Altaroc’s fee structure

Frédéric Stolar highlights Altaroc transparent and educational approach to fees, comparing them directly to those of traditional banking solutions such as feeder funds. The overall cost for a private investor is similar across both models, at around 3.5% to 3.7%, but the structure differs significantly. Altaroc from lower underlying fees thanks to access to major international funds (approximately 1.5%), and especially to a significant portion of co-investments made without fees or carried interest, which automatically reduces the average cost.Beyond price, the key difference lies in the quality of the offering. Whereas a feeder fund provides access to a single, often local fund, Altaroc a diversified global portfolio composed of several exceptional managers, with an allocation optimized by sector and geography. This diversification enables better risk management and higher performance potential. The investor experience has also been reimagined, featuring comprehensive digital reporting, scheduled capital calls, and increased transparency regarding the underlying investments. Another fundamental aspect is the alignment of interests. Unlike banks that act merely as distributors,Altaroc founders themselvesAltaroc significant amounts alongside their clients, under the same terms. This direct involvement reinforces the credibility and consistency of the strategy. Finally, building an institutional-quality private equity portfolio requires significant resources: analysis teams, due diligence, operational monitoring, and reporting. Altaroc these costs and converts them into variable fees for investors, giving them access to a level of expertise normally reserved for large institutions. The weight of fees also evolves over time, being higher at the outset due to the structure of capital calls, then gradually decreasing as investments are deployed and distributions begin.