Alter Equity
Alter Equity is a Paris-based private equity firm founded in 2009 that invests in European companies addressing major social and environmental challenges. It manages over €235 million, focusing on companies with revenues above €1 million and strong growth potential, requiring portfolio companies to implement ESG business plans.
Key facts
Recent exits
Coverage notes
3 funds tracked, 28 portfolio companies (17 active · 11 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Alter Equity has raised, with its portfolio companies. Hand-checked from public filings.
Alter Equity 3P IIIGrowth2023 · 3yr€85M6 active
Alter Equity Fund IIGrowth2020 · 6yr€110M9 active · 5 realized
Unrealized
9 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Beem | Software | France | 2021 |
| circle | Education | France | 2023 |
| EverySens | Industrials | France | 2023 |
| Ikigai Education | Education | UK | 2017 |
| Imparfaite | Consumer | France | 2022 |
| Kipli | Consumer | France | 2019 |
| MiiMOSA | Software | France | 2019 |
| Murfy | Software | France | 2021 |
| Neobrain | TMT | France | 2021 |
Realized
5 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Behring | Industrials | Spain | 2021 | 2025 | Trade Sale | – | |
| Enviria | Energy | France | 2021 | 2024 | Secondary | – | |
| Gojob | Business Services | France | 2020 | 2025 | Trade Sale | – | |
| Green Creative | Energy | France | 2021 | 2025 | Secondary | – | |
| Ilek | Energy | France | 2021 | 2026 | Trade Sale | – |
Alter Equity Fund IGrowth2015 · 11yr€30M2 active · 6 realized
Unrealized
2 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Elum Energy | Energy | France | 2017 |
| Les Ripeurs | Consumer | France | 2019 |
Realized
6 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Boho Green | Energy | France | 2015 | 2019 | Trade Sale | – | |
| Eficia | Energy | France | 2016 | 2023 | Trade Sale | – | |
| Innovafeed | Industrials | France | 2017 | 2023 | Secondary | – | |
| NED Energie | Energy | France | 2016 | 2022 | Trade Sale | – | |
| OpenAirlines | Software | France | 2015 | 2024 | Secondary | – | |
| Wild Code School | Software | France | 2018 | 2025 | Trade Sale | – |
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About Alter Equity
Alter Equity is a Paris-based private equity firm with over €270 million of assets under management as of December 2024, founded in 2009 and dedicated to investing in European companies addressing major social and environmental challenges. The firm focuses on companies with revenues above €1 million and strong growth potential, with the impact investing mandate distinguishing Alter Equity from generalist mid-cap peers.
Investment thesis
Alter Equity targets European impact-aligned companies addressing climate, social inclusion, sustainable food, healthcare access and environmental themes. Equity ticket sizes typically range from €3 million to €15 million per transaction across growth equity and selective buyout positions. The impact mandate requires demonstrable social or environmental outcomes alongside commercial financial return discipline, with the platform's multi-vintage track record positioning Alter Equity as one of the longer-tenure European impact investors.
Recent activity
Recent realised exits include Behring (industrials, 2025), Gojob (business services, 2025), Green Creative (energy, 2025) and Enviria (energy, 2024), reflecting active distribution across the impact-aligned portfolio. The platform tracks 3 funds, 19 active portfolio companies and 9 realised exits across the multi-vintage European impact programme. Detailed buyer names and multiple data available on Pro at €29/month.
Similar firms
Other private equity firms tracked on GP Intel.