personal Services division of the Nexity Real Estate group, focused on condominium management and rental leases.
manager
regional split
Europe
Sector
Services
ThoughtWorks
Founded in 1993 in the United States, ThoughWorks is a leading digital transformation and software development company, helping its customers to solve complex technological problems.
manager
regional split
North America
Sector
Technology / Software
By investing in Vintage Altaroc Odyssey, our customers are supporting growing companies around the world positioned in promising sectors.
Discover the French and global #unicorns that make up our exceptional Vintages. Also discover our #high-growth companies that are disrupting their markets through #innovation. Our portfolios are also built around companies that are #must-haves, which you're bound to be familiar with and that are recognised for their #positive impact on the world.
CohnReznick
A leader among audit, tax and consulting firms
Founded in 1919 and based in New York, CohnReznick is one of the largest audit, tax and consulting firms in the United States.
manager
regional split
North America
Sector
Services
The Access Group
Access is a leading provider of business software for medium and intermediate-sized companies in the UK and Asia-Pacific.
manager
regional split
Europe
Sector
Technology / Software
Veriforce
A leader in integrated supply chain risk management solutions
Founded in 1993 in the United States, Veriforce is one of the world's largest providers of integrated solutions and services dedicated to supply chain risk management.
manager
regional split
North America
Sector
Services
Kyriba
An innovative developer of software solutions
Founded in 2000 in the United States, Kyriba develops cloud-based software solutions that help companies manage and control their financial flows.
manager
regional split
North America
Sector
Technology / Software
IFS
IFS is the world’s leading provider of ERP management software for industrial companies across the globe.
manager
regional split
Europe
Sector
Technology / Software
Evoriel (ex-Nexity ADB)
Nexity ADB is the former Personal Services division of the Nexity Real Estate group, focused on condominium management and rental leases.
manager
regional split
Europe
Sector
Services
Iris Software
The IRIS Software Group is a global provider of mission-critical software and services. It is one of the UK's largest privately-owned software companies.
manager
regional split
Europe
Sector
Technology / Software
ThoughtWorks
Founded in 1993 in the United States, ThoughWorks is a leading digital transformation and software development company, helping its customers to solve complex technological problems.
manager
regional split
North America
Sector
Technology / Software
Visma
Founded over 25 years ago, Visma has gradually established itself as one of Europe's leading cloud software companies.
manager
regional split
Europe
Sector
Services
Zellis
One of the UK's leading providers of software solutions for human resources management
The Zellis Group is a leading provider of HR and payroll software solutions across the UK and Ireland.
manager
regional split
Europe
Sector
Technology / Software
Investor communications
4 financial reports and 1 ESG report per year
Altaroc provides its investors with quarterly financial reports on the latest news and performance of their Vintages.
In particular, these reports provide information on portfolio valuations, additions to and exits from the portfolio, and the latest news on the companies we support.
In particular, these reports provide information on portfolio valuations, additions to and exits from the portfolio, and the latest news on the companies we support.
Report No. 1
31 March
Report No. 2
June 30
Report No. 3
30 September
Report No. 4
31 December
ESG Report
31 December
Newsroom
All the latest news on Vintage Altaroc Odyssey 2022
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The investor’s life at Altaroc
The Vintage funds in the Odyssey range have been designed to meet the specific needs of private clients.
Simple, 100% digital subscription, a simplified fund call system, or tracking the life of the Vintage and the news of the underlying companies - everything has been thought out to offer a smooth, positive experience for both our investors and their advisors.
Simple, 100% digital subscription, a simplified fund call system, or tracking the life of the Vintage and the news of the underlying companies - everything has been thought out to offer a smooth, positive experience for both our investors and their advisors.
FAQs
What are the advantages of offering the Vintage ranges?
Why is the Odyssey Vintage range being rolled out so quickly?
Why target only the Technology, Healthcare, B2B Services and Digital Consumer sectors?
Will all the Vintage Odyssey models be the same?
K1 Investment Management
Vitruvian
Thoma Bravo
Summit Partners
New Mountain Capital
Inflexion
Main Capital
Cressey & Company
TA Associates
STG
Accel-KKR
Five Arrows
Seven2
Nordic Capital
Hg
Insight Partners
Apax
CVC
General Atlantic
Bridgepoint
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