ODYSSEY range
Altaroc Odyssey 2023 FPCI
Vintage Altaroc Odyssey 2023 closed on 03/29/2025 with €330 million raised.
Discover
Altaroc Odyssey 2023
Detail
80% of the fund
allocated to 6 international funds, selected from 5 renowned asset management companies, positioned in growth and buyout strategies.
20% of the fund
invested in 5 co-investments carried out in partnership with these same managers, offering additional access to rigorously selected operations.
4 priority investment sectors
identified for their sustained growth momentum and track record of value creation, with a targeted approach to sector diversification.
2 main geographical areas
balanced between Europe and North America, to combine market depth and macroeconomic stability.
With Altaroc Odyssey 2023, the third Vintage in the range, Altaroc pursues its strategy of building robust, diversified portfolios, capitalizing on the experience acquired over the years Vintage This new Vintage follows in the footsteps of previous editions, while increasing exposure to geographies and sectors carefully selected for their performance potential and ability to withstand economic cycles.
Past performance and the rigorous selection of target funds are no guarantee of future performance.
Past performance and the rigorous selection of target funds are no guarantee of future performance.
Key points of
MillésimeAltaroc Odyssey 2023
Size
330 millions of euro
Marketing period
From 04 April 2023 to 29 March 2024
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
33 million euros
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.
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.
This is not sufficient commercial communication to make an investment decision.
Please refer to the fund's regulatory documentation and Key Information Document (KID) before making any investment decision. A summary of investors' investment rights is available in the KID in our document library.
Risk of low profitability or capital loss
Investing in private equity entails risks of liquidity and capital loss. To find out more about the risks associated with private equity, visit our Private equity performance and risks page.
Discover the new Vintage Altaroc Odyssey 2025
Fund
The
Altaroc Odyssey 2023 portfolio
Composition DU MILLESIME AT 09/30/2025*
37% or €23 million invested in top quartile funds
61% or €35 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.
264 €m
managers
264M already committed to 5 global managers
Target
80% invested with selected managers, i.e.
264 M€
264 M€
The fund portion of Vintage Altaroc Odyssey 2023 is fully committed to 5 managers:
- CVC IX: a buyout fund that is the historic leader in European large cap, investing worldwide in allAltaroc 's preferred sectors: technology (mainly software), healthcare, business services and consumer
- TA Associates XV: a pioneering buyout fund investing worldwide in allAltaroc's preferred sectors, with particular expertise in the software sector
- New Mountain VII : a North American buyout fund
- Inflexion Partnership Capital III : a buyout fund dedicated to minority operations in Northern Europe
- Main Capital VIII & Foundation II : two buyout funds from Main Capital investing exclusively in the software sector in Northern Europe and the USA
Private equity investment involves risks of capital loss and liquidity. Past performance is no guarantee of future results.
- CVC IX: a buyout fund that is the historic leader in European large cap, investing worldwide in allAltaroc 's preferred sectors: technology (mainly software), healthcare, business services and consumer
- TA Associates XV: a pioneering buyout fund investing worldwide in allAltaroc's preferred sectors, with particular expertise in the software sector
- New Mountain VII : a North American buyout fund
- Inflexion Partnership Capital III : a buyout fund dedicated to minority operations in Northern Europe
- Main Capital VIII & Foundation II : two buyout funds from Main Capital investing exclusively in the software sector in Northern Europe and the USA
Private equity investment involves risks of capital loss and liquidity. Past performance is no guarantee of future results.
New Mountain Capital
40.762142108217766, -73.98443518988856
New Mountain Capital
the funds
New Mountain Partners VII
71,6 €m
New Mountain Strategic Equity Fund II
Disclosures regarding the manager
year of inception
1999
OFFICES
4
Assets under management
55 $bn
the team
+ 260 people
Inflexion
51.51781031643221, -0.1485636297738658
Inflexion
the funds
Inflexion Partnership Capital Fund III
30,2 €m
Inflexion Buyout Fund VII
Disclosures regarding the manager
year of inception
1999
OFFICES
5
Assets under management
9.7 billion
the team
+200 people
Main Capital
52.08226091548516, 4.3072574110931745
Main Capital
the funds
MAIN Capital VII
22 €m
Disclosures regarding the manager
year of inception
2003
OFFICES
5
Assets under management
4 € billions
the team
70 people
TA Associates
42.349331291671405, -71.07500224542261
TA Associates
the funds
TA Associates XV
62,54 €m
Disclosures regarding the manager
year of inception
1968
OFFICES
6
Assets under management
45 $bn
the team
+260 people
CVC
51.51098764193166, -0.11999276046062404
CVC
the funds
CVC Capital Partners IX
72 €m
Disclosures regarding the manager
year of inception
1981
OFFICES
25
Assets under management
140 € billions
the team
+350 people
66 €m
co-investment
35M already invested in
5 companies
Target
20% invested
66 M€
66 M€
The "co-investment" portion of Vintage Altaroc Odyssey 2023 is allocated to 5 transactions carried out alongside benchmark managers. These include 2 co-investments with Hg in software companies, 2 with Apax in the construction and software sectors, and 1 with Bridgepoint in a company specializing in software solutions. These investments are part of a strategy aimed at strengthening the selectivity and diversification of the portfolio.
Investing in private equity entails risks, notably of capital loss and illiquidity. Past performance is no guarantee of future results.
Investing in private equity entails risks, notably of capital loss and illiquidity. Past performance is no guarantee of future results.
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
B2B services
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
B2B 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 and Software
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 and 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
B2B 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 and Software
By investing in Vintage Altaroc Odyssey, your customers are supporting growing companies in all four corners of the globe, positioned in sectors of the future.
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.
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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 2023
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Newsletter
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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?
Great Hill Partners
Vitruvian
Thoma Bravo
Summit Partners
Vista
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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