Vauban Infrastructure Partners
Vauban Infrastructure Partners is a Paris-based core infrastructure asset manager founded in 2019 as a spin-off of the infrastructure team of Mirova, operating as an affiliate of Natixis Investment Managers within the BPCE group. It pursues a long-term, yield-driven equity strategy focused on essential brownfield assets across mobility, energy transition, digital infrastructure, social infrastructure and public-private partnerships. The firm manages more than 8.8 billion euros of assets across a family of core infrastructure funds, with over 80 assets and offices in Paris, Luxembourg, Munich and New York.
Vauban Infrastructure Partners is a Paris private equity firm with €8.8B AUM, 34 active companies and 1 exit.
- ·Top sector focus: Energy (34% of portfolio).
- ·Fund cadence: ~3Y between vintages · last raise 2024.
Sector breakdown
35 companiesGeography breakdown
14 geographiesKey facts
Recent exits
Vauban Infrastructure Partners exited Aves One in 2024 after 3 years.
Coverage notes
5 funds tracked, 35 portfolio companies (34 active · 1 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Vauban Infrastructure Partners has raised, with its portfolio companies. Hand-checked from public filings.
Core Infrastructure Fund IVClosedInfrastructure2024€2.2B8 assetsInfrastructure2024 · 2yr€2.2B8–
Unrealized
8 held| Company | Entry |
|---|---|
| ALiS Industrials · France | 2004 |
| Arema (Orange Vélodrome) France | 2010 |
| Cellnex Austria Towers Telecom · Austria | 2024 |
| IBYS Industrials · French Guiana, France | 2019 |
| Sarzeau Cloud Infrastructure · France | 2024 |
| SDNET (Project Sirona) Telecom · France | 2025 |
| Vauban Infra Fibre Telecom · France | 2020 |
| Wijster Green Create Energy · Netherlands | 2024 |
Core Infrastructure Fund IIIClosedInfrastructure2021€2.5B13 assets1 exitsInfrastructure2021 · 5yr€2.5B131
Unrealized
13 held| Company | Entry |
|---|---|
| Bluevia Telecom · Spain | 2021 |
| Boreal Mobility · Norway | 2021 |
| Borealis Data Center TMT · Iceland | 2021 |
| Cartier Energy Energy · US | 2022 |
| Coriance Energy · France | 2023 |
| Covage Vauban Infra Fibre Telecom · France | 2020 |
| DB Energy Assets Energy · US | 2022 |
| Icare Business Services · Central and Southern Europe | 2019 |
| Nordic Renewable Power Holding Energy · Norway | 2023 |
| Paprec Energy · France | 2022 |
| Snow Lion Energy · Norway | 2022 |
| Towerlink France TMT · France | 2025 |
| Wascosa Mobility · Switzerland | 2022 |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Aves One Mobility · Germany | 2021 | 2024 | Recapitalization | – | – |
Core Infrastructure Fund IIClosedInfrastructure2018€1.3B8 assetsInfrastructure2018 · 8yr€1.3B8–
Unrealized
8 held| Company | Entry |
|---|---|
| Axione Telecom · France | 2019 |
| Indigo Group Mobility · France | 2019 |
| Loiste Oy Energy · Finland | 2019 |
| Metro de Malaga Mobility · Spain | 2018 |
| Oslofjord Varme Energy · Norway | 2018 |
| Progeni Healthcare · Italy | 2020 |
| Proxiserve Energy · France | 2019 |
| Veneta Sanitaria Finanza di Progetto Healthcare · Italy | 2019 |
Core Infrastructure Fund IClosedInfrastructure2015€700M3 assetsInfrastructure2015 · 11yr€700M3–
Unrealized
3 held| Company | Entry |
|---|---|
| Aton per il Progetto Energy · Italy | 2016 |
| Urbis Park Infrastructures Mobility · France | 2016 |
| ViaExpresso and ViaLitoral Madeira Mobility · Portugal | 2018 |
BTP Impact LocalClosedInfrastructure2013€131M2 assetsInfrastructure2013 · 13yr€131M2–
Unrealized
2 held| Company | Entry |
|---|---|
| Altiservice France | 2019 |
| BioSynErgy Energy · France | 2021 |
Frequently asked questions
- How many portfolio companies does Vauban Infrastructure Partners have?
- Vauban Infrastructure Partners has 34 active portfolio companies and 1 completed exit and 5 funds tracked on GP Intel.
- Where is Vauban Infrastructure Partners headquartered?
- Vauban Infrastructure Partners is headquartered in Paris, France.
- What is Vauban Infrastructure Partners's assets under management?
- Vauban Infrastructure Partners manages approximately €8.8B in assets under management.
- When was Vauban Infrastructure Partners founded?
- Vauban Infrastructure Partners was founded in 2019.
- What sectors does Vauban Infrastructure Partners invest in?
- Vauban Infrastructure Partners invests across Energy, Business Services, TMT, Industrials.
Similar firms
Other private equity firms tracked on GP Intel.