Private Equity

Bpifrance is the French Sovereign Fund. We invest in start ups, SMEs and Mid-caps through direct investment and a fund of fund activity.

In 2018, this activity represented 2 billion euros, our portfolio of new investments is made of 1000 direct investments and 400 partnering funds. Our fund of fund activity is the European leader.

Direct investment

Fund of funds

The overall objective of Bpifrance is to contribute to the creation and growth of French companies, and to generate strong and sustainable returns.

Bpifrance invests into closed-ended private equity funds managed by independent teams, alongside third-party public and private investors.  Bpifrance invests mainly into French funds.

Bpifrance’s funds selection is based, inter alia, on the demonstrated track record of the team, the differentiation and positioning of the fund’s strategy, the ability to provide strong operational support to portfolio companies, and the capacity of the team to raise a fund having a substantial size with public and private third-party investors (e.g. banks, insurance companies, pension funds, endowments, private funds of funds, family offices, corporates, individuals).  

Key figures :

- Approximately €9 billion under management

- Approximately 400 partner funds, half of which are still actively investing

- Approximately 150 GP relationships

- Approximately 6,000 underlying companies