Small Cap Funds Investments

Bpifrance invests in funds that provide equity and quasi-equity to small and medium-sized companies.

Investment theme

Bpifrance supports various investment strategies to provide a range of solutions meeting the diverse financing needs of French companies. These strategies include:

  • Expansion capital and buyout funds: supporting companies’ growth and expansion
  • Turnaround/special situations funds: helping companies in temporary difficulty
  • Mezzanine/flex equity funds: providing intermediate financing between equity and debt
  • Impact funds: investing in projects with a strong social or environmental focus, by following impact investment principles

Each strategy is tailored to the expertise and the track records of investment teams. Target funds may take a generalist or sector-specific angle.

200+

funds in portfolio

65+

GP relationships

≈ €590 M

committed in 2024

€5.4 Bn

commitments (active portfolio)

as of June 2025

Our team

BERTELOOT Rémi

Rémi Berteloot

Managing Director of Small Cap Funds Investments

Cedric CABARRUS

Cédric Cabarrus

Senior Investment Director

Geraldine Fiani

Géraldine Fiani

Senior Investment Director

Nils LAURENT

Nils Laurent

Investment Director

Justine Palluat De Besset

Justine Palluat de Besset

Investment Director

Lucas Bailliart

Lucas Bailliart

Senior Associate

Esther Cahen

Esther Cahen

Analyst

Pierre Bardy

Pierre Bardy

Analyst

Martin Piechaczyk

Martin Piechaczyk

Analyst

Alicia Boisseau

Alicia Boisseau

Analyst