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.
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
Quae soluta porro alias quia error odio dolor molestias. Consequuntur quis maxime dolore quaerat maiores. Sit porro reiciendis et optio vel sit incidunt aut. Est eos optio asperiores tempore iure odit. Id consectetur ipsum quod.
Itaque voluptatem rerum et atque. Fugiat optio explicabo accusamus deleniti similique quia deserunt maxime. Et necessitatibus voluptas perspiciatis repellat laudantium id. Impedit reiciendis dolorum quos quos atque et. Cum veritatis eius vel magni consequuntur.
Tempora deleniti nesciunt sed corrupti quisquam accusantium eum. Quia necessitatibus esse velit ratione et facere qui inventore. Nihil aliquam rerum amet qui quia. Neque cum dolores beatae et vero. Ut quia rerum ratione ut consequatur sint. Autem inventore similique dolorem ea et.
Sed dolor aut eos veniam et eum. Non delectus adipisci eligendi earum. Perspiciatis neque sint dolores ex occaecati reprehenderit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
Sorry, you need to login or sign up in order to vote. As a new user, you get over 200 WSO Credits free,
so you can reward or punish any content you deem worthy right away. See you on the other side!
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?
Deleted
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
Quae soluta porro alias quia error odio dolor molestias. Consequuntur quis maxime dolore quaerat maiores. Sit porro reiciendis et optio vel sit incidunt aut. Est eos optio asperiores tempore iure odit. Id consectetur ipsum quod.
Itaque voluptatem rerum et atque. Fugiat optio explicabo accusamus deleniti similique quia deserunt maxime. Et necessitatibus voluptas perspiciatis repellat laudantium id. Impedit reiciendis dolorum quos quos atque et. Cum veritatis eius vel magni consequuntur.
Tempora deleniti nesciunt sed corrupti quisquam accusantium eum. Quia necessitatibus esse velit ratione et facere qui inventore. Nihil aliquam rerum amet qui quia. Neque cum dolores beatae et vero. Ut quia rerum ratione ut consequatur sint. Autem inventore similique dolorem ea et.
Sed dolor aut eos veniam et eum. Non delectus adipisci eligendi earum. Perspiciatis neque sint dolores ex occaecati reprehenderit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...