Private Equity FundPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 11 SOURCES

NextStage AM

Also known as NextStage, NextStage Asset Management

Independent Paris growth-capital manager (AMF GP02012) founded in 2002, investing equity in innovative French and European SMEs and mid-caps through FPCI, evergreen and unit-linked vehicles.

HEADQUARTERS: Paris, France
FOUNDED: 2002
AUM: —
OUTSIDE CAPITAL: Yes
TEAM LISTED: 8 people

Focus

STAGES: Growth
SECTORS: Software & SaaS HealthTech Climate & Energy Consumer & E-commerce Industrial & Manufacturing
ASSET MIX: Private equityDirect investments
GEOGRAPHY: FranceEurope

Overview

NextStage AM is an independent Paris portfolio management company founded in 2002 by Grégoire Sentilhes and Jean-David Haas that provides growth capital, mainly equity with limited leverage, to innovative French and European SMEs and mid-caps. It invests for institutional investors (including Amundi, AXA and Bpifrance) and more than 37,000 individual investors through vehicles such as NextStage Evergreen, the unit-linked NextStage Croissance, the NextStage Championnes FPCI range, Capital Entrepreneur and the Pépites & Territoires programme with AXA. It reports 216 investments since 2002 and 78 companies in portfolio (30 June 2026), and invested €78M in 2025. Partners and staff hold about 88.9% of the capital and Amundi the rest.

Investment thesis

Long-term, mainly equity investment with limited leverage in innovative, growing French and European SMEs and mid-caps (the “small market”) linked to three technology disruptions — digital/AI, smart health and environmental and energy innovation — and broader trends such as the emotion economy, industrial internet, on-demand economy and green growth; hands-on support for build-ups, internationalisation and team building.

PORTFOLIO (13)

AtreamNOTABLE
Real Estate & PropTech
LinxeaNOTABLE
Fintech
Domaine de Chezelles
Consumer & E-commerce · since 2026
Adopt Parfums
Consumer & E-commerce
Evoluderm
Consumer & E-commerce · since 2025
Optimix Solutions / Maxxing
Software & SaaS · since 2025
Bichard Équipement
Industrial & Manufacturing · since 2025
Aerophile
Consumer & E-commerce
Arkose
Consumer & E-commerce
BIO-UV Group
Climate & Energy
EasyMile
Mobility & Logistics
Eurobio Scientific
HealthTech
Efalia
Software & SaaS

People

Grégoire Sentilhes
Président (co-founder) · source
Jean-David Haas
Directeur Général (co-founder) · source
Nicolas de Saint Etienne
Directeur Général adjoint · source
Julien Potier
Directeur Général adjoint · source
Aloys de Fontaines
Associé · source
Michaël Strauss-Kahn
Associé · source
Rodolphe Ignasiak
Associé, Relations Investisseurs · source
Charlotte Lengaigne-Giraudeau
Associée · source

Frequently asked questions

NextStage AM is a private equity fund based in Paris, France, founded in 2002.

Yes. NextStage AM invests its own capital in private companies.

NextStage AM invests at Growth stage in Software & SaaS, HealthTech, Climate & Energy, Consumer & E-commerce and Industrial & Manufacturing.

Key people at NextStage AM include Grégoire Sentilhes (Président (co-founder)), Jean-David Haas (Directeur Général (co-founder)), Nicolas de Saint Etienne (Directeur Général adjoint) and Julien Potier (Directeur Général adjoint).

NextStage AM's investments include Atream, Linxea, Domaine de Chezelles, Adopt Parfums, Evoluderm, Optimix Solutions / Maxxing, Bichard Équipement and Aerophile, among others.

The most recent publicly reported investment by NextStage AM is Domaine de Chezelles (Majority MBI, c. €26M equity), announced in Sep 2026.

Yes. NextStage AM manages capital from outside investors.