Altor Closes Altor ACT I Fund at €1.1 Billion Hard Cap
Funding | Feb 11, 2025 | Monument Group
Altor, a prominent Nordic-based private equity firm, successfully closed its Altor ACT I fund at the hard cap of €1.1 billion. The fundraising was facilitated by Monument Group, which acted as the exclusive placement agent. Altor ACT I represents a significant financial milestone, showcasing the firm's strong investor backing and strategic prowess in deployment of capital within their target markets. Monument Group's role as a placement agent highlights their capability in securing substantial investor commitments and navigating complex fundraising processes. The closure of the fund at the hard cap underscores Altor's compelling investment strategy and potential for attractive returns, reinforcing its reputation among investors within the private equity sector.
Sectors
- Private Equity
- Financial Services
Geography
- Nordic Region – Altor is a Nordic-based private equity firm, indicating that the focus of their investments and operational strategy is within Nordic countries.
Industry
- Private Equity – The article discusses Altor, a private equity firm, in the context of closing a significant fund, Altor ACT I, at €1.1 billion.
- Financial Services – Involving fundraising activities managed by Monument Group highlights the financial services sector, particularly in the domain of investment funds.
Financials
- €1.1 billion – The hard cap amount for which Altor ACT I fund was closed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Altor | Target Private Equity Firm | Company | A leading Nordic-based private equity firm that successfully closed its Altor ACT I fund. |
| Monument Group | Placement Agent | Company | Served as exclusive placement agent for Altor ACT I, facilitating the successful fundraising effort. |