Paris, France, 18 November 2025 – Following the recent article published by Le Monde containing inaccurate information about Otium’s financial position and investment strategy, Otium wishes to set the record straight and reiterate the robustness of its model.
Otium is a fixed-capital investment company whose evergreen model allows it to manage its portfolio over the long term, without any fund-closure constraints. This structure gives Otium the flexibility to invest and divest with a single objective in mind: maximising long-term value creation, with a target IRR of 25%.
Thanks to this model, Otium conducts selective rotation of its holdings based on asset maturity and long-term return objectives. Each divestment occurs at the most favourable time to maximise value creation, regardless of market conditions. The transactions recently mentioned in the press are fully aligned with Otium’s active and selective portfolio management approach. They were initiated or completed at the most opportune moment, in line with our strategy.
This disciplined approach to portfolio rebalancing has enabled Otium to maintain strong performance and continue deploying capital, in a more demanding market environment for the private equity sector as a whole.
While the timing of certain transactions may occasionally be extended, such adjustments are purely cyclical and in no way undermine Otium’s financial strength or the resilience of its model.
Claims made by Le Monde regarding alleged debt-related pressures and financing difficulties are false. Otium is supported by a large number of French and international banking partners with whom it maintains long-standing, trusted relationships.
Prudent use of debt is standard practice in the industry and is an effective lever for value creation to support the group’s operations.
Contrary to what has been suggested by certain media outlets, Otium’s asset valuations rely on recognised, objective, and independent methodologies, fully aligned with international standards set by the IPEV (International Private Equity and Venture Capital Valuation Guidelines). These guidelines ensure fair and consistent valuation of unlisted investments, according to principles shared across the industry.
At Otium, asset valuations undergo semi-annual cross-reviews conducted by both our statutory auditor and a leading independent audit firm. They are also systematically verified by third-party valuation experts appointed by our banking partners.
Over the past five years, all divestments carried out by Otium have been completed at values above their last recorded book valuation, demonstrating the rigour of our valuation methods.
Otium’s ambition remains unchanged: to reach €5 billion in assets by 2030, through disciplined growth and sustainable performance.
The temporary moderation in investment pace observed in 2025 reflects responsible capital management aligned with our performance objectives, without calling into question the fundamentals of the group.
In the first half of 2025, Otium:
deployed more than €73 million,
increased the value of its assets to €1.7 billion,
led a €40 million fundraising for VSORA,
and launched 5 new projects within Otium Studio, which is currently supporting 12 entrepreneurs-in-residence.
The personal views and public positions of Otium’s executives fall strictly within their individual freedom of expression and do not represent Otium or its teams in any way. Employees are recruited exclusively for their professional skills and their contribution to the development of the group and its portfolio companies, and remain entirely free in their personal opinions and positions.
Otium is a long-term investment holding company founded in 2009. With €1.7 billion in assets as of 30 June 2025, spread across more than 130 portfolio companies, Otium is active at every stage of development—from seed to growth capital, and up to LBO transactions involving mature companies—taking majority or minority stakes without any constraints on holding period. Otium pursues a diversification strategy by launching and financing projects across the technology, industrial, leisure, healthcare, hospitality, and real estate sectors. Otium invested €255 million in 2024.
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