\closed since
29/3/2024
Pre-tax performance assumption
Net of all fees, averaged over business cycles
13%/year
1.7x the committed capital
Investing in private equity entails risks, particularly in terms of liquidity and capital loss.
Performance objective neither contractual nor guaranteed.
Hypothesis of 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 and on market trends.
Investing in private equity involves risks. The scenarios presented are estimates of future performance based on past data relating to changes in the value of this investment and/or current conditions; they do not constitute an exact indicator. What you achieve will depend on market trends and how long you hold the investment or product. Future performance is subject to tax, which depends on each investor's personal situation and may change in the future. The investment may result in a financial loss, as there is no capital guarantee.
Hypothesis of 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 and on market trends.
Investing in private equity involves risks. The scenarios presented are estimates of future performance based on past data relating to changes in the value of this investment and/or current conditions; they do not constitute an exact indicator. What you achieve will depend on market trends and how long you hold the investment or product. Future performance is subject to tax, which depends on each investor's personal situation and may change in the future. The investment may result in a financial loss, as there is no capital guarantee.
Discover Odyssey 2023
For its third Vintage Odyssey, Altaroc has structured a portfolio comprising 6 international funds, managed by 5 leading asset management companies, as well as 5 co-investments made alongside them.
Following on from previous Vintage , Odyssey 2023 pursues a strategy of geographic and sector diversification, with the aim of building a balanced and resilient portfolio over time.
Following on from previous Vintage , Odyssey 2023 pursues a strategy of geographic and sector diversification, with the aim of building a balanced and resilient portfolio over time.
Vintage 2023 key points
Size
330 millions of euro
marketing period
From 04 April 2023 to 29 March 2024
duration
10 years
Luxembourg life insurance
Eligible for Luxembourg life insurance
Legal form
FPCI
minimum subscription
100 000€
SRRI classification
6
SFDR classification
Article 8
Carried interest
20% only on co-investments
Management fees
From 2.5% to 1.5% per annum depending on the amount subscribed by the investor
Investment by Altamir
30 millions of euro
Successive closings
Depending on volumes still available
The Odyssey range is available to clients deemed professional by nature or size (as defined by MiFID II), as well as to private investors with the capacity to invest € 100,000, subject to the product and investment horizon meeting their needs.
This is a marketing document. Please refer to the fund's regulatory documentation and Key Information Document (KID) before making any investment decision. A summary of investors' investment rights can be found in the KID, which is available in our document library.
Investing in Private Equity involves risks, notably in relation to liquidity and capital loss. To find out about all the risks associated with Private Equity, visit our Private Equity Performance and Risks page.
This is a marketing document. Please refer to the fund's regulatory documentation and Key Information Document (KID) before making any investment decision. A summary of investors' investment rights can be found in the KID, which is available in our document library.
Investing in Private Equity involves risks, notably in relation to liquidity and capital loss. To find out about all the risks associated with Private Equity, visit our Private Equity Performance and Risks page.
330 €m
The
Odyssey 2023 portfolio
Target composition of the €500m Vintage
80% or €400m invested in top-quartile funds
20% or €100m in co-investments
managers
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.
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
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
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
By investing in the Odyssey Vintages, your clients will be supporting growing companies positioned in sectors of the future around the world.
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 span class="text-color-primary400">#must-haves, which you're bound to be familiar with and that are recognised for their #positive impact on the world.
Global Data
GlobalData is a leading provider of data, analysis and information on the world's major industries.
manager
regional split
Europe
Sector
Healthcare
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 news from Vintage 2023
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Newsletter
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The investor’s life at Altaroc
The Odyssey Vintages have been designed to meet the specific needs of private clients.
A simple fully digital subscription, a simplified capital call system, tracking of Vintage events and news on the underlying companies: everything has been thought out to offer a seamless and positive experience for both our investors and their advisors.
A simple fully digital subscription, a simplified capital call system, tracking of Vintage events and news on the underlying companies: everything has been thought out to offer a seamless and positive experience for both our investors and their advisors.
FAQs
What are the advantages of offering the Vintage ranges?
Why are Odyssey Vintages being deployed so quickly?
Why target only the Technology, Healthcare, B2B Services and Digital Consumer sectors?
Will all the Odyssey Vintages 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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