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Laxman Pai, Opalesque Asia: Pan-European alternative asset manager Astorg has raised €4.4bn ( $4.8bn) for its biggest-ever flagship fund - Astorg VIII.
Astorg VIII is an Article 8 buyout fund, targeting B2B global niche leaders in its four target verticals: healthcare, technology, business services, and industrials, according to a media release from the French private equity firm.
The fund has already made five investments, representing total committed or earmarked capital from the fund of nearly €2bn, it said.
"Overall, our fundraising further illustrates the appeal of Astorg's investment strategy, given our enlarged investor base across categories and geographies, including capital from new international institutional investors in Asia, the Middle East, and Europe," said Jean Raby, Chief Client and Business Development Officer, Astorg.
"A meaningful part of capital committed also comes from third-party distributors, family offices, and high-net-worth individuals in France and abroad, reflecting the success of our expansion to the private investor market. We would like to thank all our investors for their trust, and we remain committed to providing them with best-in-class execution and services, and delivering on our value proposition," Jean added.
Separately, reflecting the firm's growth and development, Astorg evolves its governance and expands its Executive Committee (ExCo), with three new members: Judith Charpentie...................... To view our full article Click here
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