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 five co-investments made in partnership with these same managers, offering additional access to rigorously selected transactions.
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 , the third Vintage the range, Altaroc its strategy of building robust and diversified portfolios, capitalizing on the experience gained over the course of previous Vintage. This new Vintage in line with previous editions, while strengthening exposure to geographies and sectors carefully selected for their performance potential and ability to withstand economic cycles.

Investing in private equity involves risks of capital loss and liquidity. Past performance is not indicative of future results.

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.
Countries where the Vintage Altaroc Odyssey is sold
1st Closing
June 16, 2023
Successive closings
Depending on volumes still available
* Performance is neither guaranteed nor contractual and is only a management objective. Investing in the Fund presents a risk of capital loss and illiquidity. Past performance is not a guarantee of future performance, which is subject to tax, depending on the personal situation and the tax regime applicable to each investor.
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.
Commercial communication of a promotional nature
Investing in the fund involves a risk of capital loss and a liquidity risk. The fund is actively managed and is not managed in relation to a benchmark index. Professional Private Equity Funds (FPCI) are not subject to AMF approval and may adopt investment rules that differ from those of approved funds.The FPCIs in our Odyssey range Odyssey intended (i) for professional clients by nature, by choice or by size, within the meaning of Directive 2014/65/EU known as "MiFID II", and (ii) to the category of qualified investors meeting the conditions of Article 423-49 of the AMF General Regulations, capable of investing a minimum amount of €100,000, subject to prior verification of the suitability of the product to their situation, objectives, and investment horizon.Subscribers' attention is drawn to the fact that their money is locked in for a period of 10 years, except in cases of early release provided for in the regulations. The Professional Private Equity Fund is mainly invested in unlisted assets that present particular risks. Subscribers should familiarize themselves with the risk factors of this Professional Private Equity Fund described in the "Risk Profile" section of the regulations. This communication should not be construed as investment advice, a personalized recommendation, or an offer or solicitation to invest. It is not sufficient on its own to make an investment decision.Before making any final investment decision, please refer to the fund's regulations and key information document (KID), available in our document library. For a detailed description of the risks associated with private equity, please refer to the "Private Equity Performance and Risks" section on our website.
It should be noted that past performance is not indicative of future results and is not consistent over time.

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
managers
Co-Investment
regional split
Europe
North America
Rest of world
SECTORS
Technology / Software
Healthcare
Services
Consumption
* 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.
This will be the legend
This will be the legend
This will be the legend
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€
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.
New Mountain Capital
New Mountain Capital
40.762142108217766, -73.98443518988856
New Mountain Capital

New Mountain Capital

the funds
New Mountain Partners VII
71,6 €m
New Mountain Strategic Equity Fund II
$45 million
Genesis
40 €m
Disclosures regarding the manager
year of inception
1999
OFFICES
4
Assets under management
55 $bn
the team
+ 260 people
Presentation of the Manager New Mountain Capital
Inflexion
Inflexion
51.51781031643221, -0.1485636297738658
Inflexion

Inflexion

the funds
Inflexion Partnership Capital Fund III
30,2 €m
Inflexion Buyout Fund VII
Genesis
40 €m
Disclosures regarding the manager
year of inception
1999
OFFICES
5
Assets under management
9.7 billion
the team
+200 people
Presentation of the Manager Inflexion
Main Capital
Main Capital
52.08226091548516, 4.3072574110931745
Main Capital

Main Capital

the funds
MAIN Capital VII
22 €m
Genesis
40 €m
Disclosures regarding the manager
year of inception
2003
OFFICES
5
Assets under management
4 €bn
the team
70 people
Presentation of the Manager Main Capital Partners
TA Associates
TA Associates
42.349331291671405, -71.07500224542261
TA Associates

TA Associates

the funds
TA Associates XV
62,54 €m
Genesis
40 €m
Disclosures regarding the manager
year of inception
1968
OFFICES
6
Assets under management
45 $bn
the team
+260 people
Presentation of the Manager TA Associates
CVC
CVC
51.51098764193166, -0.11999276046062404
CVC

CVC

the funds
CVC Capital Partners IX
72 €m
Genesis
40 €m
Disclosures regarding the manager
year of inception
1981
OFFICES
25
Assets under management
140 €bn
the team
+350 people
Presentation of the Manager CVC Capital Partners
66 €m
co-investment

35M already invested in
5 companies

Target
20% invested
66 M€
The " co-investment " portion of Vintage Altaroc Odyssey is allocated to five transactions carried out alongside leading fund managers. These include two co-investments with Hg software publishers, two with Apax the construction and software sectors, and one with Bridgepoint 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 involves risks, including capital loss and illiquidity. Past performance is not indicative of future results.
CohnReznick
CohnReznick
A leader among audit, tax and consulting firms
A must
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
Services
Veriforce
Veriforce
A leader in integrated supply chain risk management solutions
A must
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
Services
Kyriba
Kyriba
An innovative developer of software solutions
Innovative
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 / Software
Iris Software
Iris Software
Strong growth
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 / Software
Visma
Visma
A must
Founded over 25 years ago, Visma has gradually established itself as one of Europe's leading cloud software companies.
manager
regional split
Europe
Sector
Services
Zellis
Zellis
One of the UK's leading providers of software solutions for human resources management
Strong growth
The Zellis Group is a leading provider of HR and payroll software solutions across the UK and Ireland.
manager
regional split
Europe
Sector
Technology / Software
companies

The Vintage Altaroc Odyssey 2023 companies

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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Vintage
Odyssey 2023
sector
All
REGION
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Filter
Discover
more than 400 companies in Altaroc funds
EUROPE
56
companies
NORTH AMERICA
56
companies
Rest of the world
56
companies
XX
COMPANIES
Back
Qonto
A French unicorn, Qonto offers an online banking platform for SMEs and self-employed workers.
Vintage
Manager
4,4 € billions
recovery in 2023
4,4 € billions
recovery in 2023
4,4 € billions
recovery in 2023
4,4 € billions
recovery in 2023

Data at 4/10/24
*Source: Public data from company websites and social networks. For the most up-to-date information, we invite our investors to consult the reports available in their own space.

Data at 4/10/24
*Source: Public data from company websites and social networks. For the most up-to-date information, we invite our investors to consult the reports available in their own space.

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.
Report No. 1
31 March
Report No. 2
June 30
Report No. 3
30 September
Report No. 4
31 December
ESG Report
31 December
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.
Documentation

Altaroc Odyssey 2023 documentation

Regulatory documentation
Altaroc Odyssey 2023 FPCI - DIC PRIIPS A Units - 05/16/2025
Regulations
For any requests to access additional documents from the collection or documentation available in other languages, please contact our partner service.
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?
#
Altaroc Evergreen
#
Horizon
#
Odyssey 2026
#
Horizon 2025
#
Horizon 2024
#
Discovery FCPR
#
Odyssey 2025
#
Odyssey 2024
#
Altalife 2023
#
Odyssey 2022
#
Odyssey 2021
#
Odyssey 2023
K1 Investment Management
Vitruvian
Thoma Bravo
Summit Partners
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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Financial advisors, wealth management advisors, private bankers, or any other investment service providers.
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Private investors who have already invested in Altaroc who have a minimum investment capacity of €100,000.
Private investors who have already invested in Altaroc who have a minimum investment capacity of €250,000.
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Individual investors with an investment capacity of less than €100,000.
Individual investors with an investment capacity of less than €250,000.
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Pension funds, retirement funds, asset management firms, and single-family offices.
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