CNP Assurances
Insurance arm of (held via CNP Assurances Holding, wholly owned by La Banque Postale) La Banque Postale
Also known as CNP Assurances group, CNP
French personal insurer owned by La Banque Postale. €341bn investment portfolio (end-2025); LP in private equity funds since 1992, Tibi and France Investissement Assureurs partner.
- HEADQUARTERS
- Issy-les-Moulineaux, France
- FOUNDED
- —
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 4 people
Focus
- STAGES
- —
- SECTORS
- —
- ASSET MIX
- Private equity
- GEOGRAPHY
- Europe
Investment arms & vehicles
- Corporate venture capital fund of CNP Assurances (€100M under management); invests €0.5–5M from seed to Series B in European fintech, insurtech, e-health and B2B services startups
Overview
CNP Assurances is a French personal insurer whose insurance division is held by CNP Assurances Holding, wholly owned by La Banque Postale; its shares were delisted in 2022. The investment portfolios of CNP Assurances SA and its French subsidiaries totalled €341.22bn at the end of 2025, including about €17bn in unlisted equity, infrastructure and real estate funds. It began investing in private equity in 1992 and by mid-2015 had committed nearly €6bn to about 300 funds, committing €500–700M a year through funds and co-investments. It is a partner of the Tibi initiative (nearly €3bn cumulatively across its three phases, including €1bn announced in June 2026) and of Bpifrance's France Investissement Assureurs programme.
PORTFOLIO (5)
- LAC 1 (Bpifrance) — subscriber at first closingsince 2020
- Starquest-Montefiore biodiversity private equity fund (Objectif Biodiversité initiative)Climate & Energy · since 2025
- Tibi initiative qualified funds — about €1bn committed for phase 3 (2026), nearly €3bn across phases 1–3since 2026
- Fonds Stratégique de Participations (FSP, managed by ISALT) — one of seven insurer shareholders
- France Investissement Assureurs (Bpifrance partnership) — eligible VC, growth and buyout funds
People
- Marie-Aude ThépautChief Executive Officer · source
- Olivier GuignéGroup Chief Investment Officer and Director of Artificial Intelligence, Innovation and Transformation · source
- Sarah BouquerelGroup Financial and Non-Financial Director and Deputy Chief Executive Officer · source
- Thomas BéharGroup Chief Risk Officer and Deputy Chief Executive Officer · source
Links
Frequently asked questions
CNP Assurances is a institutional investor based in Issy-les-Moulineaux, France.
Yes. CNP Assurances invests its own capital in private companies. It also commits capital to third-party funds as an LP.
Key people at CNP Assurances include Marie-Aude Thépaut (Chief Executive Officer), Olivier Guigné (Group Chief Investment Officer and Director of Artificial Intelligence, Innovation and Transformation), Sarah Bouquerel (Group Financial and Non-Financial Director and Deputy Chief Executive Officer) and Thomas Béhar (Group Chief Risk Officer and Deputy Chief Executive Officer).
CNP Assurances's investments include LAC 1 (Bpifrance) — subscriber at first closing, Starquest-Montefiore biodiversity private equity fund (Objectif Biodiversité initiative), Tibi initiative qualified funds — about €1bn committed for phase 3 (2026), nearly €3bn across phases 1–3, Fonds Stratégique de Participations (FSP, managed by ISALT) — one of seven insurer shareholders and France Investissement Assureurs (Bpifrance partnership) — eligible VC, growth and buyout funds.
No. CNP Assurances invests its own capital and does not raise money from outside investors.