Astorg
Private equityParis · Growth–Late Stage · 25 people tracked
Investment thesis
Astorg positions itself as a private equity investor that emphasizes listening, dialogue and alignment between management and shareholders as the foundation for value creation. Operating from offices across Europe and the US, the firm builds long-term relationships and specializes in software, healthcare, business services and technology-based industrial companies wherever they are located. It runs generation buyout funds (currently its 8th), citing a 27% annualized return and roughly €23-24bn in assets under management. Astorg describes a culture rooted in entrepreneurship, fairness, humility and substance, working with trusted entrepreneurs and management teams to help them reach their growth goals.
Source: firm website, verified Aug 7, 2026.
Team · 25 people
from the firm's website
What they invest in
from 1 of 36 portfolio companiesEnterprise Software ×1LegalTech ×1SaaS ×1
HQs:United States×1
Investments · 36 tracked
founders shown can be your intro pathAnaqua develops IP management software and services for organizations to manage the full lifecycle of patents, trademarks, designs, and contracts.
Enterprise SoftwareLegalTechSaaSBoston, US
Justin Crotty(CEO)Erik Bailey(Chief Information Officer)Robert Goodman(Director)Peter Sobiloff(Secretary)Euan Menzies(Treasurer)Mark Lessing(Vice President and Assistant Treasurer)
Commercial insurance brokerage platform focused predominantly on German SME customers.
Pioneer of adaptive clinical trials technology and a leader in biostatistical science.
Diagnostic company providing non-invasive medical devices for chronic liver disease diagnosis and monitoring.
European specialty pharmaceutical company focused on pain, addiction and critical care treatments.
Industry leader in mud logging, drilling support and formation evaluation.
Innovative OTC pharma company with leading positions in Europe and the US.
UK-based provider of infection prevention devices for patients on long-term vascular access treatment.
World-leading manufacturer of calcium aluminate cements, now part of Imerys Aluminates.
Global leader in advanced materials offering specialty copper alloys used as critical components across various systems and end-markets.
Global provider of consumables and equipment for in-vitro fertilization procedures serving hospitals, clinics and IVF labs across 115+ countries.
Developer and manufacturer of photo sensor technologies for a global network.
Global data management and integration platform focused on CPG and Consumer Healthcare end markets.
Provider of biotech ingredients for the cosmetics, nutraceutical, pharmaceutical and microbiologic diagnostics markets.
Provider of customer relationship solutions.
Fund performance · per public LP disclosures · 6
as of Dec 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Astorg Normec Fund -Project NewtonLPs: Ventura County Employees' Retirement Association | 2024 | — | 35.3% | 1.36x | 0.00x |
| Astorg VIIILPs: Ventura County Employees' Retirement Association | 2022 | — | — | 1.17x | 0.01x |
| Astorg VIILPs: Los Angeles City Employees' Retirement System, Ventura County Employees' Retirement Association, Maryland State Retirement and Pension System +1 more | 2019 | — | 11.2% | 1.51x | 0.48x |
| AstorgVIILPs: Ventura County Employees' Retirement Association | 2019 | — | 10.7% | 1.51x | 0.48x |
| Astorg VILPs: Los Angeles City Employees' Retirement System, Maryland State Retirement and Pension System | 2015 | — | 12.7% | 1.72x | 1.30x |
| Astorg II, L.P.LPs: Washington State Investment Board | 1999 | — | 23.8% | 3.10x | 3.06x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- What stage does Astorg invest at?
- Astorg invests at the Growth, Late Stage stages.
- What sectors does Astorg focus on?
- Astorg focuses on AI & Machine Learning, Cloud Computing, Healthtech.
- Where is Astorg located?
- Astorg is headquartered in Paris, FR.
- Does Astorg lead rounds?
- Yes, Astorg leads investment rounds.
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