Astorg
Any insights on Astorg - how is their performance / returns, culture, work-life balance and compensation?
Any insights on Astorg - how is their performance / returns, culture, work-life balance and compensation?
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Career Resources
Bump
Not heard great things from inside uk.
what did you hear?
Deleted
thanks, super helpful. Do you know how the funds have been performing? And how bad is fundraising?
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i believe i saw they are killing the GP led team due to inability to fundraise. that is never a good sign
Can confirm - toxic culture
How does this vary across fund? The flagship fund has definitely had performance and fundraising issues while the Mid-cap strategy (which is relatively new) is doing good from what I've heard. Can anyone comment on the culture at the Mid-cap fund?
Very bad.Before I left in 2024, mid-cap was doing fine but came under increasing pressure. This meant that seniors made the environment very stressful for the juniors and directors. Can't comment as I only interfaced with their interns through socials but it was clear that the vibe was very bad, work was not meaningful to the juniors and the leadership was struggling to make tangible inroads with the deal screening and subsequent IC reviews.
What sort of work / hours?
Astorg VIII (2021): $4.7B, 9% IRR, 1.1x TVPI
Astorg VII (2018): $4.8B, 11% IRR, 1.4x TVPI
Astorg VI (2015): $2.4B, 13% IRR, 1.7x TVPI
Per Pitchbook
Do you have DPI stats? Sorry don't have access to Pitchbook
This is a PE fund?! Jesus!
Excuse my ignorance but what is the average you'd expect as a PE IRR?
is the performance really that bad? they raised a EUR 4.4bn fund in may24, and did some very strong exits in 2024. hard to find someone who either worked, or knows someone who worked, there as a full-time IP. any additional insights into deployment, performance and culture would be very helpful! as always looks nice and shiny from the outside, but curious to hear how it looks beneath the hood
avoid like the plague
thank you made me laugh, but are there any details you can share? why is is that bad?
There's a long thread on Astorg a few weeks ago.
https://www.wallstreetoasis.comhttps://www.wallstreetoasis.com/forum/private-equity/psa-astorg-london-office-do-not-join
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