Altor selects Aztec Group to service Altor Fund V 29 March 2019London Reporter: Maddie Saghir
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Altor has selected Aztec Group to provide administration and depositary services to Altor Fund V.
Aztec Group, who has provided outsourcing support to Altor since they launched their first fund in 2003, will deliver a range of administration, accounting and investor services to Fund V.
The group will also act as the fund’s depositary.
Fund V is a fund domiciled in Sweden and whose manager is regulated as an Alternative Investment Fund Managers by the Swedish Financial Services Authority.
Meanwhile, Fund V will have a 15-year investment term. Investments will generally be made in private companies with revenues typically in the range of €50 million to €500 million.
Simon King, director and private equity specialist for the Aztec Group, said: “Congratulations to Altor for another extremely successful fundraiser, which underlines the enormous confidence their investor base and the market continues to have in their investment strategy.”
“We’re delighted to have the opportunity to build on our long-standing partnership with Altor, and look forward to supporting them with this exciting new fund.”
Jonatan Lund Kirkhoff, CEO of Altor Fund Manager, cited: “Aztec Group remains an important partner to our operations, having supported us with our operational and administrative requirements since our very first fund. We look forward to continuing this close partnership.”
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