\closed since
3/4/2023
Yield assumption
Net of all fees, averaged over business cycles
>13% /year
1.7x the commitment
The scenarios presented are estimates of future performance based on past data relating to changes in the value of this investment and/or current conditions; they do not constitute an exact indicator. What you achieve will depend on market trends and how long you hold the investment or product. Future performance is subject to tax, which depends on each investor's personal situation and may change in the future. Investment may result in financial loss, as there is no capital guarantee. Private equity investments entail risks, notably liquidity and capital loss.
Discover Odyssey 2022
The Odyssey 2022 Vintage has raised a total of €465m over 12 months.
The amounts have been allocated to six funds from leading international managers, and three co-investments have already been made alongside them.
This allocation offers effective diversification across the sectors and geographies favored by Altaroc Partners.
The amounts have been allocated to six funds from leading international managers, and three co-investments have already been made alongside them.
This allocation offers effective diversification across the sectors and geographies favored by Altaroc Partners.
Vintage 2022 key points
Size
465 million euros
marketing period
From 1 February to 30 March 2023
duration
10 years
Luxembourg life insurance
Eligible for Luxembourg life insurance
LEGAL FORM
FPCI
minimum subscription
100 000€
SRRI classification
6
SFDR CLASSIFICATION
Article 8
Performance fees
20% exclusively in co-investments
Management fees
From 2.5% to 1.65% per annum depending on the amount subscribed by the investor
Altamir's investment
€40M
last closing
31 March 2023
The Odyssey range is available to clients deemed professional by nature or size (as defined by MiFID2), as well as to private investors with the capacity to invest 100,000 euros, subject to the product and investment horizon meeting their needs.
This is a promotional document. Please refer to the fund's regulatory documentation and Key Information Document (KID) before making any investment decision. A summary of investors' investment rights can be found in the KID, which is available in our document library.
Investing in Private Equity involves risks, notably involving liquidity and capital loss. To find out about all the risks associated with Private Equity, visit our Private Equity Performance and Risks page.
This is a promotional document. Please refer to the fund's regulatory documentation and Key Information Document (KID) before making any investment decision. A summary of investors' investment rights can be found in the KID, which is available in our document library.
Investing in Private Equity involves risks, notably involving liquidity and capital loss. To find out about all the risks associated with Private Equity, visit our Private Equity Performance and Risks page.
465M€
The
Odyssey 2022 portfolio
Target composition of the €500 million vintage
80% or €400m invested in top-quartile funds
20%, or €100m in co-investment
fund managers
Co-investment
372M€
fund managers
372M already committed to 7 international funds
Objective
80% invested through selected managers, i.e. 372M€
The fund portion of Vintage Altaroc Odyssey 2022 is fully committed to 7 funds: Hg Saturn 3 and Hg Genesis 10, two buyout funds managed by Hg, Europe's leading software fund manager, Apax XI, a leading buyout fund with global geographic coverage, Bridgepoint Europe VII, a leading buyout pan-European fund, Cressey VII, a fund specializing in the US healthcare sector, and two other funds specializing in US software companies: STG VII, a fund with a value strategy, and Accel KKR buyout VII, a growth-oriented fund.
Private Equity investments entail risks of capital loss and liquidity. Past performance is no guarantee of future results.
Private Equity investments entail risks of capital loss and liquidity. Past performance is no guarantee of future results.
Cressey & Company
41.88499948961384, -87.63628214565281
Cressey & Company
the funds
$28M
Cressey fund VII
Fund manager information
year established
1976
Offices
2
Assets under management
3 billions $
team
+ 45 people
STG
37.45582541522596, -122.1854168679586
STG
the funds
37M€
STG Fund VII
Fund manager information
year established
2002
Offices
3
Assets under management
5 billions $
team
+60 people
Accel-KKR
37.42315075671345, -122.1985055029838
Accel-KKR
the funds
19M€
Accel-KKR Buyout VII
Fund manager information
year established
2000
Offices
4
Assets under management
15 billion
team
+100 people
93M€
co-investment
€42.2M already invested in three companies
Objective
20% invested or
93M€
93M€
The co-investment portion of Vintage Altaroc Odyssey 2022 has been allocated to 5 co-investments to date: 2 co-investments alongside HG in 2 software companies, a co-investment alongside Apax in a North American home services franchise platform, a co-investment alongside Bridgepoint in a carve-out of the Nexity group's property management business in France, and finally a co-investment is about to be made alongside Nordic Capital in an international pharmaceutical company.
Private Equity investments entail risks of capital loss and liquidity. Past performance is no guarantee of future results.
Private Equity investments entail risks of capital loss and liquidity. Past performance is no guarantee of future results.
Visma
Founded more than 25 years ago, Visma has gradually established itself as one of Europe's leading cloud software companies.
fund manager
geography
Europe
Sector
B2B Services
The Access Group
Access is a leading provider of business software for medium-sized and mid-sized companies in the UK and Asia-Pacific.
fund manager
geography
Europe
Sector
Technology and Software
Authority Brands
Authority Brands is North America's leading home services franchiser. It is a leading brand, ranging from care for the elderly to pool maintenance and outdoor disinsectisation.
fund manager
geography
North America
Sector
B2B Services
IFS
IFS is the world's leading provider of ERP management software for industrial companies worldwide.
fund manager
geography
Europe
Sector
Technology and Software
Evoriel (ex-Nexity ADB)
Nexity ADB is the former Personal Services division of the Nexity Real Estate group, focused on condominium management and rental leases.
fund manager
geography
Europe
Sector
B2B Services
By investing in Odyssey Vintages, our clients are supporting growing companies positioned in the sectors of the future around the world.
Discover the French and international unicorns that make up our exceptional Vintage. Discover also 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 know and that are recognized for their positive impact on the world.
Bazooka Candy Brands
Bazooka produces, markets and distributes confectionery ranges (lollipops, gummies, chews and chewing gum), packaged in unique formats and under iconic brands such as Ring Pop, Push Pop, Juicy Drop and Bazooka Bubble Gum.
fund manager
geography
North America
Sector
B2C
Avid Technology
Founded in 1987, Avid Technology is one of the world's leading developers of professional music creation software, from video editing tools to audio editing tools.
fund manager
geography
North America
Sector
Technology and Software
IBS Software
IBS Software is the leader in SaaS software solutions for logistics and tourism. Its software helps optimise airline management and is used by prestigious customers such as Cathay Pacific Airways, Air Canada and Singapore Airlines.
fund manager
geography
Rest of world
Sector
Technology and Software
Ideagen
Ideagen is a world leader in compliance software for regulated industries.
fund manager
geography
Europe
Sector
Technology and Software
The Access Group
Access is a leading provider of business software for medium-sized and mid-sized companies in the UK and Asia-Pacific.
fund manager
geography
Europe
Sector
Technology and Software
Windar
Founded in Spain in 2007, Windar is a key player in the manufacture of wind turbine components, specialised in towers for onshore wind power and floating substructures for offshore wind power.
fund manager
geography
Europe
Sector
B2B Services
OCS / Finwave
The merger of OCS and Finwave (carve-out of Lutech, owned by the Apax X LP fund) makes the group one of Europe's leading players in financial software.
fund manager
geography
Europe
Sector
Technology and Software
PEI Group
PEI is a leading information services group that covers the global alternative asset market, including real estate, infrastructure, Private Equity and private debt.
fund manager
geography
Europe
Sector
B2B Services
IFS
IFS is the world's leading provider of ERP management software for industrial companies worldwide.
fund manager
geography
Europe
Sector
Technology and Software
Palex
Palex Medical is a Spanish company distributing hospital equipment and solutions in over 40 medical specialties.
fund manager
geography
Europe
Sector
Healthcare
Investor relations
4 financial reports
& 1 ESG report per year
& 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.
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 N°1
31 March
Report N°2
31 May
Report N°3
30 Sept.
Report N°4
30 Nov.
ESG Report
31 Dec.
Newsroom
All the latest news from the 2022 Vintage
Newsletter
Subscribe to our newsletter to keep up to date with all the latest news.
The investor's life at Altaroc
The Odyssey Vintages have been designed to meet the specific needs of private clients.
A simple 100% digital subscription, a simplified capital call system, tracking of Vintage events and news on the underlying companies: everything has been thought out to offer a seamless and positive experience for both our investors and their advisors.
A simple 100% digital subscription, a simplified capital call system, tracking of Vintage events and news on the underlying companies: everything has been thought out to offer a seamless and positive experience for both our investors and their advisors.
FAQ
Why offer Vintage ranges?
Why is Vintage Odyssey being deployed so quickly?
Why target only the Technology, Healthcare, B2B Services and Digital Consumer sectors?
Will all Vintage Odyssey models be similar?
Vitruvian
Thoma Bravo
Summit Partners
Vista
New Mountain Capital
Inflexion
Main Capital
Cressey & Company
TA Associates
STG
Accel-KKR
Five Arrows
Seven2
Nordic Capital
Insight Partners
Apax
CVC
General Atlantic
Bridgepoint
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