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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

Key facts

Founded2015

Recent exits

APF Energy
APF Energy
Energy2026
Optoscale
Optoscale
AgTech2025 · 4yr hold
Waga Energy
Waga Energy
ClimateTech2025 · 4yr hold

Coverage notes

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

Sector breakdown

23 companies
Energy
8 · 35%
AgTech
3 · 13%
Industrials
2 · 9%
FoodTech
2 · 9%
Aerospace & Defence
1 · 4%
E-commerce
1 · 4%
Mobility
1 · 4%
TMT
1 · 4%

Funds & portfolio

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

6 funds
SWEN Blue Ocean 2VC
2025 · 1yr€160M5 active

Unrealized

5 held
Expliseat
ExpliseatActive
Aerospace & DefenceFrance· Entry 2025
· Entry 2025
RecyclivreActive
· Entry 2026
Sparxell
SparxellActive
IndustrialsUK· Entry 2026
· Entry 2025
SWEN Impact Fund for Transition 3Infrastructure
2024 · 2yr€440M1 active

Unrealized

1 held
Agriodor
AgriodorActive
AgTechFrance· Entry 2023
SWEN Impact Fund for Transition 2Infrastructure
2021 · 5yr€714M6 active · 1 realized

Unrealized

6 held
EnergyDenmark· Entry 2023
CVE Biogaz
CVE BiogazActive
EnergyFrance· Entry 2022
ETFuels
ETFuelsActive
EnergyUK· Entry 2023
Newheat
NewheatActive
EnergyFrance· Entry 2023
EnergyNetherlands· Entry 2022
Vireo
VireoActive
EnergyNorway· Entry 2023

Realized

1 exit
APF Energy
APF EnergyExited 2026
EnergyNetherlands
Trade Saleto
SWEN Infra Multi-Select 4Infrastructure
2021 · 5yr€255M1 active

Unrealized

1 held
EnergieTeam
EnergieTeamActive
EnergyFrance· Entry 2023
SWEN Blue OceanVC
2021 · 5yr€170M7 active · 1 realized

Unrealized

7 held
E-commerceFrance· Entry 2025
MiAlgaeActive
FoodTechUK· Entry 2024
nextProtein
nextProteinActive
AgTechTunisia· Entry 2025
FoodTechSpain· Entry 2022
OceanWings
OceanWingsActive
MobilityFrance· Entry 2023
Tidal VisionActive
IndustrialsUS· Entry 2024
WSenseActive
TMTItaly· Entry 2023

Realized

1 exit
Optoscale
OptoscaleExited 2025
AgTechNorway· Entry 2021
Secondaryto
SWEN Impact Fund for TransitionInfrastructureHarvesting
2019 · 7yr€175M0 active · 1 realized

Realized

1 exit
Waga Energy
Waga EnergyExited 2025
ClimateTechFrance· Entry 2021
Trade Saleto
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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. Detailed buyer names and multiple data available on Pro at €29/month.

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Last updated August 2026 · Sourced from public filings · Report an issue