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Institutional LPInvests through funds, not into companiesLAST VERIFIED Oct 2026 · 5 SOURCES

ERAFP (Établissement de Retraite additionnelle de la Fonction publique)

Also known as ERAFP, RAFP, Retraite additionnelle de la Fonction publique

Public body running the mandatory funded supplementary pension scheme for French civil servants; €53.6bn of assets (2025); invests in PE and infrastructure via funds and mandates.

HEADQUARTERS
Paris, France
FOUNDED
2005
AUM
€53.6B (2025)
OUTSIDE CAPITAL
No — own capital only
TEAM LISTED
3 people

Focus

STAGES
—
SECTORS
—
ASSET MIX
Private equityVenture capitalReal estatePublic equities
GEOGRAPHY
EuropeNorth America

Overview

ERAFP is the public administrative body that has managed the Retraite additionnelle de la Fonction publique (RAFP) since 1 January 2005, a mandatory funded points-based scheme with 4.4 million contributing public servants and 43,000 employers. Its net assets had an economic value of €53.6bn at 31 December 2025, invested under a 100% SRI charter, with 3.5% in private equity and infrastructure. It invests in unlisted companies by subscribing directly to open-ended funds and through management mandates; in August 2026 it awarded nine private equity and infrastructure mandates with a combined target of €1.6bn. It is a partner investor in the government-sponsored Tibi initiative for French tech funds.

PORTFOLIO (1)

  • Sustainable Growth Infrastructure fund (DWS) — €30M
    Climate & Energy

People

  • Vincent Lidsky
    Chairman of the Board of Directors · source
  • Michel Argiewicz
    Vice-Chairman of the Board of Directors · source
  • Régis Pélissier
    Director (chief executive) · source

Links

Frequently asked questions

ERAFP (Établissement de Retraite additionnelle de la Fonction publique) is a institutional investor based in Paris, France, founded in 2005.

ERAFP (Établissement de Retraite additionnelle de la Fonction publique) does not primarily put its own money into private companies. It also commits capital to third-party funds as an LP.

Key people at ERAFP (Établissement de Retraite additionnelle de la Fonction publique) include Vincent Lidsky (Chairman of the Board of Directors), Michel Argiewicz (Vice-Chairman of the Board of Directors) and Régis Pélissier (Director (chief executive)).

ERAFP (Établissement de Retraite additionnelle de la Fonction publique)'s investments include Sustainable Growth Infrastructure fund (DWS) — €30M.

No. ERAFP (Établissement de Retraite additionnelle de la Fonction publique) invests its own capital and does not raise money from outside investors.