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Rivage Investment

Rivage Investment

Paris, France·Founded 2010·rivageinvestment.com

Rivage Investment is an independent Paris-based asset management firm founded in 2010 by Herve Besnard, specialising in private debt financing of infrastructure, essential assets and public-sector entities across Europe and North America. It is the largest independent infrastructure debt manager in Europe (ranked eighth worldwide), managing circa EUR 8.3 billion for institutional investors across the credit risk-return spectrum, from investment-grade senior secured infrastructure and public-sector lending to high-yield, impact and growth debt focused on the clean-energy transition and decarbonisation. With 62 professionals in Paris, London and New York, Rivage has deployed EUR 9.2 billion across more than 300 private credit financings. AXA IM Prime acquired a 20% GP stake in July 2024.

AUM
€8.3B
Funds
4
vintages 2017–2024
Portfolio
12
Exits
0

Rivage Investment is a Paris private equity firm with €8.3B AUM and 12 active companies.

Key takeaways
  • ·Top sector focus: Energy (42% of portfolio).
  • ·Fund cadence: ~2Y between vintages · last raise 2024.

Sector breakdown

12 companies
Energy
5 · 42%
ClimateTech
3 · 25%
Healthcare
2 · 17%
TMT
1 · 8%
Mobility
1 · 8%

Geography breakdown

9 geographies
Germany
3 · 25%
France
2 · 17%
Austria
1 · 8%
Italy
1 · 8%
UK
1 · 8%
Spain
1 · 8%
Israel
1 · 8%
Estonia
1 · 8%

Key facts

HQParis, France
Founded2010
Employees62+

Recent exits

No exits recorded yet.

Coverage notes

4 funds tracked, 12 portfolio companies (12 active · 0 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

Every fund Rivage Investment has raised, with its portfolio companies. Hand-checked from public filings.

4 funds
Rivage Euro Debt Infrastructure HR 3 (REDI HR 3)
Private Debt2024€1.5B7 assets

Unrealized

7 held
CompanyEntry
Enery
ClimateTech · Austria
2025
Heygaz
ClimateTech · France
2026
Hippocrates
Healthcare · Italy
2025
ib vogt
Energy · Germany
2023
nLighten
TMT · UK
2026
Pelion New Energy
ClimateTech · Germany
2025
Verdalia Bioenergy
Energy · Spain
2025
Rivage Private Debt - Fund for Infrastructure Climate Solutions
Private Debt2023€300M2 assets

Unrealized

2 held
CompanyEntry
Econergy Renewable Energy
Energy · Israel
2024
Zeplug
Mobility · France
2024
Rivage Euro Debt Infrastructure HR 2 (REDI HR 2)Closed
Private Debt2021€745M2 assets

Unrealized

2 held
CompanyEntry
MaxSolar
Energy · Germany
2023
Sunly
Energy · Estonia
2024
Rivage Euro Debt Infrastructure HR 1 (REDI HR 1)Closed
Private Debt2017€400M1 assets

Unrealized

1 held
CompanyEntry
Vivalto Home Belgium
Healthcare · Belgium
2017

Frequently asked questions

How many portfolio companies does Rivage Investment have?
Rivage Investment has 12 active portfolio companies and 4 funds tracked on GP Intel.
Where is Rivage Investment headquartered?
Rivage Investment is headquartered in Paris, France.
What is Rivage Investment's assets under management?
Rivage Investment manages approximately €8.3B in assets under management.
When was Rivage Investment founded?
Rivage Investment was founded in 2010.
What sectors does Rivage Investment invest in?
Rivage Investment invests across Energy, Business Services, Financials.
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Last updated July 2026 · Sourced from public filings · Report an issue