Discovery range
Discovery 2024
A Vintage Private Equity portfolio available in French life insurance and PER Assurance contracts
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Pre-tax yield assumption
Net of all fees, averaged over business cycles
>8%/year
1.7xcommitment
Performance objective neither contractual nor guaranteed. Hypothesisof future performance based on past data. It is not an exact indicator. The performance of your investment will depend on how long it is held, as well as on market trends.Investing in Private Equity involves risks, notably liquidity and capital loss.
Discover Discovery 2024
Discovery offer
8:17mn
For its first Discovery Vintage, Altaroc offers a diversified Private Equity portfolio made up of international funds and co-investments, with no fees and no carried interest, in companies with high growth potential .
Through Discovery 2024, Altaroc offers a diversification of investments both geographically and by sector, with liquidity guaranteed by insurers.
Through Discovery 2024, Altaroc offers a diversification of investments both geographically and by sector, with liquidity guaranteed by insurers.
Key points of Discovery 2024
marketing period
Until December 31, 2024
duration
10 years
Eligibility
Eligible for French life insurance and PER Assurance
LEGAL FORM
An AMF-certified FCPR fund
minimum subscription
Amount defined by the insurer
SRRI classification
6
Classified
SFDR Article 8 fund
Performance fees
20% exclusively in co-investments
Management fees
2,5%
The Discovery range is available to private clients through life insurance policies managed by leading French life insurers.
Investing in Private Equity entails risks of liquidity and capital loss. To find out more about all the risks associated with Private Equity, visit our Private Equity Performance and Risks page.
Investing in Private Equity entails risks of liquidity and capital loss. To find out more about all the risks associated with Private Equity, visit our Private Equity Performance and Risks page.
Insurers
An offer distributed by a large number of insurers
The Vintage Discovery 2024 offers access to a portfolio of global Private Equity funds, normally inaccessible, within life insurance contracts and retirement savings plans (PER).
Liquidity guaranteed at all times by the insurer,
100% of the FCPR fund is invested in Private Equity.
At Altaroc, we're delighted to be continuing our partnership with leading players.
The Discovery 2024 portfolio
Target composition of the €500 million vintage
fund managers
20% to 50% co-investment
50% to 80% in managers selected for their track records
Fund share
fund managers
2 global managers already selected
Objective
50-80% invested in funds
Vintage Discovery 2024 is committed to 2 funds: Hg Mercury 4, a Mid-Market fund from Buyout managed by Hg, Europe's largest and leading manager in the software sector, and Five Arrows Principal Investment IV ("FAPIIV"), a Mid-Market fund from Buyout which invests in the software, healthcare and business services sectors.
Both funds invest 20-25% of their assets in Europe and the USA.
Private Equity investments entail risks of capital loss and liquidity. Past performance is no guarantee of future results.
Both funds invest 20-25% of their assets in Europe and the USA.
Private Equity investments entail risks of capital loss and liquidity. Past performance is no guarantee of future results.
Five Arrows
51.51230942868651, -0.08900576046054165
Five Arrows
Fund manager information
year established
2008
Offices
2
Assets under management
€24Bn
team
+260 people
Introducing FAPI manager
7:38mn
Hg
51.50535195689056, -0.08055042883579441
Hg
Fund manager information
year established
1997
Offices
3
Assets under management
+ $40Bn
team
+250 people
Introducing Hg manager
5:26mn
Co-investments
co-investment
3 co-investments already completed
Objective
20% to 50% invested
The co-investment portion of the Discovery 2024 Vintage is invested in three companies: Visma, an accounting, payroll and human resources software publisher with operations in Europe and Latin America; Diapason, a leading French provider of cash and risk management software for large and mid-sized companies; and Nexity ADB, a carve-out of the Nexity group's property administration business in France.
Investing in Private Equity involves risks of capital loss and liquidity. Past performance is no guarantee of future results.
Investing in Private Equity involves risks of capital loss and liquidity. Past performance is no guarantee of future results.
Diapason
Diapason offers a software solution that meets the needs of finance departments. It enables them to optimise liquidity management, automate payments, and manage the risks associated with their financial instrument portfolios.
fund manager
geography
Europe
Sector
Technology and Software
Nexity ADB
Nexity ADB is the former Personal Services division of the Nexity Real Estate group, focused on condominium management and rental leases.
fund manager
geography
Europe
Sector
B2B Services
Visma
Founded more than 25 years ago, Visma has gradually established itself as one of Europe's leading cloud software companies.
fund manager
geography
Europe
Sector
B2B Services
By investing in Altaroc, you'll be supporting the growth of promising mid-sized companies positioned in the sectors of the future.
Find out more about the French and international unicorns that make up our Vintages. Discover also our high-growth companies whose innovative strategies are disrupting their markets. Our portfolios are also built around companies that are must-haves that you're bound to know and that are recognised for their positive impact on the world.
Visma
Founded more than 25 years ago, Visma has gradually established itself as one of Europe's leading cloud software companies.
fund manager
geography
Europe
Sector
B2B Services
Nexity ADB
Nexity ADB is the former Personal Services division of the Nexity Real Estate group, focused on condominium management and rental leases.
fund manager
geography
Europe
Sector
B2B Services
How FCPR Discovery works
Minimum subscription amount
The insurer determines the minimum subscription amount within the life insurance contract
Cash liquidity
The client may decide to sell Discovery shares at any time. The shares will be redeemed by the insurer at their net asset value.
Net asset value
The value of the client's shares is determined by the insurer, who receives the portfolio's net asset value from Altaroc every two months.
Newsroom
All the news from the Discovery 2024 Vintage
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FAQ
Summit Partners
Vista
New Mountain Capital
Inflection
Main Capital
Cressey & Company
TA Associates
STG
Accel-KKR
Five Arrows
Seven2
Nordic Capital
Insight Partners
Apax
CVC
General Atlantic
Bridgepoint
