Monument Group advises Altor on EUR2.5bn fundraise


Monument Group has advised Altor on the raising of Altor Fund V, which closed at its hard cap of EUR2.5 billion of commitments after a brief fundraising period.

The investor base for Fund V, which closed on 6 February 2019, is comprised of primarily existing investors with a select group of new investors being invited. Investors include high quality Nordic institutions, US university endowments, charitable foundations and other leading international institutions.
 
“Demand for Altor Fund V has been extremely strong, with many existing investors increasing the size of their investment as well as significant interest from new investors,” says Laurence Zage, a Managing Director at Monument Group. “This is testament not only to Altor’s track record of value creation and ability to generate superior returns, but also their trustworthiness and transparency. We are proud to have assisted Altor with each of their previous fundraises in a relationship that dates back more than 15 years.”
 
“Through our longstanding relationship, Monument Group has developed a deep understanding of our story and market strategy,” says Harald Mix, a Partner at Altor. “Because of this, we have a tremendous amount of confidence in the Monument Group team that they can successfully marshal the fundraising process, thereby enabling us to focus on making and managing our investments and building world-class companies. We are grateful to Monument Group for their support once again with this successful fundraise.”
 
In total, Monument Group has now assisted Altor raise EUR 8.3 billion for all their funds: Altor 2003 Fund, Altor Fund II (2006), Altor Fund III (2008), Altor Fund IV (2014) and Altor Fund V (2019).
 
Monument Group served as exclusive placement agent to Altor.

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