Groupama
Also known as Groupama Assurances Mutuelles, Groupe Groupama
French mutual insurance group with €69.7bn of insurance investments (end-2025). Its head-office finance team commits to buyout, growth, venture and mezzanine funds; Tibi partner.
- HEADQUARTERS
- Paris, France
- FOUNDED
- —
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 3 people
Focus
- STAGES
- GrowthBuyout
- SECTORS
- —
- ASSET MIX
- Private equityVenture capitalPrivate credit
- GEOGRAPHY
- EuropeNorth America
Overview
Groupama is a French mutual insurance group whose central body is Groupama Assurances Mutuelles; its insurance investments stood at €69.7bn at the end of 2025. The group's finance department manages unlisted investments for its subsidiaries, while Groupama Asset Management manages listed assets. In 2024 it reported about €900M invested in private equity, split between buyout, growth capital, a smaller venture pocket and mezzanine debt, with two thirds in France and Europe and the rest mainly in North America. It is a Tibi partner, a shareholder of the Fonds Stratégique de Participations and a subscriber to Bpifrance's LAC 1 fund.
PORTFOLIO (4)
- NCI (Nouveau Capital Investissement) funds
- BlackFin Capital Partners funds
- LAC 1 (Bpifrance) — subscriber at first closing (Groupe Groupama)since 2020
- Fonds Stratégique de Participations (FSP, managed by ISALT) — one of seven insurer shareholders
People
Links
Frequently asked questions
Groupama is a institutional investor based in Paris, France.
Groupama does not primarily put its own money into private companies. It also commits capital to third-party funds as an LP.
Groupama invests at Growth and Buyout stages.
Key people at Groupama include Thierry Martel (Chief Executive Officer, Groupama Assurances Mutuelles), Pierre-Hubert Perromat (Director of financial investment management (as of April 2024)) and Régis Gaisnon (Head of private equity and infrastructure (as of April 2024)).
Groupama's investments include NCI (Nouveau Capital Investissement) funds, BlackFin Capital Partners funds, LAC 1 (Bpifrance) — subscriber at first closing (Groupe Groupama) and Fonds Stratégique de Participations (FSP, managed by ISALT) — one of seven insurer shareholders.
No. Groupama invests its own capital and does not raise money from outside investors.