Azalea Secures $356m for Altrium Co-Invest and Growth Funds

Azalea Investment Management (Azalea) has successfully closed initial rounds, amassing $356 million in capital commitments for the Altrium Co-Invest Fund I (ACF I) and Altrium Growth Fund I (AGF I). The funds attracted investments from institutions, family offices, and high-net-worth individuals.

ACF I, with a total raise of $200 million, allows investors to co-invest alongside esteemed private equity fund managers known for their robust operational and M&A capabilities. Meanwhile, AGF I, boasting $156 million in commitments, focuses on strategic investments in top-tier growth and venture capital funds, emphasizing a global mandate with a strong US-centric focus.

In light of evolving market valuations and emerging trends like Artificial Intelligence, Azalea sees a strategic opportunity to invest in the growth and venture capital markets. The final closings for both funds are anticipated in 2024, marking a significant milestone for Azalea's continued growth and commitment to innovative investment strategies.