AXA
Also known as AXA SA, AXA Group, Groupe AXA
Paris-based insurance group; €543.5bn of investments at end 2025 (incl. €97.2bn unit-linked). LP in Ardian funds and AVP Growth Fund I; Tibi partner; Objectif Biodiversité backer.
- HEADQUARTERS
- Paris, France
- FOUNDED
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- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 3 people
FOCUS
- STAGES
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- SECTORS
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- ASSET MIX
- Private equityFunds (as LP)
- GEOGRAPHY
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WHAT IT IS
Institutional LP. Pension funds, endowments, foundations and sovereign funds that commit capital to funds and, sometimes, directly.
ABOUT
AXA SA is the Paris-based parent of the AXA insurance group. Its consolidated investments were €543.5bn at 31 December 2025, of which €97.2bn backed unit-linked contracts; non-consolidated funds mainly holding private equity were carried at €3.6bn. Since selling AXA Investment Managers to BNP Paribas on 1 July 2025, AXA has its assets managed by BNP Paribas under a long-term partnership while keeping authority over asset allocation and ALM decisions. Named private-markets commitments include Ardian’s funds, AVP Growth Fund I, the French Tibi initiative and the Objectif Biodiversité unlisted fund.
PORTFOLIO (3)
- Ardian funds (AXA remains “one of the principal investors in Ardian’s funds” while selling its 10% shareholding)
- AVP Growth Fund I (€1.5bn; AXA anchor investor, joined by the EIF in 2025)
- “Objectif Biodiversité” unlisted private equity fund (Af2i initiative; AXA joined the investor group in 2025)Climate & Energy · since 2025
TEAM
LINKS
FAQ
AXA is a institutional investor based in Paris, France.
AXA does not primarily invest directly in private companies. It also commits capital to third-party funds as an LP.
Key people at AXA include Thomas Buberl (Group Chief Executive Officer), George Stansfield (Group Deputy CEO and General Secretary) and Alban de Mailly Nesle (Group Chief Financial Officer (chairs the Group Investment Committee)).
AXA's investments include Ardian funds (AXA remains “one of the principal investors in Ardian’s funds” while selling its 10% shareholding), AVP Growth Fund I (€1.5bn; AXA anchor investor, joined by the EIF in 2025) and “Objectif Biodiversité” unlisted private equity fund (Af2i initiative; AXA joined the investor group in 2025).
No. AXA invests its own capital and does not raise money from outside investors.