Overview of the Vitruvian Investment Partners V Fund

Vitruvian Partners is an independent private equity firm recognized as one of Europe’s leaders in growth equity and growth buyout, with a global presence today. Led by an experienced team with backgrounds at firms such asApax , it has gradually established itself as a leader in growth strategies, particularly in the technology and innovation sectors.Its investment philosophy is based on identifying capital-light companies capable of generating very high organic growth. These companies generally share common characteristics: they operate in rapidly evolving markets, often driven by technological innovations or major regulatory changes, and possess strong disruptive potential. Vitruvian also distinguishes itself through a thematic approach. The team continuously monitors around ten major investment trends, enabling it to develop in-depth expertise across several subsectors of technology, healthcare, services, and consumer goods. This cross-sectoral view of the markets is a key advantage for identifying the most promising opportunities on a global scale. Another strength lies in the flexibility of its strategy. Vitruvian can engage in both growth equity (minority stake investments) and buyout controlling stake acquisitions), and adapt its approach according to geographic regions and market conditions. This agility allows it to seek, for each opportunity, the optimal balance between growth potential and valuation level. This investment discipline translates into solid and consistent performance. Historically, Vitruvian’s mature funds have delivered an average return of approximately 2.6 times net investment, with an IRR of IRR 23%, and a low loss rate. This balanced risk/return profile is based on rigorous company selection and strong execution capabilities.Finally, Vitruvian has built a high-quality team capable of applying management standards comparable to those of large-cap firms while operating effectively in the mid-market, primarily in Europe but also internationally. This combination of institutional rigor and operational agility reinforces its unique market positioning.In this context, the Vitruvian Investment Partners V fund, to which Altaroc Odyssey is exposed, continues this strategy, with a target size of €6.5 billion and a clear ambition: to capture the best growth opportunities on a global scale.