Assurances du Crédit Mutuel (ACM)
Insurance group of Crédit Mutuel Alliance Fédérale
Also known as ACM, Groupe des Assurances du Crédit Mutuel, GACM
Insurance group of Crédit Mutuel Alliance Fédérale; €146bn of assets (2025); invests in unlisted PE and infrastructure funds; shareholder of Ardian (stake rising to 23%).
- HEADQUARTERS
- Strasbourg, France
- FOUNDED
- —
- AUM
- €146B (2025)
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 1 people
Focus
- STAGES
- —
- SECTORS
- —
- ASSET MIX
- Private equityReal estatePublic equitiesImpact
- GEOGRAPHY
- —
Investment arms & vehicles
- ACM CapitalInvestment company majority-owned by the GACM insurance companies in France
Overview
The Groupe des Assurances du Crédit Mutuel (GACM) is the life and non-life insurance group of Crédit Mutuel Alliance Fédérale, headquartered in Strasbourg. It managed €146bn of assets at market value at end 2025, of which a general account of more than €123bn invested about 84% in direct assets and 16% in funds, including unlisted equity, debt and infrastructure funds. It continued its private equity and infrastructure fund programme in 2025 and had invested €565M in the Fonds de Révolution Environnementale et Solidaire by end 2025. It is an existing shareholder of Ardian and agreed in July 2026 to raise its stake to 23%.
PORTFOLIO (4)
- Fonds de Révolution Environnementale et Solidaire — €565M invested at end 2025Climate & Energy · since 2023
- Desjardins Groupe d’Assurances Générales (10%)
- Astrée (30%)
People
- Nicolas GovillotChairman of the Management Board (Président du Directoire) · source
Links
Frequently asked questions
Assurances du Crédit Mutuel (ACM) is a institutional investor based in Strasbourg, France.
Yes. Assurances du Crédit Mutuel (ACM) invests its own capital in private companies. It also commits capital to third-party funds as an LP.
Key people at Assurances du Crédit Mutuel (ACM) include Nicolas Govillot (Chairman of the Management Board (Président du Directoire)).
Assurances du Crédit Mutuel (ACM)'s investments include Ardian (minority shareholding, rising to 23%), Fonds de Révolution Environnementale et Solidaire — €565M invested at end 2025, Desjardins Groupe d’Assurances Générales (10%) and Astrée (30%).
The most recent publicly reported investment by Assurances du Crédit Mutuel (ACM) is Ardian (Share purchase agreement signed to increase minority shareholding to 23% (completion expected late 2026 / early 2027)), announced in Jul 2026.
No. Assurances du Crédit Mutuel (ACM) invests its own capital and does not raise money from outside investors.