\closed since
3/4/2023
Performance assumption
Net of all fees, averaged over business cycles
13%/year
1.7x the committed capital
Investing in private equity entails risks, particularly in terms of liquidity and capital loss.
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.
Discover Odyssey 2022
For its second Vintage Odyssey, Altaroc has structured a portfolio comprising 7 international funds selected from 6 leading asset management companies, as well as 7 co-investments made alongside them.
This allocation targets sector and geographic diversification consistent with Altaroc's preferred investment focus, with the aim of building a robust and resilient portfolio over the long term.
This allocation targets sector and geographic diversification consistent with Altaroc's preferred investment focus, with the aim of building a robust and resilient portfolio over the long term.
2022 Vintage key points
Size
465 millions of euro
marketing period
Du 01/02/2022 au 30/03/2023
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
Carried interest
20% only on co-investments
Management fees
From 2.5% to 1.65% per year depending on amount subscribed by the investor
Investment by Altamir
€40 million
final closing
31 March 2023
The Odyssey range is available to clients deemed professional by nature or size (as defined by MiFID II), as well as to private investors with the capacity to invest € 100,000, subject to the product and investment horizon meeting their needs.
This is a marketing 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 in relation to 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 marketing 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 in relation to liquidity and capital loss. To find out about all the risks associated with Private Equity, visit our Private Equity Performance and Risks page.
465 €m
The
Odyssey 2022 portfolio
Target composition of the €500m Vintage
80% or €400m invested in top-quartile funds
20% or €100m in co-investments
managers
Co-Investment
372 €m
managers
€372m already committed to 7 global funds
Target
80%, i.e. €372m , invested through selected managers
The fund portion of Vintage Altaroc Odyssey 2022 is invested in 7 international funds managed by 6 leading asset management companies. These include: Hg (software, Europe), Apax buyout globalbuyout ), Bridgepoint buyout pan-Europeanbuyout ), Cressey (healthcare, USA), STG and Accel-KKR (software, value and growth strategy, USA). This selection aims to achieve sectoral and geographic diversification in line withAltaroc's long-term strategy.
As of September 30, 2024, €112 million had been invested through the Vintage funds.
Investing in private equity involves risks, particularly of capital loss and illiquidity. Past performance is no guarantee of future results.
As of September 30, 2024, €112 million had been invested through the Vintage funds.
Investing in private equity involves risks, particularly of capital loss and illiquidity. Past performance is no guarantee of future results.
Cressey & Company
41.88499948961384, -87.63628214565281
Cressey & Company
the funds
$28m
Cressey fund VII
Disclosures regarding the manager
year of inception
1976
Offices
2
Assets under management
3 $bn
the team
+ 45 people
STG
37.45582541522596, -122.1854168679586
STG
the funds
36,8 €m
STG Fund VII
Disclosures regarding the manager
year of inception
2002
Offices
3
Assets under management
5 $bn
the team
+60 people
Accel-KKR
37.42315075671345, -122.1985055029838
Accel-KKR
the funds
18,4 €m
Accel-KKR Buy-Out VII
Disclosures regarding the manager
year of inception
2000
Offices
4
Assets under management
15 $bn
the team
+100 people
Apax
51.502292306820635, -0.15315418893313046
Apax
the funds
20 €m
Apax X LP
100 €m
Apax XI LP
Disclosures regarding the manager
year of inception
1972
Offices
7
Assets under management
60 $bn
the team
+280 people
Bridgepoint
51.513777400920496, -0.16024904511729007
Bridgepoint
the funds
80 €m
Bridgepoint Europe VII
35 €m
Bridgepoint Development Capital V
Disclosures regarding the manager
year of inception
1984
Offices
10
Assets under management
41 €bn
the team
+360 people
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93 €m
co-investment
82M already invested in 7 companies
Target
20% of assets or
€93m
The "co-investments" portion of the Altaroc Odyssey 2022 vintage is allocated to 7 operations selected alongside reference managers. These include: 3 co-investments with Hg (software, insurance brokerage), 2 with Apax (home services in North America, software), 1 with Bridgepoint (operational real estate in France) and 1 with General Atlantic (online marketplaces). These investments are designed to reinforce the portfolio's diversification and selectivity.
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.
ThoughtWorks
Founded in 1993 in the United States, ThoughWorks is a leading digital transformation and software development company, helping its customers to solve complex technological problems.
manager
regional split
North America
Sector
Technology and Software
Adevinta
Adevinta is a Norwegian company listed on the stock exchange and specializing in the distribution of various classified ads.
manager
regional split
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.
manager
regional split
Europe
Sector
B2B services
IFS
IFS is the world’s leading provider of ERP management software for industrial companies across the globe.
manager
regional split
Europe
Sector
Technology and Software
Authority Brands
Authority Brands is the foremost franchisor of home services in North America. A leading brand, its services cover care for the elderly, swimming pool maintenance and outdoor pest control.
manager
regional split
North America
Sector
B2B services
The Access Group
Access is a leading provider of business software for medium and intermediate-sized companies in the UK and Asia-Pacific.
manager
regional split
Europe
Sector
Technology and Software
Howden
Howden is a leading insurance brokerage group, operating across the entire value chain (insurance, reinsurance, brokerage, consulting...).
manager
regional split
Europe
Sector
B2B services
By investing in Odyssey Vintages, our clients support growing companies around the world that are positioned in the sectors of the future.
Discover the French and global #unicorns that make up our exceptional Vintages. Also discover our #high-growth companies that are disrupting their markets through #innovation. Our portfolios are also built around companies that are span class="text-color-primary400">#must-haves, which you're bound to be familiar with and that are recognised for their #positive impact on the world.
OCS / Finwave
Merger of OCS and Finware (carve-out of Lutech, held by the Apax X LP fund). The group is one of the top European runners in financial software.
manager
regional split
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.
manager
regional split
Europe
Sector
B2B services
PEI Group
PEI is a leading information services group that covers the global alternative assets market, including real estate, infrastructure, Private Equity and private debt.
manager
regional split
Europe
Sector
B2B services
Team.blue
Team.blue is one of Europe's leading providers of online hosting services for SoHos (small offices/home offices) and SMEs throughout Europe.
manager
regional split
Europe
Sector
Technology and Software
Windar
Founded in Spain in 2007, Windar is a key manufacturer of wind energy components, specialising in towers for onshore wind power and floating substructures for offshore wind power.
manager
regional split
Europe
Sector
B2B services
The Access Group
Access is a leading provider of business software for medium and intermediate-sized companies in the UK and Asia-Pacific.
manager
regional split
Europe
Sector
Technology and Software
HealthDrive
HealthDrive practitioners provide a full range of clinical services in long-term care facilities.
manager
regional split
North America
Sector
Healthcare
RoC
RoC is an iconic French cosmetics brand specialising in anti-ageing skincare.
manager
regional split
Europe
Sector
Healthcare
IBS Software
IBS Software is leader in SaaS solutions for logistics and tourism. Its software helps optimise airline management and is used by such prestigious customers as Cathay Pacific Airways, Air Canada and Singapore Airlines.
manager
regional split
Rest of the world
Sector
Technology and Software
Avid Technology
Since it was founded in 1987, Avid Technology has become one of the world's leading developers of professional music creation software, from video editing tools to audio editing tools.
manager
regional split
North America
Sector
Technology and Software
Investor communications
4 financial reports and 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 No. 1
31 March
Report No. 2
31 May
Report No. 3
30 September
Report No. 4
30 November
ESG Report
31 December
Newsroom
All the latest news on the 2022 Vintage
Newsletter
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The investor’s life at Altaroc
The Odyssey Vintages have been designed to meet the specific needs of private clients.
A simple fully 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 fully 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.
FAQs
What are the advantages of offering the Vintage ranges?
Why are Odyssey Vintages being deployed so quickly?
Why target only the Technology, Healthcare, B2B Services and Digital Consumer sectors?
Will all the Odyssey Vintages be the same?
Great Hill Partners
Vitruvian
Thoma Bravo
Summit Partners
Vista
New Mountain Capital
Inflexion
Main Capital
Cressey & Company
TA Associates
STG
Accel-KKR
Five Arrows
Seven2
Nordic Capital
Hg
Insight Partners
Apax
CVC
General Atlantic
Bridgepoint
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