ARMEN

About ARMEN

ARMEN is a Paris-based GP stakes manager with €300 million of assets under management, founded in September 2022 by Dominique Gaillard (ex-CEO Ardian), Laurent Bénard (ex-CEO Capza) and Renaud Tourmente. The platform specialises in acquiring minority stakes (typically 15-32 percent) in European alternative investment firms across private equity, private debt and infrastructure managers, providing growth capital alignment with established European GP businesses.

Investment thesis

ARMEN targets European alternative asset management firms across private equity, private debt and infrastructure verticals, deploying minority stakes typically ranging from 15 to 32 percent of the target GP's equity. The GP stakes mandate enables ARMEN to acquire long-duration positions in established alternative managers with proven track records, providing growth capital for fund expansion, succession planning and strategic acquisitions. The founding team brings multi-decade European GP operating experience.

Recent activity

The platform tracks a single dedicated fund vehicle and 6 active GP stake positions across the inaugural deployment of the GP stakes programme. As a recently established platform (2022 founding), ARMEN is in active deployment phase with realised exits expected over the long-duration GP stakes investment cycle. Detailed buyer names and multiple data available on Pro at €29/month.