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SWEN CAPITAL PARTNERS

SWEN CAPITAL PARTNERS

SWEN Capital Partners is a French responsible investor in private markets, headquartered in Paris and majority-owned by Aéma Groupe (formerly OFI Asset Management). Founded in 2015 from the combination of OFI AM private equity team and LBO France multi-management, SWEN manages €13.2bn across fund-of-funds (PE Select Europa series), impact infrastructure (SWEN Impact Fund for Transition for renewable gas), impact venture (SWEN Blue Ocean for ocean sustainability), regional growth (SWEN Territoires Innovants for French regions) and direct co-investment.

AUM
€13.2B
Funds
6
vintages 2019–2025
Portfolio
20
Exits
3

SWEN CAPITAL PARTNERS is a growth equity firm based in France with €13.2B AUM, 20 active companies and 3 exits.

Key takeaways
  • ·3 exits in the last 5 years · consistent DPI cadence.
  • ·Fund cadence: ~1Y between vintages · last raise 2025.

Sector breakdown

23 companies
Energy
5 · 22%
ClimateTech
4 · 17%
AgTech
3 · 13%
Industrials
2 · 9%
FoodTech
2 · 9%
Aerospace & Defence
1 · 4%
E-commerce
1 · 4%
Mobility
1 · 4%

Geography breakdown

9 geographies
France
8 · 35%
UK
3 · 13%
Norway
2 · 9%
Netherlands
2 · 9%
Tunisia
1 · 4%
Spain
1 · 4%
US
1 · 4%
Italy
1 · 4%

Key facts

HQFrance
Founded2015

Recent exits

APF Energy

SWEN CAPITAL PARTNERS sold APF Energy to Schroders Greencoat in 2026.

Optoscale

SWEN CAPITAL PARTNERS sold Optoscale to Insight Partners in 2025 after 4 years.

Waga Energy

SWEN CAPITAL PARTNERS sold Waga Energy to EQT in 2025 after 4 years.

Coverage notes

6 funds tracked, 23 portfolio companies (20 active · 3 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

Every fund SWEN CAPITAL PARTNERS has raised, with its portfolio companies. Hand-checked from public filings.

6 funds
SWEN Blue Ocean 2
VC2025€160M5 assets

Unrealized

5 held
CompanyEntry
Expliseat
Aerospace & Defence · France
2025
Negratin Global Services2025
Recyclivre2026
Sparxell
Industrials · UK
2026
VAM WaterTech2025
SWEN Impact Fund for Transition 3
Infrastructure2024€440M1 assets

Unrealized

1 held
CompanyEntry
Agriodor
AgTech · France
2023
SWEN Blue Ocean
VC2021€170M7 assets1 exits

Unrealized

7 held
CompanyEntry
Le Drive Tout Nu
E-commerce · France
2025
MiAlgae
FoodTech · UK
2024
nextProtein
AgTech · Tunisia
2025
Noray Seafood
FoodTech · Spain
2022
OceanWings
Mobility · France
2023
Tidal Vision
Industrials · US
2024
WSense
TMT · Italy
2023

Realized

1 exit
CompanyEntryExitTypeBuyerMOIC
Optoscale
AgTech · Norway
20212025SecondaryInsight Partners–
SWEN Impact Fund for Transition 2
Infrastructure2021€714M6 assets1 exits

Unrealized

6 held
CompanyEntry
Arcadia eFuels
ClimateTech · Denmark
2023
CVE Biogaz
Energy · France
2022
ETFuels
ClimateTech · UK
2023
Newheat
ClimateTech · France
2023
Sustainable Fuel Plant Group
Energy · Netherlands
2022
Vireo
Energy · Norway
2023

Realized

1 exit
CompanyEntryExitTypeBuyerMOIC
APF Energy
Energy · Netherlands
–2026Trade SaleSchroders Greencoat–
SWEN Infra Multi-Select 4
Infrastructure2021€255M1 assets

Unrealized

1 held
CompanyEntry
EnergieTeam
Energy · France
2023
SWEN Impact Fund for TransitionHarvesting
Infrastructure2019€175M0 assets1 exits

Realized

1 exit
CompanyEntryExitTypeBuyerMOIC
Waga Energy
ClimateTech · France
20212025Trade SaleEQT–

About SWEN CAPITAL PARTNERS

SWEN Capital Partners is a French responsible investor in private markets with €13.2 billion of assets under management as of December 2024, headquartered in Paris. Founded in 2015 from the combination of OFI AM private markets activities with Aréas Vie team, the firm is majority-owned by Aéma Groupe (the mutualist group resulting from the merger of Macif, Aésio and AGPM) and operates across fund-of-funds, co-investments and direct strategies with a strong responsible investment thesis embedded across the platform.

Investment thesis

SWEN deploys capital across complementary strategies including fund-of-funds positions in European mid-market private equity, direct co-investments alongside lead sponsors, infrastructure equity with energy transition focus, and impact-themed vehicles addressing climate and societal challenges. The platform allocates across sectors including Energy, AgTech, FoodTech, Mobility and Industrials with selective exposure to E-commerce. The responsible investment framework, articulated through ESG criteria integrated across origination, due diligence and portfolio monitoring, distinguishes SWEN from generalist private markets investors and aligns the platform with mutualist limited partner expectations.

Recent activity

Recent realised exits include Optoscale (AgTech, 2025) and Waga Energy (energy, 2025), reflecting selective distribution activity across the direct co-investment portfolio. The platform tracks 5 funds and 13 active portfolio companies, with the bulk of AUM deployed through fund-of-funds positions providing diversified exposure across European private markets rather than direct ownership.

Frequently asked questions

What investment strategy does SWEN CAPITAL PARTNERS focus on?
SWEN CAPITAL PARTNERS focuses on Growth, VC strategies in the private equity space.
How many portfolio companies does SWEN CAPITAL PARTNERS have?
SWEN CAPITAL PARTNERS has 20 active portfolio companies and 3 completed exits and 6 funds tracked on GP Intel.
Where is SWEN CAPITAL PARTNERS headquartered?
SWEN CAPITAL PARTNERS is headquartered in France.
What is SWEN CAPITAL PARTNERS's assets under management?
SWEN CAPITAL PARTNERS manages approximately €13.2B in assets under management.
When was SWEN CAPITAL PARTNERS founded?
SWEN CAPITAL PARTNERS was founded in 2015.
What sectors does SWEN CAPITAL PARTNERS invest in?
SWEN CAPITAL PARTNERS invests across Energy, Industrials, Consumer.
What are SWEN CAPITAL PARTNERS's recent exits?
Recent realized exits by SWEN CAPITAL PARTNERS include: APF Energy (2026) to Schroders Greencoat; Optoscale (2025) to Insight Partners; Waga Energy (2025) to EQT.
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Last updated October 2026 · Sourced from public filings · Report an issue