Astorius closes fourth fund of funds at EUR 81 million
Hamburg — Astorius successfully closed its private equity fund of funds Astorius Capital PE Fonds IV (“ACF IV”) at the maximum size of 81 million euros. The investment focus is traditionally on buyout and growth strategies in the European midmarket.
“Astorius Capital PE Fund IV is our largest private equity product for semi-professional investors to date, making it one of the most successful placements in this segment in the German market,” said Julien Zornig (photo), partner at Astorius Capital. In addition to many new investors, a large proportion of repeat customers are now among the subscribers who implement the model of gradual portfolio building with Astorius.
The total volume of ACF IV of 81 million euros represents the most successful fundraising in the company’s history to date. “The significant increase in volume but also the high proportion of repeat subscribers shows that we have firmly established ourselves in the market as a fund of funds specialist,” adds Zornig.
“The portfolio is already almost fully invested with six target funds,” explains partner Thomas Weinmann. In addition to four country funds and two Pan-European funds, at least one more target fund will be linked to close the investment. A number of corporate investments have already been acquired by the target funds, and Astorius expects to acquire around 70 corporate investments at peak.
“The market environment remains positive for medium-sized company investments. The past few years have been characterized by stable, attractive purchase price levels, which is reflected in the pleasing results of the predecessor funds,” says Weinmann.
Challenging investor environment
In addition to private individuals, smaller institutional customers and foundations were again attracted as investors. “We have continued to focus on the needs of our direct customers and partners and are constantly acting on the latest legal requirements” underlines Julien Zornig. In addition, Thomas Weinmann emphasizes that “the transparency created by Astorius and the institutional selection process, which we are continuously improving, remain a decisive factor.”
Astorius was founded in Hamburg in 2012 and is now one of the leading German providers of private equity investment solutions for semi-professional clients. The investment and wealth experts offer investors the opportunity to invest in funds of funds launched by Astorius. More than 900 European fund managers are evaluated for this purpose with the help of a proprietary database in an institutional analysis process.
The Astorius funds of funds successfully launched to date invest exclusively in high-growth medium-sized companies in Europe. Astorius also advises family offices on their private equity investments and investment strategies. In this fast-growing business segment, the wealth and investment professionals recently managed an investment volume of more than 650 million euros.