Swedish private equity firm Altor Equity Partners has closed its fifth fund at a hard cap of 2.5 billion euros. Altor Fund V’s limited partners include Nordic institutions, U.S. university endowments, charitable foundations and other international institutions. Monument Group was the placement agent.
London, February 8, 2019 – Monument Group, one of the industry’s leading placement agents, has advised Altor in raising Altor Fund V (“The Fund” or “Fund V”). The Fund held a single closing at its hard cap of EUR 2.5 billion of commitments after a brief fundraising period.
The investor base for Fund V, which closed on 6 February, 2019, is comprised of primarily existing investors with a select group of new investors being invited. Investors include high quality Nordic institutions, US university endowments, charitable foundations and other leading international institutions.
“Demand for Altor Fund V has been extremely strong, with many existing investors increasing the size of their investment as well as significant interest from new investors,” said Laurence Zage, a Managing Director at Monument Group. “This is testament not only to Altor’s track record of value creation and ability to generate superior returns, but also their trustworthiness and transparency. We are proud to have assisted Altor with each of their previous fundraises in a relationship that dates back more than 15 years.”
“Through our longstanding relationship, Monument Group has developed a deep understanding of our story and market strategy,” said Harald Mix, a Partner at Altor. “Because of this, we have a tremendous amount of confidence in the Monument Group team that they can successfully marshal the fundraising process, thereby enabling us to focus on making and managing our investments and building world-class companies. We are grateful to Monument Group for their support once again with this successful fundraise.”
In total, Monument Group has now assisted Altor raise EUR 8.3 billion for all their funds: Altor 2003 Fund, Altor Fund II (2006), Altor Fund III (2008), Altor Fund IV (2014) and Altor Fund V (2019).
Monument Group served as exclusive placement agent to Altor.
Since inception, the family of Altor funds has raised some EUR 8.3 billion in total commitments. The funds have invested in excess of EUR 4.2 billion in more than 40 companies. The investments have been made in medium sized, predominantly Nordic, companies with the aim to create value through growth initiatives and operational improvements. Among current and past investments are ByggMax, Carnegie Investment Bank, Dustin, Dynapac, Helly Hansen, Lindorff and SATS ELIXIA. For more information visit www.altor.com.
About Monument Group
Monument Group is a leading, independent private fund placement agent managed by a senior team with significant buy-side investment heritage. Since its inception in 1994, Monument Group has assisted a range of general partners around the world to raise over 90 funds, totaling more than $100 billion of equity. These clients represent a broad variety of investment strategies including buyouts, debt, distressed, energy and natural resources, growth, infrastructure and real estate. Monument Group has offices in Boston, London, Hong Kong and Tokyo. For more information, visit www.monumentgroup.com.