The Altaroc product range
Summary
Frédéric Stolar: Maurice Tchenio and I are both highly experienced private equity professionals. Maurice literally created the private equity industry in Europe 50 years ago, and I've been doing it for 35 years. We've both created and managed some of the world's leading private equity funds, he with Apax and I with Sagard. If I had to sum up our ambition in a few words, what drives us every day is to bring private clients 50 years of institutional private equity innovation. That'sAltaroc's ambition. It's to give you simple access to this asset class. For a long time, private equity was an asset class reserved for institutional investors. When we say institutional, we mean pension funds, life insurance companies and banks for their equity. There are two reasons for this. Firstly, unit ticket sizes are very high, making it very complicated for private clients to gain access. And secondly, private equity is illiquid and has operational complexities that require dozens of professionals to manage portfolios. Until recently, with the advent of players like Altaroc, all these factors meant that the asset class was reserved for institutional investors. Our offer, because it's very simple and very effective, is a portfolio that is updated every year, concentrated on the two least volatile and most profitable segments of private equity, namely growth and buyout. The portfolio is 80% invested in 6 of the world's top managers, 6 managers that we believe are the best open to Vintage subscriptions this year.
Frédéric Stolar: And then the portfolio consists of 20% co-investments. With no fees and no carried interest, made exclusively alongside our managers. Thanks to this portfolio, you gain exposure and global diversification that is highly effective. We are agnostic about geographies. We provide you with the best of the global market. And this portfolio is also built around our strongest sector-specific convictions. We’ve chosen to seek out managers who invest with great precision in our preferred underlying sectors. And finally, when we say Private Equity—to be very clear—our portfolios contain no debt, no real estate, no infrastructure, and no impact investing. So it’s pure Private Equity. And finally, this is a major point—I know many of our partners feel strongly about it: alignment of interests. Maurice and I personally invest tens of millions of euros each year alongside our clients, on the same terms and conditions as they do, because we believe these are the best products in which we, personally, can invest. The other core element of our offering is a technological and digital platform and ecosystem designed to simplify your life, whether you’re an advisor, a private banker, or an end client. Everything is natively digital, everything is simple, everything is seamless, and everything is naturally designed to make the complex institutional private equity experience simple for you. What does that mean? It means you have a Partners Platform professionals where all the necessary information is gathered: fund call dates, fund call terms, company profiles, performance simulators, cash flow simulators, and reports.
Frédéric Stolar: And you have a private area for end-customers where all the information relevant to you, the end-customer, is circumscribed so that you can find at any time all the information relevant to your Altaroc subscription(s). You'll also get daily updates on the companies in which you've invested on the ESG topics that interest you, comprehensive quarterly reports and, whether you're a private client, advisor or banker, dozens of online training courses on private equity to familiarize yourself with the asset class or perfect your private equity knowledge. If I had to sum up Altaroc's ambition, it's constant innovation at the service of private clients. Remember, you bring the best of institutional Private Equity to your private clients. What was the Altaroc 1.0 revolution? It was bringing you a turnkey private equity portfolio that was costing institutional investors several hundred million euros to build each year, and we made it available from €20,000 a year over five years. And what does the Altaroc 2.0 revolution entail? It's an instruction manual for solving your wealth ambitions using private equity building blocks. So we're no longer selling you dry Vintage somewhere. We're selling you an instruction manual, an investment discipline with a simulator so that, like institutional investors, you can build your own personalized retirement plan. So, it's private equity at the service of wealth management solutions, with a turnkey simulation. That's the Altaroc 2.0 revolution.
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