Altor holds final close on €2.5bn hard-cap

The vehicle was registered in Sweden in August, but began its official marketing period in September.

The firm capped its predecessor at €2bn and reached that volume in three months, holding a final close in July 2014, according to Unquote Data. It was approximately 70% deployed as of March 2018 and has completed three deals since then.

Monument Group acted as placement agent for the fundraise and has advised on all four of the GP’s previous vehicles.

Altor declined to comment.

Investors
The majority of the GP's existing investors reinvested in the latest vehicle. LPs in Altor's previous fund included ATP Private Equity Partners, Pantheon Ventures, AP3, Argentum. LGT Capital Partners, Aberdeen Standard Investments and the University of Michigan Endowment.

Investments
Altor Fund will primarily target private companies with revenues of €50-500m. Its investment mandate will also allow it to make minority investments in publicly traded companies and distressed debt.

People
Altor Equity Partners – Harald Mix (founding partner).

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