Monument Group Acts as Exclusive Placement Agent on Altor ACT I
Altor, a leading Nordic-based private equity firm, closed Altor ACT I at its hard cap of €1.1 billion in September 2024. An SFDR Article 9 compliant investment fund, ACT I will focus exclusively on investments leveraging Altor’s expertise of investing in mid‐market companies with specific green transition themes or which otherwise benefit from green transition tailwinds in the Nordic and DACH region.
Monument Group has now acted as placement agent to Altor in respect of seven successful funds, assisting with the raise of over €12 billion over 22 years. “Congratulations to Altor on another successful fundraise,” said Laurence Zage, Partner at Monument Group. “Sustainability has been a long-standing Altor priority that has become an integrated value creation lever over the past decade. Altor is uniquely positioned to make investments in industrial scale-ups and growth-enabling buyouts to drive the green transition forward.”
The oversubscribed fund received support from both existing investors in Altor Fund VI, which closed on €3bn in December 2023, as well as attracting new investors committed to sustainable investing. The ACT I investor base includes leading pension funds, insurance companies, asset managers, sovereign wealth funds and foundations from US, Europe and Asia.
“With ACT we can extend our track record in what we believe is one of the greatest investment opportunities of our lifetimes by focusing exclusively on green transition opportunities that have the potential to meaningfully abate greenhouse gas emissions while generating very strong absolute returns in line with Altor’s long-term return objectives” said Jonatan Lund Kirkhoff, Head of IR and Partner at Altor.
ACT I seeks to generate highly attractive returns by investing in proven technologies mainly within the industrial and business services sectors that Altor has been investing in over the past 20 years, enabling the rollout of sustainable solutions at scale. With a robust pipeline of investment opportunities, Altor has already successfully signed four deals with attractive attributes for ACT I.
About Monument Group
Monument Group is a global independent full-service capital advisory and fundraising partner in alternative investments managed by a senior team with a significant buy-side investment heritage. Since 1994, Monument Group has assisted its clients in raising $148 billion across 241 funds and transactions. Across offices in Boston, London, Amsterdam, Hong Kong and Tokyo, the firm advises and assists on capital formation and liquidity solutions, including primary fundraising, secondaries, capital solutions and advisory services for both general and limited partners globally. For more information on Monument Group’s capabilities, visit www.monumentgroup.com.
Monument Group, Inc., is an SEC registered broker-dealer and a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC); Monument Group Europe LLP is authorized and regulated by the U.K. Financial Conduct Authority; Monument Group Netherlands B.V. is licensed by the Netherlands Authority for the Financial Markets. Monument Group, L.P. is licensed as a Type II Financial Instruments Dealer by the Japan Financial Services Agency (FSA) and Monument Group (HK) Limited is licensed to conduct Type 1 regulated activities in Hong Kong by the Securities and Futures Commission.
