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Institutional LPAllocates capital directlyLAST VERIFIED Oct 2026 · 6 SOURCES

AG2R La Mondiale

Also known as AG2R LA MONDIALE, La Mondiale, SGAM AG2R La Mondiale

French social-protection and insurance group; €89.8bn under its investment department (end-2025). La Mondiale held 193 PE and infrastructure funds (end-2025); Tibi partner.

HEADQUARTERS
France
FOUNDED
—
AUM
€89.8B (2025)
OUTSIDE CAPITAL
No — own capital only
TEAM LISTED
2 people

FOCUS

STAGES
SeedGrowthBuyout
SECTORS
—
ASSET MIX
Private equityVenture capitalPrivate credit
GEOGRAPHY
France

WHAT IT IS

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

  • ALM Innovation
    Group corporate venture capital vehicle (“AG2R LA MONDIALE Innovation”), created in 2019, run independently from the private equity fund programme; invests mainly in France and Europe from seed to Series B in e-health, fintech, insurtech, regtech, operational efficiency and healthy ageing; 18 investments since creation (2025 figure)
  • AG2R LA MONDIALE Gestion d’actifs
    Group asset management company (29% La Mondiale, 71% AG2R Prévoyance); managed €30bn at end-2025

ABOUT

AG2R La Mondiale is a French social-protection and wealth insurance group; assets under its investment department totalled €89.8bn at the end of 2025. At end-2025 La Mondiale held 193 private equity and infrastructure equity funds (€994M committed, €609M net asset value). In July 2024 the group reported about €500M in unlisted equity after more than 20 years in private equity, with its board approving an envelope of about €100M a year for fund commitments plus a €300M envelope for the ecological transition. Its PE programme is about 20% venture to growth/tech LBO, 60% small and mid-cap development and buyout, 10% mezzanine and 10% secondaries, mostly generalist and regional French funds, with co-investments alongside partner funds. It committed €110M to Tibi phase 1 and €70M to phase 2 and runs a separate corporate venture vehicle, ALM Innovation.

PORTFOLIO (5)

  • InfraVia Growth (first-time fund)
  • Ardian funds — long-standing LP
  • LAC 1 (Bpifrance) — subscriber at first closing
    since 2020
  • Tibi phase 1 — €110M committed
  • Tibi phase 2 — €70M committed

TEAM

  • Jean-Louis Charles
    Group Director of Investments and Financing (as of July 2024) · source
  • Cyrille Roustang
    Head of private equity (as of July 2024) · source

LINKS

FAQ

AG2R La Mondiale is a institutional investor based in France.

Yes. AG2R La Mondiale invests directly in private companies. It also commits capital to third-party funds as an LP.

AG2R La Mondiale invests at Seed, Growth and Buyout stages.

Key people at AG2R La Mondiale include Jean-Louis Charles (Group Director of Investments and Financing (as of July 2024)) and Cyrille Roustang (Head of private equity (as of July 2024)).

AG2R La Mondiale's investments include InfraVia Growth (first-time fund), Ardian funds — long-standing LP, LAC 1 (Bpifrance) — subscriber at first closing, Tibi phase 1 — €110M committed and Tibi phase 2 — €70M committed.

No. AG2R La Mondiale invests its own capital and does not raise money from outside investors.