Asset ManagerRIA · CRD 284635SEC-RegisteredPrivate Fund Adviser

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Astorg Asset Management

ASTORG ASSET MANAGEMENT SARL is a Luxembourg-based investment adviser registered with the SEC since 2017.

Astorg Asset Management

ASTORG ASSET MANAGEMENT SARL is a Luxembourg-based investment adviser registered with the SEC since 2017.

General information

Firm type

Asset Manager

Year founded

1987

AUM

Undisclosed (Altss estimate)

Location

Region

Europe

Country

Luxembourg

City

Luxembourg

Corporate office

Luxembourg, Luxembourg

Additional offices

London, UK · New York, US · Paris, France · Milan, Italy

Principals

Alain Dietsch

Managing Partner

Matthieu Borel

Managing Partner

Sector focus

HealthcareTechnologyBusiness ServicesPrivate Equity

Frequently asked questions

Who makes investment decisions at Astorg?

Investment decisions are overseen by the Managing Partners, Alain Dietsch and Matthieu Borel, along with a partnership of senior investment professionals. The firm operates with a sector-specialist team structure where industry-focused partners lead deal sourcing and execution.

What is Astorg's typical investment size and stage?

Astorg targets mid-market buyout and growth investments in companies with enterprise values between €500 million and €3 billion. It focuses on control and co-control deals, often acquiring majority stakes with management teams.

Which sectors does Astorg explicitly avoid?

Astorg does not invest in early-stage venture, real estate, or natural resources. It has a stated focus on healthcare, technology, business services, and thematic areas like climate tech.

Does Astorg participate in fund commitments or only direct deals?

Astorg is a direct private equity investor in companies, not a fund-of-funds. However, it may co-invest alongside other firms in larger transactions, as seen in its joint acquisition of the pharmaceutical company Santen in 2023.

How does Astorg source proprietary deal flow?

Astorg sources deals through its sector-specialist teams, long-standing relationships with family-owned businesses and management teams, and a network of industry advisors. The firm's 190 professionals generate a significant portion of opportunities through direct origination rather than auctions.

Is Astorg structured as a family office or a private equity firm?

Astorg is a private equity firm organized as a partnership, not a family office. It manages institutional capital from pension funds, endowments, and sovereign wealth funds, with no single family anchor.

Where does Astorg invest geographically?

Astorg primarily invests in Western Europe and North America, with selective opportunities in Asia and the Middle East. The firm's five offices in Luxembourg, London, New York, Paris, and Milan support this geographic reach.

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