DGAP-News: Altira Group: Clearsight fundraising a success - Proceeds of EUR 95 million exceed expectations

Altira AG / Miscellaneous

17.02.2010 08:41 

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++ Clearsight fundraising a success 
++ Proceeds of EUR 95 million exceed expectations 
++ New international institutional investors and family offices gained as  
   investors

Altira AG ('Altira Group') has achieved fundraising success in its 'German
'Mittelstand' & Restructuring' business area. Clearsight Investments AG
('Clearsight'), Zurich, which was established in mid-2008 and is 40% owned
by the Altira Group, raised EUR 95 million for its first fund-of-funds,
CLEARSIGHT Turnaround Fund I, L.P., thereby significantly exceeding its
target volume of EUR 80 million. Well-known international institutional
investors and family offices were gained as new investors.

Clearsight specialises in providing fund-of-funds solutions in the private
equity sector, offering investors access to the highly restricted and
strongly fragmented corporate restructuring market.

Michael Rieder, CEO of the Altira Group: 'Private equity for corporate
restructuring is attracting greater interest from investors, primarily due
to the current recessionary market environment, but also because of its
attractive risk-return profile. The marketing success achieved by
CLEARSIGHT Turnaround Fund I, L.P., is also a confirmation of the Altira
Group's business model. Independent investment teams with their own brands
are supported by the Altira Group's institutional infrastructure in areas
such as controlling/risk management, legal, marketing/distribution, product
management, human resources and IT.'

++ About Altira Group

The Altira Group is an owner-managed, listed asset management company that
focuses on alternative investment strategies for institutional and private
investors.

The Altira Group focuses on both established and newly developing growth
markets. The specialised knowledge and many years of experience of the
Altira Group's investment teams allows them to apply an active investment
approach ('high alpha strategies') to achieve sustainable above-average
returns in these markets.

Contact:
Altira Aktiengesellschaft
Olaf Meier
Head of Investor Relations
Phone: +49 69 719 12 80 123
E-mail: olaf.meier@altira-group.de




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Language:     English
Company:      Altira AG
              Grüneburgweg 18
              60322 Frankfurt / Main
              Deutschland
Phone:        +49 (0)69 719 12 80 - 00
Fax:          +49 (0)69 719 12 80 - 011
E-mail:       info@altira-group.de
Internet:     www.altira-group.de
ISIN:         DE0001218063
WKN:          121806
Listed:       Freiverkehr in Berlin, Düsseldorf, Stuttgart; Entry Standard
              in Frankfurt
 
End of News                                     DGAP News-Service
 
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