ESG in our business
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:
Our ESG commitments
Pillar 1: Participating in the sustainable growth of the economy
Since 1995 via the listed company Altamir, and since 2021 via its fund ranges, Altaroc Partners has been investing private client savings in companies managed by leading private equity funds.
They put the capital entrusted to them to work by selecting high-potential companies in buoyant sectors of the economy (Tech & Software, Services, B2C digital, Healthcare).
They support companies with a wide range of expertise that enable them to transform business models, accelerate value creation and create leaders in their markets, resulting in stronger growth and therefore a positive impact on employment.
As a fund of funds, Altaroc Partners selects management companies with a proven track record, whose know-how consists in supporting companies operationally and not only financially.
Asset management companies rely on Operating Partners, experts who have very advanced in-house skills and put them to work for the companies they support in order to unlock potential for value creation, identified beforehand, and hither to little or not exploited.
These experts work hand-in-hand with executives to help them increase operational efficiency, expand into new markets and stay at the forefront of innovation.
Pillar 2: Optimising the ESG impact of our managers
As part of our responsible investment policy, we have formalised strict commitments in terms of ethics and compliance and, before investing in a fund, we ensure that it meets our standards:
- Compliance with applicable laws and regulations
- Adoption of a globally recognized ESG standard framework such as the PRI or the European SFDR regulation,
- Application of an exclusion policy in line with our own
The core of our investment strategy is to invest as a minority shareholder in funds in high-growth sectors (B2B or B2C Digital software, etc.), or occasionally to co-invest alongside these funds in target companies we consider promising. Investing as a fund of funds limits our legal power to influence and constrain, if need be, partner management companies on their ESG practices.
Before investing with a fund manager, we therefore conduct extensive ESG due diligence to ensure that they meet our ethical and compliance requirements. These due diligences are also crucial for identifying risks related to environmental issues and also cover social aspects.
We have produced an analysis grid for the ESG performance of our partner management companies based on 5 criteria:
As of 30/06/2023 (18 asset management companies):
We prefer to allocate capital to Article 8 or equivalent funds. These funds are committed to making investments with environmental and/or social characteristics, and to a high level of transparency, particularly in terms of reporting and PAI (Principal Adverse Impact).
Pillar 3: Contribute to solving societal challenges
To provide access to institutional-grade investments and enable private clients to build sustainable wealth and finance their retirements.
Despite its historic outperformance (*), Private Equity is still largely unknown to the general public (less than 1% of French people's savings are invested in Private Equity), despite the fact that it enables investors to build lasting wealth and is an ideal way to finance their retirement.
The wealth required to invest in Private Equity funds (generally at least €10M) as well as the lack of liquidity inherent in the asset class limit its accessibility. Its opacity is an additional barrier for private clients: lack of knowledge of the fund managers, who are mostly Anglo-American, long and complex subscription formalities and capital calls on an ongoing basis, depending on the investments.
To encourage private clients to invest in the private equity asset class, Maurice Tchenio and Altaroc Partners have been working for almost 30 years to develop solutions to overcome the barriers to investment.
Altaroc Partners also plays a key role in popularizing the asset class: education and training of distribution partners, product subscription facilitated by the 100% digital platform and dedicated tools available online(e-books on Private Equity, educational videos, knowledge base, etc.).
A successful country is a country where every young person is able to succeed.
It was based on this observation that Maurice Tchenio created the AlphaOmega Foundation in 2010, which has set itself the goal of fighting against the dropout rate of young French people from disadvantaged backgrounds.
To do this, 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, during which it intervenes indirectly through financial support and skills coaching provided to 7 associations, selected for their leadership in education and employment.
Since its creation, the Foundation has supported nearly 2 million young French people.
To finance this support, Maurice Tchenio created the AlphaDiamant philanthropic funds: managed free of charge by theAltaroc Partners teams, they have raised over 80 million euros since their creation.
Our ESG Frameworks and Initiatives
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.
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 ).
Altaroc Partners is also a signatory to the Diversity Charter drawn up by the members of France Invest, aimed in particular at achieving the following target: 25% of women in senior positions by 2030 and 30% by 2035. On December 02, 2024, 15 out of 41Altaroc Partners employees were women.
Today, there are three women on the company's management bodies and in key positions (Reporting & ESG Director, Legal Director and Swiss Office Director).
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:
The AlphaOmega Foundation
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
AlphaDiamant philanthropic funds
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 the AlphaDiamant funds combine return and social impact, thanks to the commitment of theAltaroc Partners teams, who source, analyze and monitor co-investments free of charge.