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Institutional LPAllocates capital directlyLAST VERIFIED Oct 2026 · 5 SOURCES

Aéma Groupe

Also known as SGAM Aéma Groupe, Aema Groupe

French mutual insurance group (Macif, AÉSIO mutuelle, Abeille Assurances, Ofi Invest) with €138bn of insurance investments (end-2025); Tibi partner, invests in impact and biodiversity funds.

HEADQUARTERS
Issy-les-Moulineaux, France
FOUNDED
—
AUM
€138B (2025)
OUTSIDE CAPITAL
No — own capital only
TEAM LISTED
3 people

FOCUS

STAGES
—
SECTORS
—
ASSET MIX
Private equityImpact
GEOGRAPHY
FranceEurope

WHAT IT IS

Institutional LP. Pension funds, endowments, foundations and sovereign funds that commit capital to funds and, sometimes, directly.

  • Abeille Assurances
    Insurance brand acquired in 2021
  • Macif
    Mutual insurance brand and founding member of the group
  • AÉSIO mutuelle
    Health mutual brand of the group
  • Ofi Invest
    Group asset management division (51% Macif SAM, 43% Abeille Assurances Holding, 6% AÉSIO mutuelle); includes SWEN Capital Partners (private equity, mezzanine and infrastructure debt) and Zencap AM
  • Macif Impact ESS
    Macif's impact investing subsidiary (created 2020, €20M for social and solidarity economy structures and impact enterprises); also listed as an arm of the macif record

ABOUT

Aéma Groupe is a French mutual insurance group formed from the combination of Macif and AÉSIO mutuelle, which acquired Abeille Assurances in 2021 and created the asset manager Ofi Invest in 2022. Its insurance companies' financial investments, including unit-linked assets, totalled €138.0bn at the end of 2025. The insurance brands commit to private equity funds, including SWEN Capital Partners' Blue Ocean ocean-conservation funds and the Objectif Biodiversité funds, and the group is a partner of the Tibi initiative. Macif also invests directly through its impact subsidiary Macif Impact ESS.

PORTFOLIO (7)

  • Blue Ocean 2 (SWEN Capital Partners) — €36M committed by the group's insurance brands
    Climate & Energy
  • Blue Ocean 1 (SWEN Capital Partners) — €42M committed in 2024
    Climate & Energy · since 2024
  • Macif Terre et Vivant fund — €50M committed by Macif
    Food & Agriculture · since 2024
  • Objectif Biodiversité funds (listed and unlisted) — €23M invested by AÉSIO mutuelle, Macif and Abeille Assurances
    Climate & Energy
  • NovESS (Caisse des Dépôts) — €3M committed by AÉSIO mutuelle
    since 2018
  • InvESS Île-de-France Amorçage (INCO) — €5M from Abeille Assurances
    since 2024
  • Drive Innov (via Macif Impact ESS)
    Mobility & Logistics · since 2025

TEAM

  • Adrien Couret
    Chief Executive Officer · source
  • Jean-Philippe Dogneton
    Deputy Chief Executive Officer · source
  • Olivier Brenza
    Deputy Chief Executive Officer · source

LINKS

FAQ

Aéma Groupe is a institutional investor based in Issy-les-Moulineaux, France.

Yes. Aéma Groupe invests directly in private companies. It also commits capital to third-party funds as an LP.

Key people at Aéma Groupe include Adrien Couret (Chief Executive Officer), Jean-Philippe Dogneton (Deputy Chief Executive Officer) and Olivier Brenza (Deputy Chief Executive Officer).

Aéma Groupe's investments include Blue Ocean 2 (SWEN Capital Partners) — €36M committed by the group's insurance brands, Blue Ocean 1 (SWEN Capital Partners) — €42M committed in 2024, Macif Terre et Vivant fund — €50M committed by Macif, Objectif Biodiversité funds (listed and unlisted) — €23M invested by AÉSIO mutuelle, Macif and Abeille Assurances, NovESS (Caisse des Dépôts) — €3M committed by AÉSIO mutuelle, InvESS Île-de-France Amorçage (INCO) — €5M from Abeille Assurances and Drive Innov (via Macif Impact ESS).

No. Aéma Groupe invests its own capital and does not raise money from outside investors.