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.
SWEN CAPITAL PARTNERS is a growth equity firm based in France with €13.2B AUM, 20 active companies and 3 exits.
- ·3 exits in the last 5 years · consistent DPI cadence.
- ·Fund cadence: ~1Y between vintages · last raise 2025.
Sector breakdown
23 companiesGeography breakdown
9 geographiesKey facts
Recent exits
SWEN CAPITAL PARTNERS sold APF Energy to Schroders Greencoat in 2026.
SWEN CAPITAL PARTNERS sold Optoscale to Insight Partners in 2025 after 4 years.
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.
SWEN Blue Ocean 2VC2025€160M5 assetsVC2025 · 1yr€160M5–
Unrealized
5 held| Company | Entry |
|---|---|
| Expliseat Aerospace & Defence · France | 2025 |
| Negratin Global Services | 2025 |
| Recyclivre | 2026 |
| Sparxell Industrials · UK | 2026 |
| VAM WaterTech | 2025 |
SWEN Impact Fund for Transition 3Infrastructure2024€440M1 assetsInfrastructure2024 · 2yr€440M1–
Unrealized
1 held| Company | Entry |
|---|---|
| Agriodor AgTech · France | 2023 |
SWEN Blue OceanVC2021€170M7 assets1 exitsVC2021 · 5yr€170M71
Unrealized
7 held| Company | Entry |
|---|---|
| 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| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Optoscale AgTech · Norway | 2021 | 2025 | Secondary | Insight Partners | – |
SWEN Impact Fund for Transition 2Infrastructure2021€714M6 assets1 exitsInfrastructure2021 · 5yr€714M61
Unrealized
6 held| Company | Entry |
|---|---|
| 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| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| APF Energy Energy · Netherlands | – | 2026 | Trade Sale | Schroders Greencoat | – |
SWEN Infra Multi-Select 4Infrastructure2021€255M1 assetsInfrastructure2021 · 5yr€255M1–
Unrealized
1 held| Company | Entry |
|---|---|
| EnergieTeam Energy · France | 2023 |
SWEN Impact Fund for TransitionHarvestingInfrastructure2019€175M0 assets1 exitsInfrastructure2019 · 7yr€175M01
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Waga Energy ClimateTech · France | 2021 | 2025 | Trade Sale | EQT | – |
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.
Similar firms
Other private equity firms tracked on GP Intel.