Database/Atlas Growth Partners II
VCF005 · Vintage 2019Harvesting

Atlas Growth Partners II

Atlas Capital

Late-stage growth investments in profitable, category-leading consumer internet and marketplace businesses.

Growth EquitySeries C+ — Consumer InternetUSEuropeArticle 8
Performance · since vintage

Net TVPI multiple

2.04x
+5.2pp vs benchmark
QuarterNet IRRNet TVPINet DPI
2021 Q116.5%1.46x0.20x
2021 Q217.1%1.71x0.25x
2021 Q39.7%1.82x0.30x
2021 Q411.6%1.90x0.35x
2022 Q111.7%1.95x0.40x
2022 Q223.6%1.91x0.45x
2022 Q324.3%1.93x0.50x
2022 Q421.3%2.07x0.55x

Terms

Target fund size£800m
Current AUM£820m
Min ticket£15m
Max ticket£100m
Target net IRR18–22%
Lock-up8 years
Management fee1.75%
Carry / performance20%
BenchmarkCambridge Associates Growth Equity
ESG / SFDRArticle 8
Liquidity

Closed-ended; harvest period through 2027.

Investment highlights

  • DPI of 0.78x — top decile for vintage
  • 4 exits >$1bn enterprise value

Top 5 holdings

Largest positions · % of fund · simulated
  • Praxis Logistics11.3%
  • Hearth Commerce10.4%
  • Aperture Labs8.8%
  • Northwind Robotics5.9%
  • Tessera Genomics5.2%