News - 22 May 2025
Thinking about winding down or repositioning your CVC activity? You’re not the only one.
In today’s fast-moving business environment, many corporates are reevaluating their venture capital activities. Whether due to evolving strategic priorities, leadership changes, or market conditions, an increasing number of CVC units are facing a key question: What’s the best path forward for our venture portfolio?
1 min de lecture
For those considering an exit, partial divestment, or a shift in management approach, Aster offers a pragmatic, flexible, and experienced solution.
A thoughtful transition, not just a transaction
Exiting or restructuring a CVC portfolio isn’t just about selling assets. It’s about ensuring a responsible handover—preserving the value built, protecting relationships with portfolio companies, and aligning with internal governance and strategic goals.
That’s exactly where Aster comes in. As a specialist in secondary venture investing, we provide tailor-made solutions for corporates looking to reorient their VC engagement without jeopardizing the startups they’ve backed or the reputation they’ve built.
Flexible models for every situation
At Aster, we know that no two CVCs are alike—and that exits or transitions often require more than just capital. That’s why we handle a range of collaborative approaches:
A trusted partner
After a thorough selection process, Aster was chosen to take over most of the assets from TotalEnergies CVC arm, TotalEnergies Ventures. The portfolio, made up of minority stakes in around 20 companies across Europe and North America, spans key technologies contributing to carbon neutrality.
What made this transaction stand out wasn’t just the scale—it was the alignment. We understood TotalEnergies’ ambitions and constraints, and we structured a deal that ensured continuity for the startups, strategic clarity for the corporate, and room for long-term value creation.
You can read more about the deal here.
With deep expertise in industrial innovation and climate tech, hands-on experience supporting startups through critical growth phases, and a discreet and professional approach to transitions, Aster doesn’t aim to simply offer liquidity—we offer a long-term partnership built on trust, strategic continuity, and tailored solutions for every corporate context.