France unquote" April 2011
Astorg Partners has closed its fifth fund on a €1.05bn hardcap. Astorg V was launched in September 2010 with an €800m target and attracted strong interest from LPs.
The buyout house started preparing for the fundraising effort in June 2010 and initially contacted 187 LPs. Astorg V finally attracted commitments from 44 LPs; 25 new to the firm. Pension funds contributed 34% of all commitments, followed by funds-of-funds and insurance companies (18% each). Sovereign wealth funds make up 10% of the investor base.
In the April 2011 issue of France unquote":
- Mid-market valuations
- Healthcare providers
- And more...
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