Monday 31 July 2023

Astorg VIII

Oh, what a great series of films!

I can't wait until this latest one is released.

'Boss ...'

Paris/Luxembourg, 27 July 2023 - Astorg is pleased to announce a further closing of its flagship fund, Astorg VIII, bringing total fund commitments to €4 billion. This represents circa.90% of Astorg VIII’s target size and hard cap of €4.5 billion, a nearly 10% increase on its predecessor fund. Astorg will be accepting commitments in respect of Astorg VIII until January 31, 2024. This further closing brings together new investors across geographies, existing investors in prior Astorg funds which had yet to commit to Astorg VIII, and investors which had committed early to Astorg VIII and which have decided to increase their exposure.

Well, that's not a film, is it?! What the hell is going on?! Christ!

Maybe Jean will make some sense ...

"This interim closing further illustrates the appeal of Astorg's investment strategy to major international investors, despite challenging fundraising market conditions, and brings additional diversification of Astorg's investor base across categories and geographies. We also see the early success of Astorg's enhanced focus on family offices and high net worth individuals worldwide," comments Jean Raby, Head of Business Development, Astorg.

Well, okay.

'It's just finance, boss.'

Yeah.

I'm disappointed.

There is some good news though.

'What?'

We've got two voices talking together, Voice ... like those two girls in The Shining.

'Yippee!'

Normally, I wouldn't approve, but ... it's the closest we'll get to the movies.

Judith Charpentier and Lorenzo Zamboni, Co-Heads of Astorg's flagship fund, comment: "This further interim closing highlights the recognition by investors of the relevance of our investment strategy in what is seen as a more adverse macro-economic environment. It also speaks to the outstanding resilience of our performance through cycles. Our four investments are performing at or above plan and we see meaningful potential upside from the value creation plans we are implementing with the relevant management teams. We continue to see significant opportunities across our target segments, and are fully committed to delivering outstanding returns for our growing LP base."

Shivers down my spine, basically.

'Ha!'

Well, horror on a Monday morning ... Why not?

ENDS

...

Anything else, kooks?

I finished my big poem at the weekend.

'Nice one, Mikey!'

Thanks, Voice.

I wrote the last fifteen lines in about twenty minutes with hardly any polishing, and they might be the best lines of the whole poem. They just came out of me, you know?

Also, I finished my new song on Friday. Endless Fun. I've recorded it, BUT(!) ... I might record it again.

You dig?

Never mind.

Here's my BIG DOZEN -

Endless Fun
Mighty Soul
Shady, Dodgy, Shifty
The Future
Life and Death
Nothing
This World Don't Mean a Thing
Lovers On The Make
Stella
Malibu
What's This Life We Live?
And Rain Came Down

Laters!