Carac
Also known as CARAC, Groupe Carac, Mutuelle d’épargne, de retraite et de prévoyance Carac
Savings, retirement and prévoyance mutual (Neuilly-sur-Seine). €13.1B of investments excl. unit-linked (2025); commits to unlisted funds (Tikehau defence fund, Tibi); stake in Atream.
- HEADQUARTERS
- Neuilly-sur-Seine, France
- FOUNDED
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- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 2 people
Focus
- STAGES
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- SECTORS
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- ASSET MIX
- Private equityReal estate
- GEOGRAPHY
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Overview
Carac is a French mutual (Code de la mutualité) selling savings, retirement and prévoyance contracts; its prudential group held €13,064M of investments excluding unit-linked assets at 31 December 2025, including €241M of unlisted shares and €3,091M of collective investment funds. In September 2025 it announced a €50M investment commitment to the evergreen fund Carac Tikehau Défense et Sécurité, launched with its long-standing partner Tikehau Capital to support the defence industrial base. It is a partner investor in the Treasury-led Tibi initiative for tech funds and by March 2025 had joined the 16 institutional investors launching manager selection for the unlisted “Objectif Biodiversité” fund (target €150M). In 2024 it took a stake in the asset manager Atream.
PORTFOLIO (3)
- Carac Tikehau Défense et Sécurité (evergreen fund, €50M commitment)since 2025
- Objectif Biodiversité unlisted fund (member of the 16-investor group, March 2025)Climate & Energy · since 2025
- Atream (stake in asset manager)since 2024
People
Links
Frequently asked questions
Carac is a institutional investor based in Neuilly-sur-Seine, France.
Yes. Carac invests its own capital in private companies. It also commits capital to third-party funds as an LP.
Key people at Carac include Pierre Lara (Président) and Michel Andignac (Directeur général (dirigeant opérationnel)).
Carac's investments include Carac Tikehau Défense et Sécurité (evergreen fund, €50M commitment), Objectif Biodiversité unlisted fund (member of the 16-investor group, March 2025) and Atream (stake in asset manager).
No. Carac invests its own capital and does not raise money from outside investors.