SMABTP
Also known as SMA BTP, Groupe SMA, Société mutuelle d’assurance du bâtiment et des travaux publics
Paris mutual insurer of the construction sector, founded 1859. €16.3B of assets at market value (2025); Tibi partner investor; owns 35.4% of BTP Capital Investissement.
- HEADQUARTERS
- Paris, France
- FOUNDED
- 1859
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 2 people
Focus
- STAGES
- —
- SECTORS
- —
- ASSET MIX
- Private equityReal estatePublic equities
- GEOGRAPHY
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Overview
SMABTP is a mutual insurer with variable contributions, founded in 1859, that insures construction and public-works businesses and is affiliated to the SGAM btp with SMAvie BTP, CAM btp, L’Auxiliaire and L’Auxiliaire Vie. Its assets totalled €16,300M at market value at end 2025, of which €2,201M in unlisted shares and participations and €836M in directly held listed shares. It holds 35.4% of BTP Capital Investissement and controls real-estate companies including Société de la Tour Eiffel (56.9%). “SMA BTP” is listed by the French Treasury among partner investors of the Tibi initiative, which commits institutional money to qualified tech funds.
PORTFOLIO (3)
- BTP Capital Investissement (35.4% stake)
- Société de la Tour Eiffel (56.9%)Real Estate & PropTech
- Aquaboulevard (21.3%)
People
Links
Frequently asked questions
SMABTP is a institutional investor based in Paris, France, founded in 1859.
Yes. SMABTP invests its own capital in private companies. It also commits capital to third-party funds as an LP.
Key people at SMABTP include Olivier Salleron (Président (from 1 September 2026)) and Sylvestre Frézal (Directeur général adjoint).
SMABTP's investments include BTP Capital Investissement (35.4% stake), Société de la Tour Eiffel (56.9%) and Aquaboulevard (21.3%).
No. SMABTP invests its own capital and does not raise money from outside investors.