Fondation de France
Also known as FdF
French philanthropic foundation sheltering 974 foundations; €2,545M of financial assets (end 2025), 6% in PE/infrastructure; launched the France 2i impact fund; €158M committed to impact investments.
- HEADQUARTERS
- Paris, France
- FOUNDED
- 1969
- AUM
- €2.5B (2025)
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 4 people
FOCUS
- STAGES
- —
- ASSET MIX
- Private equityImpactReal estatePublic equities
- GEOGRAPHY
- FranceEurope
WHAT IT IS
Institutional LP. Pension funds, endowments, foundations and sovereign funds that commit capital to funds and, sometimes, directly.
ABOUT
The Fondation de France was created by decree on 9 January 1969 to develop philanthropy in France; with the 974 foundations it shelters it spent €453M on public-interest causes in 2025. It managed €2,545M of financial assets at 31 December 2025, delegated to asset managers through mandates and funds, with 6% in private equity and infrastructure. In 2019 it launched France 2i, a €100M impact fund (SLP) managed by RAISE that takes minority stakes in unlisted impact companies. At end 2025 it had committed €158M to 17 impact investments, including Demeter Infra 4, Capenergie 3, Alter Equity and Aqua Spark.
PORTFOLIO (11)
- France 2i (impact SLP managed by RAISE; launched May 2019)since 2019
- Demeter Infra 4Climate & Energy
- Capenergie 3Climate & Energy
- Alter Equity and Alter Equity II
- FDNC Sustainable Food SystemsFood & Agriculture
- Aqua SparkFood & Agriculture
- Regenero Impact FundFood & Agriculture
- Land Degradation Neutrality FundClimate & Energy
- Hemisphère
- Suma Capital
- MiimosaFood & Agriculture
TEAM
LINKS
FAQ
Fondation de France is a institutional investor based in Paris, France, founded in 1969.
Fondation de France does not primarily invest directly in private companies. It also commits capital to third-party funds as an LP.
Fondation de France invests in Climate & Energy and Food & Agriculture.
Key people at Fondation de France include Pierre Sellal (Président), Axelle Davezac (Directrice générale), Yves Perrier (Trésorier (chairs the Comité financier)) and Olivier Neumann (Directeur financier).
Fondation de France's investments include France 2i (impact SLP managed by RAISE; launched May 2019), Demeter Infra 4, Capenergie 3, Alter Equity and Alter Equity II, FDNC Sustainable Food Systems, Aqua Spark, Regenero Impact Fund and Land Degradation Neutrality Fund, among others.
No. Fondation de France invests its own capital and does not raise money from outside investors.