ESG in our business
As a responsible investor and manager, Altaroc is convinced that private equity is a powerful vector for combining growth and meaning.
Section 1
Our Purpose & Vision
Our Purpose
Democratize Private Equity by offering private clients the opportunity to access, like institutional investors and high-net-worth families, leading Private Equity funds and thus build sustainable wealth over the long term while participating in the financing of the real economy.
The development strategy ofAltaroc Partners is based on the UN's Sustainable Development Goals (SDGs) and strives to take them into account in every investment.
Our Vision
To help reduce inequality, Altaroc Partners is committed to:
Democratize: by reducing the barriers to entry for Private Equity, Altaroc Partners allows for a fairer redistribution of the performance generated by this asset class. It gives private clients the opportunity to build up long-term wealth based on the same model as that of wealthy families and to finance their retirement.
Financing: by channelling private clients' savings into leading Private Equity funds, Altaroc Partners enables them to participate in financing the real economy. Historically, the best-performing Private Equity funds have demonstrated their expertise in value creation, with a positive impact on company growth and job creation, as well as on ESG: structuring governance, promoting diversity in teams and steering actions to reduce environmental impact.
Support: created by Maurice Tchenio in 2010, the AlphaOmega Foundation provides sustainable funding and skills support to 7 associations working to promote the educational success of young French people from disadvantaged backgrounds. TheAltaroc Partners teams manage pro bono the AlphaDiamant philanthropic funds that finance the Foundation.
Section 2
Our ESG commitments
Our ESG commitments are built around three major pillars:
Participating in the sustainable growth of the economy,
Maximising our managers' ESG impact,
Playing role in solving societal challenges.
Pillar 1: Participating in the sustainable growth of the economy
Sub-pillar 1: Channelling private clients' savings into the real economy via Private Equity investment
Sub-pillar 2: Selecting the most qualified managers to create value within companies
Pillar 2: Optimising the ESG impact of our managers
Sub-pillar 1: Requiring the highest standards of ethics when conducting business
Sub-pillar 2: Integrating environmental and social criteria into our investment process
Pillar 3: Contribute to solving societal challenges
Sub-pillar 1: Reducing inequalities in savings management
Sub-pillar 2: Reducing inequalities in access to education via the AlphaOmega Foundation
Section 3
Our ESG Frameworks and Initiatives
Pioneer in ESG topics, Altaroc Partners has decided to formalize this commitment by voluntarily adhering to codes and standards recognized at the French and international level.
PRI
In 2021, Altaroc Partners has signed the PRI (Principles for Responsible Investment), thus affirming its desire to integrate responsible criteria into its management and investment policy.
PRI
In 2021, Altaroc Partners has signed the PRI (Principles for Responsible Investment), thus affirming its desire to integrate responsible criteria into its management and investment policy.
The labelling of our funds
Since 2021, all funds launched by Altaroc Partners are classified as Article 8 according to the European SFDR (Sustainable Finance Disclosure Regulation). To be classified as Article 8, funds commit to making investments that have environmental and/or social characteristics. They must also be very transparent, particularly in terms of reporting and monitoring of PAIs (Principal Adverse Impacts ).
Since 2021, all funds launched by Altaroc Partners are classified as Article 8 according to the European SFDR (Sustainable Finance Disclosure Regulation). To be classified as Article 8, funds commit to making investments that have environmental and/or social characteristics. They must also be very transparent, particularly in terms of reporting and monitoring of PAIs (Principal Adverse Impacts ).
Diversity Charter
Altaroc Partners is also a signatory of the Diversity Charter drawn up by the members of France Invest, aiming in particular to ensure that the following objective is met: 25% of women in senior positions by 2030 and 30% by 2035. As of December 31, 2023, 13 Altaroc out of 34 partners were women.
Today, two women are present in the company's management bodies and key positions (Director of Reporting & ESG and Director of Distribution France).
Altaroc Partners is also a signatory of the Diversity Charter drawn up by the members of France Invest, aiming in particular to ensure that the following objective is met: 25% of women in senior positions by 2030 and 30% by 2035. As of December 31, 2023, 13 Altaroc out of 34 partners were women.
Today, two women are present in the company's management bodies and key positions (Director of Reporting & ESG and Director of Distribution France).
Responsible Investment Policy
Due to the typology of its clients, Altaroc Partners has always favored investing in funds that deliver high, sustainable performance while limiting their risk-taking. We have formalized this strategy by becoming a PRI signatory in 2021 and then publishing our Responsible Investment Policy in 2022. Click on the link to discover this policy:
Due to the typology of its clients, Altaroc Partners has always favored investing in funds that deliver high, sustainable performance while limiting their risk-taking. We have formalized this strategy by becoming a PRI signatory in 2021 and then publishing our Responsible Investment Policy in 2022. Click on the link to discover this policy:
Section 4
The AlphaOmega Foundation
Maurice Tchenio created the AlphaOmega Foundation in 2010 with the aim of fighting against the dropout rate of young French people from disadvantaged backgrounds. Today, the Foundation provides financial support and skills coaching to 7 reference associations, selected for their leadership in youth education and employment.
To combat school dropout, the Foundation has divided a student's journey into key stages, from kindergarten to higher education. At these different stages, it has identified pivotal moments of risk of dropping out of school and it is at each of these pivotal moments that the seven reference associations intervene. They succeed in reducing the risk of dropping out with their own methodology and innovative solutions that they deploy in many territories thanks to an exceptional capacity for mobilization and commitment.
To combat school dropout, the Foundation has divided a student's journey into key stages, from kindergarten to higher education. At these different stages, it has identified pivotal moments of risk of dropping out of school and it is at each of these pivotal moments that the seven reference associations intervene. They succeed in reducing the risk of dropping out with their own methodology and innovative solutions that they deploy in many territories thanks to an exceptional capacity for mobilization and commitment.
The AlphaOmega Foundation in figures
1.640 million
young people supported (including 1.2 million in remedial education)
7
associations and charities we support
Either
10%
the target of the associations supported (excluding remediation)
12
people dedicated to the Foundation
Objective
2027
Reach
50%
of their target on average (excluding remediation)
The Foundation applies the methods of Private Equity to the service of the charitable world, using the methods of Venture Philanthropy. In addition to financing through the AlphaDiamant philanthropic funds, it provides long-term support to associations, providing them with the skills they need to scale up and make a lasting impact on society.
AlphaDiamant philanthropic funds
Philanthropic funds are financial structures established to raise, manage and distribute financial resources for charitable organizations or social initiatives.
AlphaDiamant funds raise capital from external investors (family offices, institutional investors and foundations) and invest this capital in co-investments managed by leading asset management companies. The returns from the three funds already raised enable the AlphaOmega Foundation to finance its activities. A fourth fund is in the process of being raised for a target amount of €75 million.
By investing the capital raised and donating part of the capital gains to the Foundation, investors in AlphaDiamant funds combine return and social impact, thanks to the commitment of Amboise Partners' teams, who source, analyze and monitor co-investments free of charge.
AlphaDiamant funds raise capital from external investors (family offices, institutional investors and foundations) and invest this capital in co-investments managed by leading asset management companies. The returns from the three funds already raised enable the AlphaOmega Foundation to finance its activities. A fourth fund is in the process of being raised for a target amount of €75 million.
By investing the capital raised and donating part of the capital gains to the Foundation, investors in AlphaDiamant funds combine return and social impact, thanks to the commitment of Amboise Partners' teams, who source, analyze and monitor co-investments free of charge.
Section 5
Focus on the Odyssey and Discovery ranges
All Odyssey and Discovery fund ranges are classified as Article 8 under European SFDR regulations: as such, they promote environmental and social characteristics.
In the second quarter of 2023, the Altaroc Odyssey 2021 fund published its first SFDR periodic report (for the 2022 financial year); the indicators collected and tracked in this report are, on the environmental front, carbon emissions, electricity and water consumption, and, on the social front, job creation, diversity and inclusion.
Funds launched in 2022 and 2023 will be subject to similar reporting from the 2024 financial year onwards.
In the second quarter of 2023, the Altaroc Odyssey 2021 fund published its first SFDR periodic report (for the 2022 financial year); the indicators collected and tracked in this report are, on the environmental front, carbon emissions, electricity and water consumption, and, on the social front, job creation, diversity and inclusion.
Funds launched in 2022 and 2023 will be subject to similar reporting from the 2024 financial year onwards.
Section 6
Responsible partners, managers and companies
We attach particular importance to the choice of managers with whom we work: from Nordic Capital, a major player in responsible investment, to CVC and Bridgepoint, each Vintage is invested with management companies that have placed responsible investment at the heart of their strategy.
CVC and Apax became signatories to the PRI (Principles for Responsible Investment) as early as 2011, Bridgepoint supports 180 charities, including 8 operating in the field of public health, and more than 81% of the companies financed by Nordic Capital had adopted a genuine ESG strategy by the end of 2021.
Many of the companies in which we have invested in recent years through these funds have a significant impact on the environment and society. These include
CVC and Apax became signatories to the PRI (Principles for Responsible Investment) as early as 2011, Bridgepoint supports 180 charities, including 8 operating in the field of public health, and more than 81% of the companies financed by Nordic Capital had adopted a genuine ESG strategy by the end of 2021.
Many of the companies in which we have invested in recent years through these funds have a significant impact on the environment and society. These include
Venterra: This group founded in 2021 develops offshore wind farms in Europe and North America. It offers logistics, technical and digital solutions to facilitate the implementation of the latter. Venterra is an important player in the energy transition.
Sun King: Operating in more than 40 countries, this company is focused on providing solar energy to people without access to electricity in Southeast Asia and Africa. It has already sold more than 23 million systems and now provides clean electricity to 19 million homes.
Choco: this Franco-German unicorn fights against food waste by facilitating the management of restaurant owners' orders from their suppliers thanks to a digital solution that saves time and reduces order errors.
Companies in our portfolios involved in addressing global challenges
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Odyssey
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