Private Equity FundPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 26 SOURCES

Capital Croissance

Also known as Capital Croissance SAS

Paris independent management company founded in 2012 backed by 600+ entrepreneur subscribers; runs buy-out, growth, impact VC and fund-of-funds strategies with €0.5–50M tickets.

HEADQUARTERS: Paris, France
FOUNDED: 2012
AUM: —
OUTSIDE CAPITAL: Yes
TEAM LISTED: 15 people

Focus

STAGES: SeedSeries ASeries BGrowthBuyout
SECTORS: Software & SaaS Consumer & E-commerce Education Industrial & Manufacturing Media & Entertainment HealthTech Climate & Energy
ASSET MIX: Private equityVenture capitalFunds (as LP)Impact
GEOGRAPHY: FranceEuropeAfrica

Investment arms & vehicles

CAIRN Business Club
Buy-out and growth-capital club for French SMEs with €10–100M revenue; €285M, 300+ entrepreneur subscribers, launched 2013
Edelweiss Business Club (Edelweiss Croissance I)
Buy-out and growth-capital club for SMEs with €5–30M revenue; €75M, 120+ entrepreneur subscribers, launched 2021
K2 Business Club
€200M long-term programme (up to 15 years) backed by 14 families for French mid-caps with €50–250M revenue, launched 2019
Bluester
Fund-of-funds and co-investment strategy in European small and lower mid-cap buyouts, active since 2008
Ternel
Impact venture capital arm (ex-MAIF Avenir), seed to Series A in Europe
Gaia Impact (Gaia Energy Impact Fund II)
Impact VC fund for decentralised renewable energy in emerging markets, mainly sub-Saharan Africa; managed by Capital Croissance since 2023
Ouréa
Capital Croissance endowment fund (philanthropy)

Overview

Capital Croissance is an independent, AMF-authorised management company created in 2012 that invests equity and quasi-equity in French, European and international start-ups, SMEs and mid-caps. Its funds are subscribed by more than 600 entrepreneurs, executives, investment professionals and families, organised in business clubs: CAIRN (SMEs), Edelweiss (smaller growth companies) and K2 (mid-caps, 14 families). It also runs impact venture capital through Ternel (Europe) and Gaia Impact (emerging markets), a fund-of-funds and co-investment strategy (Bluester), and an endowment fund, Ouréa. The team numbers about fifty people.

Investment thesis

Growth and transfer transactions in profitable SMEs and mid-caps of all sectors (revenue €5–250M, tickets €1M to more than €25M) as reference shareholder; seed-to-Series A impact venture in Europe (€0.5–5M) and in emerging markets; European lower mid-market LBO exposure through fund commitments and co-investments (€3–5M).

PORTFOLIO (8)

EquativNOTABLE
Media & Entertainment · since 2021
Bonsoirs
Consumer & E-commerce · since 2026
Serapid
Industrial & Manufacturing · since 2025
Cube Education
Education · since 2025
Travelsoft
Software & SaaS · since 2024
Stid
Industrial & Manufacturing · since 2024
iDealwine
Consumer & E-commerce · since 2021
Biobank
HealthTech · since 2014

People

Eric Neuplanche
Founding President (Président Fondateur) · source
Maxime Peronnin
Directeur Général · source
Sophie Peyroutet
Secrétaire Générale · source
Fabrice Fleury
Managing Partner, CAIRN · source
Julie Masson
Managing Partner, CAIRN · source
Julien Berger-Perrin
Managing Partner, CAIRN · source
Benjamin Persyn
Managing Partner, K2 · source
Arnaud Tardan
Managing Partner, K2 · source
Christophe Jadot
Managing Partner, Edelweiss · source
Antoine Houël
Managing Partner, Edelweiss · source
Mohamed Abdesslam
Managing Partner, Ternel · source
Hélène Demaegdt
President & Founder, Gaia Impact · source
Victor Beulque
Managing Partner, Gaia Impact · source
Anne-Sophie Kerfourn
Managing Partner, Bluester · source
Arnaud Burel
Managing Partner, Bluester · source

Frequently asked questions

Capital Croissance is a private equity fund based in Paris, France, founded in 2012.

Yes. Capital Croissance invests its own capital in private companies.

Capital Croissance invests at Seed, Series A, Series B, Growth and Buyout stages in Software & SaaS, Consumer & E-commerce, Education, Industrial & Manufacturing, Media & Entertainment, HealthTech and Climate & Energy.

Capital Croissance's stated ticket size is €500K–€50M.

Key people at Capital Croissance include Eric Neuplanche (Founding President (Président Fondateur)), Maxime Peronnin (Directeur Général), Sophie Peyroutet (Secrétaire Générale) and Fabrice Fleury (Managing Partner, CAIRN).

Capital Croissance's investments include Equativ, Bonsoirs, Serapid, Cube Education, Travelsoft, Stid, iDealwine and Biobank.

The most recent publicly reported investment by Capital Croissance is Bonsoirs (Minority secondary MBO (Edelweiss Croissance I)), announced in Sep 2026.

Yes. Capital Croissance manages capital from outside investors.