Astorg

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Not heard great things from inside uk.

what did you hear?

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thanks, super helpful. Do you know how the funds have been performing? And how bad is fundraising?

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?

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

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