Astorg has held an interim closing of its its flagship fund, Astorg VIII, with total fund commitments of €4bn, which represents about 90% of the target size and hard cap of €4.5bn, and a nearly 10% increase on Astorg’s predecessor fund.
Astorg has held an interim closing of its its flagship fund, Astorg VIII, with total fund commitments of €4bn, which represents about 90% of the target size and hard cap of €4.5bn, and a nearly 10% increase on Astorg’s predecessor fund.
Astorg will be accepting commitments in respect of Astorg VIII until 31 January, 2024. Recent commitments have come from new investors, existing investors in prior Astorg funds who had yet to commit to Astorg VIII, and investors who had committed early to Astorg VIII and have decided to increase their exposure.
Astorg VIII is an Article 8 Pan-European fund targeting B2B global niche investments in defined subsegments of its four targeted verticals: healthcare, technology, business services and industrials.
Since the beginning of the investment period, Astorg VIII has made four investments, representing total invested capital from the fund of €1.8bn or over 40% of its target commitments of €4.5bn. Three of these investments have generated significant co-investment opportunities for the fund’s LPs, bringing total capital deployed to date to €3.6bn.
