Louis Flamand,Altaroc 's Chief Investment Officer, spoke to Nic Humphries, Senior Partner and Executive Chairman of Hg , to understand the historical performance of the firm specializing in technology investments and present in the Vintage Altaroc Odyssey 2022.
"We have an investment multiple of 3.3. And an IRR of 33%," confides Nic (figures as at December 7, 2023).
*Source: Pitchbook - Global LBO & Growth Equity - 12/31/2023. ForAltaroc Odyssey's Vintage 2021, 2022 and 2023, the mature funds of the 15 selected managers generated an average net performance of 2.26x and 21.8% IRR (arithmetic average of the net performances of the Vintage 1999-2018 funds), which is higher than the performance limit to be ranked 1st quartile (2.06x / 21.7%) for the Vintage 1999 to 2018. A fund is ranked 1st quartile when its net performance is higher than that of 75% of the funds in its Vintage.