Evergreen:
the long-term horizon
Rediscovering the meaning of VC: funding impact with patient and efficient capital
Private equity as it has evolved has shown its limitations:
- The need to return capital over a given timeframe means choosing companies with short-term potential VS disruptive innovations.
- Varying exit horizons sometimes lead to a lack of alignment among stakeholders, with deleterious effects on the development of investee companies.
- Added pressure is put on founders to sell earlier or find new funding, which often has a negative impact on the company.
- - Finally, many funds adopt a mimetic approach, choosing to minimize their risk by replicating past successes. As a result, investment in sectors and technologies that are essential to the zero-carbon transition is lacking.
Our ambition: take the best of yesterday's models and adapt them to today's needs
GreenTech is unlike any other tech sector. Sustainable change means systemic change.
Disruptive innovations in fields such as low-carbon energy require sustained R&D efforts, with generally longer proof-of-concept phases.
They call for a rethink of the concepts governing the investment business, the invention of new instruments and the creation of new coalitions.
As opposed to growth at any price without concern for capital efficiency, another funding method is needed, over the long term and without any forced exits.
Asterion's Evergreen vision
A high-performance investment for all stakeholders
Patient capital means efficient capital
We act as a long-term lead investor, maintaining our pro-rata share in Series A and B investments throughout their growth and scaleups.
A comprehensive approach to what makes a startup successful
A flexible model for angels
Thanks to its innovative SPV model, Asterion allows investors both to choose which start-ups to invest in and to offer them greater liquidity.