Astorius launches fourth fund-of-funds

Oscar Geen
31 January 2018

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Hamburg-based Astorius has announced the launch of its fourth fund-of-funds (ACF IV) with a target of €50m.

The fund is the same size as its predecessor ACF III, which launched in June 2016 and is expected to close on its target in the coming weeks.

The strategy remains unchanged from the previous generations, focusing on buyout and growth equity funds in the European mid-market.

Fund III made investments in €575m buyout fund Deutsche Private Equity III, Spanish mid-market vehicle Nazca IV, an unidentified Scandinavian fund and a pan-European mid-cap fund.

The vehicle will be managed by Hamburg-based Astorius Consult but will be registered in Luxembourg.

Investors
Astorius's LPs are generally German private individuals, family offices and small institutions that want exposure to pan-European private equity but struggle to get allocations to larger funds. The minimum investment in ACF IV is €200,000. Astorius also advises family offices on their PE allocations outside of its funds.

Investments
The vehicle will invest in mid-market buyout funds across Europe. Astorius said it has carried out analysis on more than 800 European fund managers and invested in just 10 to date.

People
Astorius Consult – Thomas Weinmann (managing partner).