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Private Equity FundInvests directly in companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 13 SOURCES

Trocadero Capital Partners

Also known as TCP, Trocadero Capital Partners SAS

Independent Paris manager (AMF GP-13000033) investing €5M–€20M as minority shareholder and bond lender in French and European SMEs and mid-caps, plus an Article 9 decarbonisation fund.

HEADQUARTERS
Paris, France
FOUNDED
—
AUM
—
OUTSIDE CAPITAL
Yes
TEAM LISTED
10 people

Focus

STAGES
GrowthBuyout
SECTORS
Industrial & ManufacturingClimate & EnergyConsumer & E-commerceHealthTech
ASSET MIX
Private equityPrivate creditImpactDirect investments
GEOGRAPHY
FranceEurope

Overview

Trocadero Capital Partners is a Paris portfolio management company, wholly owned by its management team, that has backed more than 60 French and European SMEs and mid-caps over about 15 years. Its Croissance & Transmission funds invest €5M–€20M as minority shareholder and bond lender in development, ownership transitions and buy-and-build; Trocadero Environnement & Performance (SFDR Article 9) combines equity with operational decarbonisation support; and it also manages France Relance “Obligations Relance” subordinated bonds. Recent investments include HTDS (May 2026), SOS Accessoire – Ecoparts (March 2025), Biscabois (December 2024) and Locala (September 2024).

Investment thesis

Minority equity and bond financing (5–20 M€ per deal) for SMEs and mid-caps of all sectors in France and Europe at key moments — family or management successions, spin-offs, organic and external growth, transformation — with governance and ESG support; an Article 9 strategy backs companies pursuing both financial performance and CO2 reduction as majority or reference minority shareholder.

PORTFOLIO (12)

  • HTDS
    Industrial & Manufacturing · since 2026
  • SOS Accessoire – Ecoparts
    Climate & Energy · since 2025
  • Biscabois
    Industrial & Manufacturing · since 2024
  • Locala
    Media & Entertainment · since 2024
  • Enviris
    Industrial & Manufacturing · since 2023
  • CETIH
    Climate & Energy · since 2023
  • La Boutique du Coiffeur
    Consumer & E-commerce · since 2023
  • Cemedis
    HealthTech · since 2023
  • Eowin
    Software & SaaS · since 2023
  • Spengler Group
    HealthTech · since 2023
  • Climanext
    Climate & Energy · since 2023
  • Unique Heritage Media
    Media & Entertainment · since 2022

People

  • Philippe Bruneau
    Managing Partner · source
  • Benjamin Fougerat
    Managing Partner · source
  • Nicolas Gagnez
    Managing Partner · source
  • Maud Minoustchin
    Partner · source
  • Karim Zaghlan-Hajjar
    Partner · source
  • Caroline Brun
    Directrice de Participations · source
  • Aymeric Benavent
    Directeur de participations · source
  • Thomas Rossille
    Directeur de participations · source
  • Samantha Jeary
    Directrice de participations · source
  • Justine Briand
    Impact Manager · source

Links

Frequently asked questions

Trocadero Capital Partners is a private equity fund based in Paris, France.

Trocadero Capital Partners invests directly in companies. Capital origin: third-party capital (fund LPs). Stated strategies include private equity, private credit, impact and direct investments.

Trocadero Capital Partners invests at Growth and Buyout stages in Industrial & Manufacturing, Climate & Energy, Consumer & E-commerce and HealthTech.

Trocadero Capital Partners's stated ticket size is €5M–€20M.

Key people at Trocadero Capital Partners include Philippe Bruneau (Managing Partner), Benjamin Fougerat (Managing Partner), Nicolas Gagnez (Managing Partner) and Maud Minoustchin (Partner).

Trocadero Capital Partners's disclosed portfolio companies include HTDS, SOS Accessoire – Ecoparts, Biscabois, Locala, Enviris, CETIH, La Boutique du Coiffeur and Cemedis, among others.

The most recent publicly reported investment by Trocadero Capital Partners is HTDS, announced in May 2026.