Astorg has held the closing of its first dedicated mid-cap fund (Astorg Mid-Cap) at EUR1.3 billion. Due to strong investor demand, the fund exceeded its initial target of EUR1 billion and hit its hard cap.
Astorg Mid-Cap was launched in 2020 under the leadership of Managing Partners Lionel de Posson and Edouard Pillot to address the European middle-market for buyouts, which has been Astorg’s core expertise since the firm’s foundation in 1998.
Consistent with Astorg’s strategy and experience, Astorg Mid-Cap seeks to invest in European-based, global B2B niche leaders that benefit from secular and resilient growth as well as attractive and profitable business models. Astorg strongly believes in responsible investing and has set up Astorg Mid-Cap as an Article 8 Fund, promoting ESG undertakings which are fully integrated to its policies and processes.
Astorg Mid-Cap is backed by a global and diverse investor base, including public and corporate pension funds (25 per cent), institutional asset managers (28 per cent), insurance companies (18 per cent), Sovereign Wealth Funds (4 per cent) and other institutional and high-net-worth investors (25 per cent), located in Europe (70 per cent), North America (18 per cent), Middle East (7 per cent) and Asia (5 per cent). Investors include a combination of longstanding Astorg limited partners as well as new investors for Astorg.
