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Private Equity FundPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 12 SOURCES

Vatel Capital

Also known as VATEL CAPITAL

Paris staff-owned manager (AMF GP-08000044, 2008) of retail FCPI and Corsican FIP funds investing in listed and unlisted French growth SMEs, plus forestry and farmland funds; ~€500m AUM.

HEADQUARTERS
Paris, France
FOUNDED
2008
AUM
€500M (2025)
OUTSIDE CAPITAL
Yes
TEAM LISTED
7 people

Focus

STAGES
Growth
SECTORS
HealthTechClimate & EnergyIndustrial & ManufacturingSoftware & SaaSConsumer & E-commerce
ASSET MIX
Private equityPrivate creditPublic equitiesReal estate
GEOGRAPHY
France

Investment arms & vehicles

  • Méthanor
    Euronext Growth-listed fund dedicated to renewable energy and environmental sobriety, created by Vatel Capital in 2012
  • Vatel Direct
    Crowdfunding platform for financing SMEs, launched in 2016
  • Foncière Forestière / GFI Vatel / GFI Vatel 2
    Forestry investment vehicles
  • SC Terres Invest / Terres de France
    Agricultural land vehicles

Overview

Vatel Capital is an independent Paris management company founded in 2008 by Marc Meneau, François Gerber and Antoine Herbinet and wholly owned by its staff. It finances listed and unlisted French growth SMEs, mainly through tax-advantaged retail funds (FCPI Dividendes Plus and FIP Corse Kallisté Capital), often using convertible bonds, and also runs a small-cap equity fund, a private-debt FCPR and the listed renewable-energy fund Méthanor. It additionally manages forestry groups and farmland vehicles. It says it manages close to €500m.

Investment thesis

Growth SMEs in health, environment, industry, business services and digital transformation, selected for maturity, profitability and dividend capacity (FCPI), and Corsican SMEs in health, tourism, renewables and agri-food (FIP Corse).

PORTFOLIO (2)

  • Crossject
    HealthTech · since 2025
  • Les Terrasses de Porto Vecchio
    Consumer & E-commerce · since 2018

People

  • Marc Meneau
    President, Co-founder · source
  • Antoine Herbinet
    Chairman of the Supervisory Board, Co-founder · source
  • François Gerber
    Co-founder; President of Vatel Direct · source
  • Jean-Michel Ycre
    Chief Executive Officer (Directeur Général) · source
  • Matthieu Lambert
    Deputy CEO (Directeur Général Délégué), Development · source
  • Cyril Jalasja
    Investment Director (Directeur de Participations) · source
  • Christelle Stemmelen
    Secretary General and Compliance Officer · source

Links

Frequently asked questions

Vatel Capital is a private equity fund based in Paris, France, founded in 2008.

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

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

Key people at Vatel Capital include Marc Meneau (President, Co-founder), Antoine Herbinet (Chairman of the Supervisory Board, Co-founder), François Gerber (Co-founder; President of Vatel Direct) and Jean-Michel Ycre (Chief Executive Officer (Directeur Général)).

Vatel Capital's investments include Crossject and Les Terrasses de Porto Vecchio.

The most recent publicly reported investment by Vatel Capital is Crossject (€5m convertible bonds in three tranches (FCPI)), announced in Nov 2025.

Yes. Vatel Capital manages capital from outside investors.