Key Discussion Points

November 2024

November 2024
Altor Emerging Growth Fund

The Altor Emerging Growth Fund is currently raising up to $4.5m to invest into a business called Pickstar via convertible notes.

By way of background, the Altor Emerging Growth Fund takes a Private Equity approach to private and listed companies (outside the ASX300). It will hold a concentrated portfolio of up to 20 holdings representing the best investment ideas generated by Altor’s investment team and the broader Prime Group.

Key highlights:

  • Return target of 15% p.a. (net of fees) over 3-5 years;
  • Targeting lower mid-market (sub-$100m revenue) firms, listed or unlisted;
  • Look to find and engage with companies proactively and in partnership to unlock value; and
  • Exposure to sectors with structural growth/tailwinds including financial services, healthcare, infrastructure services, waste management, and defence.

Altor Capital believes in alignment with management teams of investee companies. Returns are driven by assisting companies achieve their strategic growth objectives, not financial engineering. Value-add activities provided to investee companies cover five key areas: Corporate Governance, Operational, Business Strategy, Stakeholder Relations, and Financial Strategy.

Investors of the Fund benefit from key attributes of private equity (lower volatility, influence, control) and public equities (access to liquidity, greater influence without control, greater mispricing of value, and higher levels of governance).

Summary of information on the Fund and on the proposed Pickstar investment is on the attached flyer.

Should you know of any investors that would be interested, please contact your Adviser.

Angelina Rigoli,

General Manager – Wealth

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