Use of proceeds
Capital allocation overview
Allocator One will deploy investor capital across five strategic vehicles, each serving a distinct purpose within the blended portfolio strategy. The allocation is designed to balance risk, return potential, and operational needs while maintaining flexibility in deployment timing.
Allocation by vehicle
| Vehicle | Allocation | Deployment Timeline | Use of Capital |
|---|---|---|---|
| Leaders Fund I | 48.2% | Months 1–36 | Manager commitments (15–20 GPs at €10–20M each) |
| Fast Track Fund I | 12.0% | Months 1–6 | Existing stake acquisitions (2–3 vintages) |
| Opportunity Fund I | 24.2% | Months 1–24 | Direct equity tickets (€250K–€2M per company) |
| Infra One Equity | 9.0% | Immediate | Platform scaling, technology, team |
| Allocator One Equity | 6.6% | Immediate | Operating capital, contingency |
Leaders Fund I (48.2%)
Capital will be deployed through manager commitments to 15–20 emerging venture capital GPs, with commitment sizes ranging from €10–20M per manager. Deployment occurs over a 36-month investment period as qualified managers are identified and diligenced.
Fast Track Fund I (12.0%)
Funds are allocated to acquire existing LP stakes in secondary transactions, targeting 2–3 vintages of established funds. This provides immediate portfolio exposure and accelerates the path to distributions. Deployment concentrated in first 6 months.
Opportunity Fund I (24.2%)
Direct equity investments into venture-backed companies at growth stages, with ticket sizes of €250K–€2M per company. Deployment occurs over 24 months as deal flow is sourced and evaluated through the platform's network.
Infra One Equity (9.0%)
Immediate deployment to scale platform operations, including technology infrastructure, data systems, team expansion, and operational capabilities required to support the investment vehicles.
Allocator One Equity (6.6%)
Operating capital for ongoing management company expenses, contingency reserves, and working capital to ensure platform stability and flexibility throughout the investment period.
Deployment timeline
Capital will be called from investors on a staggered basis over the 3-year investment period, aligned with actual deployment needs:
- Immediate (Months 0–1): Infra One and Allocator One Equity initial funding
- Months 1–6: Fast Track secondary acquisitions begin
- Months 1–24: Opportunity Fund direct investments
- Months 1–36: Leaders Fund manager commitments
Capital management policy
No Forced Deployment: Capital will only be called and deployed when sufficient high-quality investment opportunities are available. If the pipeline is insufficient to meet quality thresholds, deployment will be delayed rather than compromised.
Prudent Cash Management: Called capital awaiting deployment will be held in interest-bearing accounts or short-term treasury instruments to preserve value while maintaining liquidity.