Private Equity FundPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 13 SOURCES

Armen

Also known as ARMEN, Armen SAS, Armen GP Stakes Fund I

Paris GP-stakes manager (AMF GP-202222, 2022) buying minority stakes in European mid-sized alternative asset managers; Fund I closed at about €270M in July 2025.

HEADQUARTERS: Paris, France
FOUNDED: 2022
AUM: —
OUTSIDE CAPITAL: Yes
TEAM LISTED: 11 people

Focus

STAGES: Growth
SECTORS: —
ASSET MIX: Private equity
GEOGRAPHY: Europe

Overview

Armen is a Paris-based portfolio management company, authorised by the AMF in September 2022, whose fund takes minority stakes in European alternative asset management firms (GP stakes). It was founded by Dominique Gaillard, Laurent Bénard and Renaud Tourmente and targets managers with €1bn–€10bn under management in private equity, private debt and infrastructure. Armen GP Stakes Fund I held a €150M first close in March 2023 and closed on 31 July 2025 at about €270M, after five investments: RGREEN INVEST, Jolt Capital, Chorus Capital, Signal Capital and Vendis Capital. It has offices in Paris, London and Hamburg.

Investment thesis

Minority stakes in independent European mid-market private equity, private debt and infrastructure managers (€1bn–€10bn AUM) to finance generational transition, GP commitments, new strategies or acquisitions, with operational support on fundraising, ESG, compliance, cybersecurity and data.

PORTFOLIO (6)

RGREEN INVEST
Climate & Energy · since 2023
Jolt Capital
Deep Tech · since 2024
Chorus Capital
since 2024
Signal Capital
since 2024
Vendis Capital
Consumer & E-commerce · since 2025
Private Corner
Fintech · since 2023 · Exited

People

Dominique Gaillard
Chairman, Executive committee · source
Laurent Bénard
Chief Executive Officer, Executive committee · source
Renaud Tourmente
Deputy CEO & Chief Operating Officer, Executive committee · source
Catherine Haumesser
Partner (UK-Nordics), London · source
Hugh Langmuir
Chairman (UK), London · source
Paul Kucerin
Managing Director – Investment, Hamburg · source
Max Darque
Director – Investment, London · source
Benjamin Lamothe
Principal – Investment · source
Salomé Lema
Principal – Investment · source
Henrik Hoffmann-Fischer
Director (UK-Nordics) – Investor relations · source
Sandrine Allilaire
Chief Financial Officer & Head of Middle Office · source

Frequently asked questions

Armen is a private equity fund based in Paris, France, founded in 2022.

Yes. Armen invests its own capital in private companies.

Armen invests at Growth stage.

Key people at Armen include Dominique Gaillard (Chairman, Executive committee), Laurent Bénard (Chief Executive Officer, Executive committee), Renaud Tourmente (Deputy CEO & Chief Operating Officer, Executive committee) and Catherine Haumesser (Partner (UK-Nordics), London).

Armen's investments include RGREEN INVEST, Jolt Capital, Chorus Capital, Signal Capital, Vendis Capital and Private Corner.

The most recent publicly reported investment by Armen is Vendis Capital (Minority GP stake (fifth investment of Armen GP Stakes Fund I)), announced in May 2025.

Yes. Armen manages capital from outside investors.