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Vauban Infrastructure Partners

Vauban Infrastructure Partners

Paris, France·Founded 2019·vauban-ip.com

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.

AUM
€8.8B
Funds
5
vintages 2013–2024
Portfolio
34
Exits
1

Vauban Infrastructure Partners is a Paris private equity firm with €8.8B AUM, 34 active companies and 1 exit.

Key takeaways
  • ·Top sector focus: Energy (34% of portfolio).
  • ·Fund cadence: ~3Y between vintages · last raise 2024.

Sector breakdown

35 companies
Energy
12 · 34%
Mobility
7 · 20%
Telecom
6 · 17%
Industrials
2 · 6%
TMT
2 · 6%
Healthcare
2 · 6%
Cloud Infrastructure
1 · 3%
Business Services
1 · 3%

Geography breakdown

14 geographies
France
15 · 43%
Norway
4 · 11%
Italy
3 · 9%
Spain
2 · 6%
US
2 · 6%
Austria
1 · 3%
French Guiana, France
1 · 3%
Netherlands
1 · 3%

Key facts

HQParis, France
Founded2019
Employees76+

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.

5 funds
Core Infrastructure Fund IVClosed
Infrastructure2024€2.2B8 assets

Unrealized

8 held
CompanyEntry
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 IIIClosed
Infrastructure2021€2.5B13 assets1 exits

Unrealized

13 held
CompanyEntry
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
CompanyEntryExitTypeBuyerMOIC
Aves One
Mobility · Germany
20212024Recapitalization––
Core Infrastructure Fund IIClosed
Infrastructure2018€1.3B8 assets

Unrealized

8 held
CompanyEntry
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 IClosed
Infrastructure2015€700M3 assets

Unrealized

3 held
CompanyEntry
Aton per il Progetto
Energy · Italy
2016
Urbis Park Infrastructures
Mobility · France
2016
ViaExpresso and ViaLitoral Madeira
Mobility · Portugal
2018
BTP Impact LocalClosed
Infrastructure2013€131M2 assets

Unrealized

2 held
CompanyEntry
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.
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Last updated July 2026 · Sourced from public filings · Report an issue