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An institutional strategy, consistently applied across all our product ranges

Altaroc’s investment strategy is grounded in strong, enduring convictions. It is driven by rigorous analysis of the global private equity market and a disciplined selection process inspired by leading institutional investors.

Strong strategic convictions

Consistent, well-structured choices that stand the test of time

Growth & Buyout at the heart of the global mid-market

We focus our strategy on the Growth Equity and Buyout segments, exclusively within the global mid-market, which we believe offers the most attractive risk/return balance from a long-term wealth management perspective.

  • Proven business models
  • Identifiable operational value
  • Active business transformation
  • Multiple exit options

The mid-market offers a broader opportunity set, driven by greater dispersion in valuations and performance than in the large-cap segment, with generally more rational pricing levels.

This heterogeneity creates a particularly favourable environment for selective and disciplined investment. Our approach spans the small-, mid-, and upper mid-market segments, aiming to combine growth potential, diversification, and resilience.

Sector specialization is a key driver of sustainable long-term alpha generation.

A disciplined geographic allocation

Our exhibition focuses on:

  • ~45% United States
  • ~45% Europe
  • ~10% Asia and rest of the world

This allocation provides access to the deepest private equity markets, ensures balanced macroeconomic diversification, and benefits from a high degree of legal certainty.

Sector specialization is a key driver of sustainable long-term alpha generation.

A strong bias toward specialized manager

In an increasingly competitive and sector-driven environment, we favour specialised platforms.

  • Proprietary sourcing
  • Deep industry expertise
  • Proven operational playbooks
  • Disciplined execution

Specialization is a sustainable competitive advantage in generating long-term alpha.

Sector specialization is a key driver of sustainable long-term alpha generation.

A strong sector bias toward structural growth

Sector selection is a key driver of performance.

We focus on sectors supported by long-term trends, characterised by resilient growth and tangible value creation:

  • B2B software and technologies
  • Healthcare
  • B2B services
  • Digital consumer platforms
Sector specialization is a key driver of sustainable long-term alpha generation.

An alpha-driven portfolio construction

Sustainable performance in private equity stems from a disciplined and methodical approach, combining rigorous manager selection, open architecture, targeted co-investments, and institutional portfolio construction.
Selection as the main driver of performance
Given the high dispersion of performance among managers, alpha generation primarily relies on a rigorous selection process.
  • Shortlist (less than 5% of opportunities reviewed are selected)
  • Limited number of managers per fund
  • Focus on top-quartile managers
  • Allocation discipline: prioritising managers with proven expertise over opportunistic transactions
Open and independent architecture
Access to the best platforms requires full independence in manager selection.
  • No captive or integrated management
  • Global manager selection
  • Access to strategic funds and vintages
  • Ongoing due diligence when renewing partnerships
Co-investments as an optimization tool
Co-investments complement primary fund exposure and enhance capital deployment efficiency.
  • Direct exposure to high-conviction assets
  • Greater selectivity alongside partner managers
  • Reduced fee layers
  • Tool for managing investment pace
An institutional allocator's logic
Performance is driven by a structured portfolio construction approach rather than a transactional mindset.
  • Consolidated view of exposures
  • Consistency between primary funds and co-investments
  • Discipline in position sizing
  • Priority given to platform quality over transaction volume
Sector specialization is a key driver of sustainable long-term alpha generation.

Risk management and institutional rigor

A control framework designed to preserve portfolio robustness over time.
Multi-dimensional diversification
Risk management is built on diversification across vintages, managers, sectors, and geographies. This approach reduces dependence on any single cycle, team, or segment, while controlling concentration at the portfolio level.
Active management of commitments
Cash flow management is a key lever of risk control. We monitor capital calls and distributions, manage over- and under-commitment levels, and maintain a consolidated view of exposures across the portfolio.
Formalised investment governance
Investment discipline is based on structured decision-making processes, formalised committees, and systematic documentation of analyses. This framework ensures consistency, traceability, and stability over time.
A thorough due diligence
Each investment undergoes comprehensive quantitative and qualitative analysis, including cash flow reconstruction, risk-adjusted track record assessment, resilience across cycles, and in-depth evaluation of teams, governance, and value creation drivers.
Sector specialization is a key driver of sustainable long-term alpha generation.

Governance and responsible investing framework

Governance discipline as a foundation for sustainable performance.

Structured governance

Our organisation is based on a formalised and documented decision-making process, structured around in-depth analysis phases, on-site due diligence, and dedicated investment committees.
Each opportunity is assessed using a consistent and traceable methodology, ensuring consistency in decision-making, discipline in capital allocation, and continuity over time.

Systematic ESG integration

Non-financial analysis is fully integrated at every stage of the investment and monitoring process. The selected strategies are part of a structured framework aligned with Article 8 of the SFDR, including ex-ante ESG assessments and ongoing monitoring of managers’ commitments.
This approach aims to enhance portfolio quality and support sustainable value creation.

Active portfolio monitoring


This ongoing supervisionensures consistency in exposures,anticipates changes, and maintains the institutional standards defined upstream.
Sector specialization is a key driver of sustainable long-term alpha generation.
investment team
Cross-disciplinary expertise in management, structuring, and field support.
Discover the
+ 600 companies in the Altaroc funds

At Altaroc, performance is rooted in the real economy

Our portfolios reflect direct exposure to companies operating at the heart of structural growth dynamics.
Companies at the heart of value creation
European and North American SMEs and mid-cap companies operating in growth sectors such as healthcare, technology, specialized services, niche industries, and energy transition.
A significant entrepreneurial base
More than 600 companies in our portfolio, supported in their operational development, internationalization, and strengthening of their strategic fundamentals.
A structured extra-financial framework
Strategies classified under Article 8 of the Sustainable Finance Disclosure Regulation, incorporating commitments related to governance, inclusion, the energy transition, and transparency.
Discover the more than 600 companies in our portfolios
Discover our Private Equity ranges
Private equity
Discovery

FCPR Discovery a private equity product designed specifically for life insurance and PER. It combines controlled liquidity for both the policyholder and the insurer with flexible subscription terms and capital call .

Private equity
Odyssey

Investing in Private Equity from €100,000.

Every year, we build up a global, turnkey, high-performance and highly diversified Private Equity portfolio.

Private equity
Horizon

Invest in Vintage .

Every year, a global, turnkey, high-performing, and highly diversified private equity portfolio.

Private equity
Infinity

The Infinity range Infinity designed for institutional investors and high net worth individuals.

A turnkey solution inspired by best practices in pension funds, offering structured, diversified, and institutional access to the asset class.

Commercial communication of a promotional nature
It should be noted that past performance is not indicative of future results and is not consistent over time.
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Financial intermediary or professional investor
Financial advisors, wealth managers, private bankers, or any other investment service providers.
Qualified Investor or Altaroc Investor
Experienced investor or Altaroc investor
Private investors who have already invested with Altaroc or who have a minimum investment capacity of €100,000.
Private investors who have previously invested in Altaroc who have a minimum investment capacity of 200,000 euros.
Non-professional (retail) investor
Individual investors with an investment capacity below €100,000.
Retail investors with an investment capacity of less than 200,000 euros.
Institutional investor
Pension funds, retirement schemes, asset management companies, and single-family offices.
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