All content

What is the secondary market in private equity, and what is its real purpose? A clear explanation of its mechanisms, advantages, limitations, and the main LP-led and GP-led strategies.

Private equity funds are becoming increasingly specialized. In this video, learn about the differences between generalist, specialized, and thematic funds, and why this matters for value creation.

Sven van Berge & Bram Kaashoek explain how artificial intelligence is redefining value creation and business models for B2B software publishers

In Boston, Chris Maclin, CEO of Empyrean, explains how his technology platform protects banks and modernizes risk management

In this second episode, Eliott Vincent, Key Account Manager at Altaroc, is joined by Virginie Lalanne, Managing Director of Nami Consulting. For nearly a decade, she has been supporting private banks in their strategic, digital, and organizational transformations.

For this first episode, Isabelle Autier Bury, Key Account Manager at Altaroc Emmanuel Papadacci-Stephanopoli, Deputy CEO and Mayor of Village by CA Paris, for a discussion on the connections between innovation, entrepreneurship, and financial institutions.

Deven Parekh, Managing Director at Insight Partners, shares his perspective on private equity in software, AI, and the market

How should we interpret a private equity fund’s performance over time? A clear understanding of performance dynamics and short-term biases.

Private equity is set to enter a recovery phase after 2023. The software sector stands out for its resilience and its potential in the field of AI.

In 2026, the private equity sector will enter a recovery phase, offering attractive investment conditions following the low point of 2023. Software, particularly systems of record, stands out for its resilience and potential to create value.

A diversified private equity portfolio built in partnership with leading fund managers. An approach that combines rigorous selection with broad diversification.

A European buyout platform with a strong local presence and sector expertise, targeting upper mid-market companies with a focus on creating operational value.

A global leader in B2B software private equity with a unique sector focus, targeting critical SaaS and tech companies.

A specialist in lower mid-market B2B software with a buy-and-build strategy. Focused on Northern Europe and fragmented markets.

A leading U.S. buyout firm, known for its "Leaders Strategy," which combines management expertise with investment theses. Focused on mid- to large-cap North American companies with strong sector expertise.

A global private equity firm with a strong transatlantic presence, focused on transforming companies into market leaders.

Is the private equity cycle picking up again following the valuation adjustments triggered by rising interest rates? This webinar analyzes the market environment, the impact of AI on B2B software, and the Vintage strategy, with a focus on investment opportunities, diversification, and management tools for partners.

Private equity invests in unlisted companies. In this video, you’ll explore the entire investment cycle: key players, strategies, value creation, and exits.

Learn about our assessment of the current market environment and the investment convictions that underpin the construction of Vintage Odyssey . This new portfolio is part of a rigorous and selective investment strategy designed to capitalize on opportunities in the current market cycle.

Discover the 4th Vintage Altaroc Odyssey our investment approach, which combines institutional expertise, technology, and innovation. This session covers the fundamentals of the Altaroc strategy, the key drivers of value creation, and the tailored solutions designed to address your clients’ specific challenges.

Discover the Vintage Altaroc Odyssey our investment approach, which combines institutional expertise, technology, and innovation. This session explores the fundamentals of the Altaroc strategy, the drivers of value creation, and the tailored solutions we offer to address your clients’ specific challenges.

In a challenging environment, clients are looking for solutions tailored to their long-term financial goals. Re-Up addresses this need by offering a structured and sustainable approach.

Watch the recording of the webinar on the Altaroc Odyssey cohort. On the agenda: a presentation of the first selected funds, an analysis of market dynamics, and discussions with private equity experts. Clear insights to help you understandAltaroc investment strategyAltaroc the outlook for the 2024 cohort.

Webinar presenting the Odyssey funds, private equity opportunities, and the key advantages of this asset class in the current global economic climate.

Relive the launch event for the 3rd Vintage Altaroc Odyssey an overview of the portfolio, investment strategy, and related outlook.

In an increasingly complex market, Bridgepoint on the mid-market and discipline.

Jean-Baptiste Brian: Toward a More Demanding Private Equity Sector, with Specialization and Value Creation at the Core of the Model.

Interview with Fredrik Näslund on the future of private equity amid economic cycles, AI, and specialization.

AI and Software: Thoma Bravo’s Strategy to Transform Private Equity

Apax OutlookApax the Future of Private Equity in the Face of AI and Economic Cycles

Learn about the career of Ian Drysdale, CEO of One Inc, a specialist in payment infrastructure for the insurance industry.

Apax a global leader in private equity, with a global platform and deep sector expertise. Through Apax , the fund targets mid-market to large-cap companies, combining operational expertise with strategic transformation. In the 2026 cohort, Apax key international exposure, combining sector diversification, discipline, and value creation potential.

Main Capital a leading player in B2B software buyouts in the European lower mid-market. With its recent funds, it targets profitable SaaS providers and implements a highly systematized buy-and-build strategy. In its 2026 portfolio, Main is expanding its software exposure by targeting more attractive valuations, combining diversification, resilience, and value creation potential.

Bridgepoint a leading player in the European buyout market, recognized for its strong local and sector-specific presence. Through Bridgepoint VIII, the fund targets mid-market European companies, leveraging its robust on-the-ground presence to identify unique investment opportunities. In the 2026 cohort, Bridgepoint a key exposure to the European mid-market, combining sector diversification, discipline, and operational value creation.

GTCR is a leader in the U.S. buyout sector, known for its management buy-in strategy. With GTCR XV, the fund targets high-performing North American companies, relying on top-tier management teams to accelerate value creation. In the 2026 fund, GTCR provides key exposure to the U.S. market, combining sector diversification, investment discipline, and growth potential.

Hg a global leader in private equity specializing in B2B software, at the heart of the digital transformation. With Hg 11, the fund targets profitable SaaS providers that generate recurring revenue and offer strong cash flow visibility. In the 2026 cohort, Hg key exposure to the European upper mid-market software segment, combining resilience, structural growth, and co-investment opportunities.

A diversified private equity portfolio built in partnership with leading fund managers. An approach that combines rigorous selection with broad diversification.

The role of Evergreen and secondary education: interview with Briac Houtteville.

Paul Fishbin explains how Manulife built a long-term private equity program

In Boston, Daniel Baker, CEO of HealthDrive, shares his vision for sustainable growth with a human impact.

Inside Private Equity with François Georges, Dominica Adam, and Maurice Tchenio, among others

Discover episode 2 of Fund Insights with David Rogero, dedicated to Cressey & Company healthcare strategy.

Dr. Jeff Wessler, founder of Heartbeat Health, pioneer of virtual-first cardiology in the United States

Inside Private Equity with Olivier Farouz, Briac Houtteville, and Frédéric Stolar, among others

Inside Private Equity with Thomas Vandeville, Chris Bon, and Louis Flamand, among others.

Interview with Peter Y. Chung, Managing Director and CEO of Summit Partners recorded in Boston on October 28, 2024.

Interview with Steve Klinsky, Founder and CEO of New Mountain Capital

Interview with Stephen Byrne, Partner at Vitruvian Partners

Inside Private Equity with Pascal Girin, Olivier de Vilmorin, and Frédéric Stolar.

Inside Private Equity special featuring Maurice Tchenio with Alain Afflelou and Jean-Sébastien Decaux

Maurice Tchenio and the Birth of Private Equity in France

Inside Private Equity with Maxime Dubois, Julien Krantz, and Louis Flamand.

Inside Private Equity with Samuel Hassine, Jean-Christel Trabarel, and Frédéric Stolar.

Darren Foreman details the allocation of pension funds to private equity.

Why the software sector has become central, and how a specialist investor creates value.

Interview with Sun King's co-founder on growth and impact in private equity.

From Oslo, Merete Hverven presents Visma's trajectory, supported by private equity.

Inside Private Equity with Manuel Liedot, John Hazan, and Julie Van Campenhoudt.

In 2024, the buyout market buyout a notable recovery thanks to improving economic conditions, with an increase in transactions particularly in the United States and Europe, while Asia saw varied regional dynamics. Take-private transactions and carve-outs were particularly active, reflecting a growing desire among companies to leave public markets in search of greater flexibility. Investor caution regarding macroeconomic risks reduced fundraising activity but also created attractive investment opportunities, while the GP-led transaction strategy continues to grow as an alternative to traditional exits.

Analysis of the role of software publishers in private equity strategies.

Hg, a leading player in LBO in Europe and a long-standing partner ofAltaroc.

Insight Partners, a software specialist, supports hypergrowth internationally.

Launch ofOdyssey with increased allocation to technology and software.

Odyssey brings together seven funds targeting software, healthcare, and services in Europe and the United States.

Sania Jamil presents Thoma Bravo's B2B software strategy and growth drivers.

Interview with Orlando Bravo, founder of Thoma Bravo and Fund manager Odyssey .

Inside Private Equity with Aleksandra Putra, Emmanuel Olivier, and Louis Flamand.

Mike Capone explains the role of private equity in Qlik's SaaS transformation.

Jean-Mathieu Biseau shares his experience of growth through four LBO .

Xavier Robert analyzes the macroeconomic impact on private equity.

Private equity favors a long-term horizon and gradual deployment.

Private equity offers performance, diversification, and access to a broader universe.

Why private equity fees contribute to net performance.

Structure your private equity allocation withAltaroc Re-Up strategy.

Invest in private equity without delay thanks to a vintage approach.

Generalist or specialist funds: what are the differences in private equity?

Inside Private Equity with Romain Peninque, Maurice Tchenio, and Guillaume Lorain.

Isabelle Pagnotta discusses trends in private equity on BFM Business.

Interview with John Hartz on minority investment in private equity.

Inside Private Equity with Clément Delpirou, Bertrand Pivin, and Frédéric Stolar.

Inside Private Equity's Grand Debrief with Clément Delpirou, Bertrand Pivin, and Louis Flamand.

Understanding the fundamentals and value creation in private equity.

Inside Private Equity's Grand Debrief with Hugues Galambrun, Yoon Lee, and Louis Flamand.

Inside Private Equity with Hugues Galambrun, Yoon Lee, and Louis Flamand.

The Inside Private Equity Grand Debrief with Frédéric Stolar, Saniya Jamil, and Eric Hazan.

Inside Private Equity with Frédéric Stolar, Saniya Jamil, and Eric Hazan.

DiscoverAltaroc non-financial reportingAltaroc Claire Peyssard-Moses.

DiscoverAltaroc financial reportsAltaroc by Claire Peyssard-Moses.

The Inside Private Equity Grand Debrief with Frédéric Trinel, Isabelle Pagnotta, and Louis Flamand.

Inside Private Equity with Frédéric Trinel, Isabelle Pagnotta, and Louis Flamand.

Summit Partners, a growth specialist, has a solid 40-year track record.

Thoma Bravo, a leading LBO firm, is posting strong results.

Vitruvian Partners, a growth specialist, has a solid track record.

Bridgepoint Capital targets the lower mid-market in Europe.

Interview with Jean-Christophe Germani, Managing Partner France at CVC.

Inside Private Equity's Grand Debrief with Frédéric Stolar, Eric de Montgolfier, and Thomas de Villeneuve.

Inside Private Equity with Frédéric Stolar, Eric de Montgolfier, and Thomas de Villeneuve.

The Inside Private Equity Grand Debrief with Frédéric Stolar, Emmanuel Straschnov, and Henri de Castries.

Inside Private Equity with Frédéric Stolar, Emmanuel Straschnov, and Henri de Castries.

Private Equity Deep Dive: Strategy, Risks, and Opportunities Explained

This quarter has been marked by a resurgence of volatility in the public markets, against a backdrop of geopolitical tensions, pressure on technology stocks, and persistently high interest rates.

Understand the dynamics of the early years and their implications for your reinvestment strategies.

Check out our analysis in the latest Strategic Briefing

Our CIO, Louis Flamand, shares his analysis of the private equity landscape for the second quarter of 2025.

Our CIO, Louis Flamand, shares his analysis of the private equity landscape for the first quarter of 2025.

A fresh perspective on the future of private equity, based on the combined insights of five leading international fund managers.

Amid the cold, hard numbers of growth and the mechanics of capital and multiples, there is a driving force that is sometimes overlooked, yet is essential: the human element

Q4 2025: Normalization of private equity and increased investor selectivity.

Our CIO, Louis Flamand, shares his analysis of the private equity landscape for the third quarter of 2025.

Louis Flamand, Chief Investment OfficerAltaroc, presents the key principles of Re-Up and how to implement them.

Software is becoming a strategic pillar of private equity. Analysis.

A dynamic of reinforcement, not replacement

This special report invites you to take a step back, understand the changes underway, and discover how private equity, far from being a mere financial engine, acts as a catalyst for economic and human transformation. Enjoy your journey to the heart of global private equity.

The hospital of tomorrow is being built today—not only by doctors and engineers, but also by private equity. Patient flow management software, AI applied to diagnostics, telemedicine: private equity players are redrawing the map of care. A discreet, more efficient, and more digital revolution.

Under the dual pressure of aging demographics and budgetary constraints, US pension funds are significantly increasing their exposure to private equity. This asset class, long reserved for a financial elite, is becoming a central lever for financing the promises made to retirees. But at what price, and with what long-term guarantees? Europe is watching, hesitating and wondering: what if the future of pensions was played out outside listed markets?

New Mountain Capital adopts a Defensive Growth investment strategy, focusing on high-growth, non-cyclical sectors. Each year, the team identifies resilient sub-sectors, which it explores in depth through an in-house "Deep Dive Process". The firm is particularly well known in the healthcare sector, including life sciences and healthcare IT, as well as in segments at the crossroads of technology and infrastructure services.

Featured in the Vintage Altaroc Odyssey , Thoma Bravo is an American private equity firm specializing in the software sector. Founded by Carl Thoma and Orlando Bravo, it applies an approach focused on margin optimization and external growth. With more than 220 employees, including around 100 investment professionals, it has offices in San Francisco, Miami, Chicago, London, New York, and Dubai. Thoma Bravo manages more than $166 billion in assets across its various fund ranges.

Often perceived as a world reserved for insiders, private equity plays a key role in financing the real economy and driving business growth. This special report deciphers the mechanisms of private equity, from capital raising to value creation strategy. With a particular focus on funds of funds, which are genuine catalysts for diversification and access to rare opportunities, we explain how these tools enable investors to participate in high-potential entrepreneurial adventures.

The Fund manager Inflexion in several key sectors, including business services, technology, healthcare, and consumer goods. Its model is based on active support to maximize value creation through strategies such as mergers and acquisitions, international expansion, and digital transformation. With £11 billion under management and supporting 123 companies, Inflexion a diverse client base, ranging from sovereign wealth funds to entrepreneurs. Its culture, built on listening to and supporting entrepreneurs, along with its sector expertise, are key drivers of its success and global presence.

STG established STG as a leading player in the private equity sector. Under the leadership of Bill Chisholm, co-founder and Fund manager, the firm has developed a distinctive approach, grounded in rigor and sector expertise, that sets it apart in an industry known for being particularly competitive.

Specializing in B2B software and services, Hg established Hg as one of the major players in European private equity. Thanks to a highly targeted strategy and in-depth sector expertise, the firm supports technology leaders in their long-term growth.

In this special Summer 2024 feature, discover how companies are revolutionizing healthcare thanks to artificial intelligence, such as AiVF and its advances in in vitro fertilization, or Unlearn and its digital twins. Private Equity also supports players committed to a sustainable future, such as Beewise and its robotized beehive, or Marlink and its satellite telecommunications solutions. It's possible to combine performance and positive impact!

For over three decades, Nordic Capital has established itself as one of Northern Europe's most influential private equity firms. Founded in 1989, this pioneering company has distinguished itself through strong industry specialization, while maintaining an unwavering commitment to sustainable practices. Nordic Capital invests in strategic sectors such as healthcare, technology and financial services, while placing environmental, social and governance (ESG) issues at the heart of its priorities.

A major player in global private equity, Bridgepoint established Bridgepoint as the benchmark for mid-market investment. Thanks to a disciplined, sector-focused, and growth-oriented approach, the firm supports European and international companies as they scale up.

As the historic driving force behind global private equity, the United States is home to some of the most dynamic companies on the planet. This report highlights 10 hyper-growth American companies, backed by private equity, at the heart of key economic sectors.

In recent years, the alignment of interests between private companies and Private Equity players has strengthened, with the aim of achieving clean, sustainable growth. Issues such as climate change, biodiversity protection and fairness on boards of directors have become priorities for consumers and investors alike. The bottom line is clear: financial performance alone is no longer enough. Companies, particularly those backed by Private Equity funds, must at the very least take into account their impact on their ecosystem, and some even have a positive impact on the world.

New technologies are revolutionizing the healthcare sector more than ever. Artificial intelligence is now positioned as a diagnostic tool for certain cancers and cardiovascular diseases; it can also speed up clinical trials, predict potential complications linked to medical treatments and provide invaluable assistance with fertility. The managers of Vintage Altaroc have positioned themselves in this resilient, high-growth sector, which, as you will discover, offers the benefits of personalized, predictive medicine.

Competitive advantage, conquering new markets, attracting talent... innovation is more than ever a growth driver for companies.

Private equity has historically outperformed listed assets, subject to certain investment conditions.

Investing in private equity involves allocating capital to unlisted companies via specialized funds, with a view to providing strategic support and transformation over the long term.

Growth buyout a natural evolution of private equity. Value creation depends primarily on the quality of the business plan and the ability to execute it effectively.

Investment funds and mutual funds play an important role in asset management and wealth management.

Deal flow is the starting point for any private equity strategy. It refers to all the investment opportunities that a fund identifies, analyzes, and filters over time.

The J curve is one of the most frequently used concepts to describe the performance dynamics of a private equity fund.

A co-investment involves an investor participating directly, alongside a private equity fund, in an investment in a specific company. The co-investment is made in addition to any commitment to the main fund.

Unlisted investments, often grouped under the term "private markets," are playing an increasingly important role in long-term management. They provide access to companies, projects, and assets that operate outside the public financial markets.

Private equity and venture capital play a key role in financing unlisted companies. These strategies enable companies at different stages of maturity to be supported by specialized funds that raise capital over the long term.