Eiffel Investment Group

What Eiffel Investment Group does

Eiffel Investment Group is a Paris-headquartered alternative asset manager founded in 2009 that manages approximately €8 billion in assets under management across four complementary strategies: private debt (notably impact-linked via its proprietary Covenants d'Impact®), energy transition infrastructure, private equity, and listed equities & credit. The firm operates from six offices across France, the Netherlands, Italy, Poland, the United States, and the United Arab Emirates with roughly 110 professionals. Its core differentiating technology is the Covenants d'Impact® framework — in use since 2019 and applied to more than 290 financings — which embeds measurable environmental and social targets into loan terms and modulates interest rates based on issuer performance, supported by an in-house Sustainability and Impact Innovation Center (SI2C) and an onboarding toolkit called Pack Eiffel.

The firm serves a dual client base: institutional asset owners (insurers, mutuals, pension funds, banks, large family offices, and public investors such as the EIB, BGK, and EIF) that commit capital across closed- and open-ended vehicles, and a long tail of European SMEs, mid-caps, and renewable energy developers (114+ active relationships, 5,434 projects financed, 24 GW capacity) seeking financing that is not well served by traditional bank lending. Revenue is generated primarily through recurring management fees on AUM (e.g., 1.10% on Eiffel Rendement 2030 Part R, 2.20% on Eiffel NOVA Europe ISR Part A, 0.12% on Eiffel Short Term Green Bonds Part F), performance fees typically set at 10% of outperformance versus target or benchmark, entry/subscription fees on retail-accessible funds, and one-off origination and structuring fees on direct lending and infrastructure transactions. Distribution combines direct institutional sales with multi-channel retail/wealth networks — including insurance wrappers at CNP Assurances, Macif, MAIF, and Harmonie Mutuelle/VYV — and partnerships such as the Van Lanschot Kempen BeNeLux private debt program (€220M launch toward €500M target).

Eiffel is a privately held independent firm majority-backed by the Impala group of French entrepreneur Jacques Veyrat. Recent milestones include the €1.2 billion hard-cap close of Eiffel Energy Transition III in December 2025, a €500 million-plus first close of Eiffel Impact Debt III in June 2026 (targeting €1 billion), a €100 million EIB commitment for SME energy efficiency in February 2026, and the launch of multiple new vehicles including Eiffel Short Term Green Bonds (April 2026), Eiffel Entrepreneurs (June 2025), and Eiffel Private Credit with CNP Assurances (September 2025).

Name

Eiffel Investment Group

Legal name

Eiffel Investment Group SAS

Website

https://eiffel-ig.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

101–250 employees

Short description

Eiffel Investment Group is a Paris-based alternative asset manager with approximately €8 billion AUM across private debt, energy transition infrastructure, private equity, and listed credit. It serves institutional investors and European SMEs via its proprietary Covenants d'Impact® impact-linked financing framework.

Ownership category

akta.pro rank

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Management fees on assets under management: Recurring management fees charged on assets under management across private debt, infrastructure, private equity, and listed equities & credit strategies (e.g., 1.10% for Eiffel Rendement 2030 Part R, 2.2% for Eiffel NOVA Europe ISR Part A, 0.12% for Eiffel Short Term Green Bonds Part F).
2. Performance fees: Performance-based fees typically set at 10% of outperformance vs. target/benchmark, charged on most open-ended and closed-ended funds (e.g., Eiffel Rendement 2030 target 3.7% annual net, Eiffel NOVA Europe ISR vs. MSCI Europe Small Cap, Eiffel High Yield Low Carbon vs. Bloomberg Pan-European HY).
3. Subscription and entry fees: One-off subscription/redemption fees charged on fund units (e.g., 1.5% max for Eiffel Rendement 2030, 4% max for Eiffel NOVA Europe ISR, 5% max for Eiffel Short Term Green Bonds Part F).
4. Origination/structuring fees on direct lending and infrastructure deals: Deal-by-deal structuring, arrangement, and participation fees on private debt, infrastructure, and private equity transactions (e.g., 174M€ unitranche for RP Global's Wałcz wind farm, 323M€ facility for Power Capital Renewable Energy, 300M€ financing for Amarenco).

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels9 records

Core offering

Eiffel Investment Group is a Paris-based alternative asset manager operating four complementary strategies — private debt (including impact-linked debt via Covenants d'Impact®), energy transition infrastructure (debt and equity in renewable energy, storage, and biomethane projects), private equity (development capital for energy transition champions), and listed equities & credit (fixed-maturity bond funds, SRI equity, and green bond funds). The firm manages approximately €8 billion of AUM across institutional and private investor channels, applying a proprietary ESG framework (Covenants d'Impact®, Pack Eiffel, SI2C) to integrate measurable impact into financing terms.

Product overview

Eiffel Investment Group operates a multi-strategy asset management platform rather than a single product, organized around four complementary strategies: Private Debt (impact private debt and direct lending funds such as Eiffel Impact Debt III, Eiffel Impact Direct Lending, Eiffel Private Credit, MAIF Dette à Impact, Nov Santé Dette Non Cotée), Energy Transition Infrastructure (debt and equity funds such as Eiffel Energy Transition III, Eiffel Transition Infrastructure, Eiffel Infrastructures Vertes, and the dedicated Galia Green Power biomethane platform), Private Equity (Eiffel Essentiel, Eiffel Entrepreneurs, the ALTO FCPI/FCPR retail range, the regional Fonds Île-de-France Décarbonation, and the Eiffel-SMAIO capital increase), and Listed Equities & Credit (Eiffel Rendement 2030 and Eiffel Rendement 2028 fixed-maturity bond funds, Eiffel High Yield Low Carbon, Eiffel Short Term Green Bonds, Eiffel NOVA Europe ISR, and Harmonie Mutuelle Emplois France). The infrastructure equity/debt arms underwrite and co-develop renewable energy, battery storage and biomethane projects in Europe (e.g., R.Power BESS in Romania, Svea Solar Utility in Sweden, Enfinity Global in the US, Decade Energy, Equisolar, Enerparc, Power Capital, BTS biomethane plants in Italy) while the listed credit and private debt arms originate corporate loans and bonds (e.g., Simaero, Hoffmann Green Cement, SMAIO, Enfinity Global bond facility, HysetCo, Electra, OpenAirlines, b:bot, mylight150, Citron, SCorp-io). The platform is unified by an in-house ESG framework, including the proprietary Covenants d'Impact® mechanism, the "Pack Eiffel" onboarding kit for portfolio companies, the Sustainability and Impact Innovation Center (SI2C), and classification of most funds under SFDR Article 8 or 9, with several funds carrying additional labels (ISR, B Corp, LuxFLAG Social Impact, Label Relance, Eltif 2.0).

Differentiator

Problem solved

Functional benefit

Brands

• Eiffel Rendement 2030: Fixed-maturity euro bond fund with maturity 31 December 2030, eligible for life insurance.
• Eiffel Rendement 2028
• Eiffel High Yield Low Carbon
• Eiffel Short Term Green Bonds
• Eiffel NOVA Europe ISR
• Eiffel Energy Transition III
• Eiffel Transition Infrastructure
• Eiffel Impact Direct Lending
• Eiffel Impact Debt III
• Eiffel Infrastructures Vertes
• Eiffel Private Credit
• Eiffel Entrepreneurs
• Eiffel Essentiel
• Fonds Île-de-France Décarbonation
• ALTO
• Harmonie Mutuelle Emplois France
• MAIF Dette à Impact d'Eiffel Investment Group
• Nov Santé Dette Non Cotée
• Eiffel Gaz Vert
• Galia Green Power

Products and services

• Eiffel Rendement 2030 Euro-denominated open-ended FCP implementing a buy-and-hold strategy on a diversified portfolio of corporate bonds maturing by 30 December 2032. Targets annualized net performance above 3.7% (Part R) over its life to 31 December 2030, with ESG analysis integrated into bond selection. Classified Article 8 SFDR. Distributed via insurance wrappers (assurance vie) and the wealth-management network.
• Eiffel Rendement 2028 Euro-denominated fixed-maturity bond FCP implementing a buy-and-hold strategy on a diversified portfolio of corporate bonds with targeted maturity end-2028. Closed to new subscription after crossing the €100M AUM mark one year post-launch.
• Eiffel High Yield Low Carbon Discretionary high yield bond FCP that systematically integrates climate transition risk into credit analysis. Can invest up to 100% of net assets in speculative-grade bonds (up to 15% below CCC+), up to 10% in non-OECD/emerging issuers. Classified Article 8 SFDR; benchmark Bloomberg Pan-European High Yield Index. Managed by Emmanuel Weyd and Guillaume Truttmann.
• Eiffel Short Term Green Bonds Short-duration euro-denominated OPCVM classified Article 9 SFDR, investing at least 75% of assets in green bonds issued primarily by Investment Grade issuers in developed countries. Interest rate sensitivity 0–2, minimum 12-month recommended horizon, targets €STER + 0.10%. Managed by Emmanuel Weyd and Guillaume Truttmann.
• Eiffel NOVA Europe ISR SRI-labelled European equity fund created in 2013, eligible for PEA/PEA-PME/life insurance. Invests mainly in EU small and mid-cap equities (>€150M market cap) via stock-picking with extra-financial (ESG) analysis. Recommended horizon >5 years. Benchmark: MSCI Europe Small Cap. Managed by Bastien Jallet and Antoine Poirier.
• Harmonie Mutuelle Emplois France Diversified SRI-labelled FCP created in 1995 at the initiative of Harmonie Mutuelle (Groupe VYV), managed by Eiffel since 1 December 2019. Invests 50–100% in euro bonds/money-market instruments and up to 50% in French and European equities, targeting companies that create or preserve employment in France. Part S reserved for VYV entities.
• Eiffel Impact Debt III SICAV-RAIF impact private debt fund targeting €1 billion to finance 40–50 European mid-caps (ETI) via senior secured debt with moderate leverage. Each financing includes Covenants d'Impact® linked to three axes: temperature reduction, ecosystem preservation, and diversity. Reserved for professional investors. Managed by Antoine Maspétiol with Marie Bursaux and André Gonçalves.
• Eiffel Energy Transition III Third vintage of Eiffel's flagship energy transition infrastructure debt fund, closed at €1.2 billion hard cap (vs. €1 billion target). Provides short-term flexible debt bridging equity and long-term project finance to renewable energy developers across Europe, with a project pipeline exceeding €1.5 billion.
• Eiffel Impact Direct Lending (EIDL) Direct lending fund dedicated to European SMEs, focused on impact-driven projects in climate engineering, healthcare and software. Surpassed 40% deployment in 2025 with a €10.5 million investment in Italy (December 2025), committing nearly €60M across seven transactions. Benefits from European Investment Fund and InvestEU support.
• Eiffel Transition Infrastructure Professional infrastructure fund that provides debt, quasi-equity and equity to renewable energy, storage and biomethane infrastructure projects across Europe. Benefits from European Union support via the European Investment Fund and InvestEU. Used as the deployment vehicle for investments in Decade Energy, Equisolar and others.
• Eiffel Infrastructures Vertes Evergreen non-listed infrastructure fund dedicated to energy transition assets, benefiting from ELTIF 2.0 approval (March 2025) and exceeding €500 million in AUM as of 18/06/2025. Awarded 'preferred non-listed evergreen fund' by wealth management advisors in the 2024 Pyramides / Investissement Conseils ranking.
• Eiffel Essentiel Private equity fund financing growth-stage champions in the energy transition, sustainable mobility, circular economy and new materials. Holds the Label Relance. Has invested in companies such as Electra, Evergaz, mylight150, Reforest'Action, Volta, HysetCo, OpenAirlines, b:bot and iSYBUY.
• Gamme ALTO (ALTO Innovation FCPI/FCPR) Range of FCPI/FCPR funds that makes Eiffel's private equity expertise accessible to private investors and wealth managers since 2001. Holds the Label Relance. Distributed via private banks and wealth-management advisors across France.
• Eiffel Private Credit Private credit fund dedicated to private clients, launched in September 2025 to finance European SMEs and mid-caps, with the support of CNP Assurances. Makes Eiffel's private debt expertise accessible to retail/wealth distribution networks.
• Eiffel Entrepreneurs Capital development (private equity) fund eligible for the French 150-0 B ter tax regime, supporting innovative growth companies. Available to private investors and wealth-management clients.
• MAIF Dette à Impact Impact private debt fund for MAIF, one of the first European funds to obtain the LuxFLAG Social Impact label (16 April 2025). Provides impact private debt financing with measurable ESG Covenants.
• Nov Santé Dette Non Cotée Private debt fund dedicated to French SMEs and mid-caps (ETI), having implemented 24 impact financings focused on healthcare and life sciences.
• Fonds Île-de-France Décarbonation FPCI launched by the Île-de-France Region and managed by Eiffel Investment Group to finance Île-de-France startups and SMEs developing decarbonisation solutions. Has reached €115 million in commitments. Already backed Dametis (€7M), Elum Energy (€3.5M) and SCorp-io (€5M).
• Eiffel-Van Lanschot Kempen Green Private Debt Fund €220m evergreen private debt fund launched with Van Lanschot Kempen, targeting €500m total. Finances energy projects and European SMEs aligned with sustainability goals; attracts Dutch pension fund commitments.
• Eiffel Gaz Vert Renewable gas (biomethane/syngas) infrastructure fund financing multiple Italian and Polish biomethane plants, including a €208M Deutsche Bank financing for 10 BTS DevCo plants.

Quantifiable outcome

• 10 million tonnes of CO2e emissions avoided through 2024 financing activities
• +6 more outcomes

Named customers44 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature4 records

Partnerships

16 partnerships are on record, tiered core, flagship, moderate and minor.

• Van Lanschot KempencoreStrategic or Co-development Partner · 29 October 2025Co-developed a BeNeLux evergreen impact debt programme with a total target of €500M, initially launched at €220M in October 2025. The partnership channels Dutch pension fund commitments into energy projects and SMEs in Europe.
• Impala Group (Jacques Veyrat)flagshipStrategic or Co-development PartnerParent and strategic shareholder of Eiffel Investment Group, controlled by entrepreneur Jacques Veyrat (very active in clean energies). The Impala shareholding underpins Eiffel's industrial DNA and long-term investment horizon; referenced on the corporate website as the group 'cultivates a strong industrial expertise, in particular in the field of the energy transition.'
• Carbon4 FinancemoderateStrategic or Co-development PartnerCo-developed with Eiffel the first private debt asset temperature methodology, deployed in Eiffel Impact Debt II (5 July 2023). The methodology enables Eiffel's impact debt funds to measure portfolio temperature alignment.
• Université Paris-Sorbonne Abu DhabiminorStrategic or Co-development PartnerCo-created the Institute for Sustainable Finance with Eiffel Investment Group (announced 30/11/2023) to support sustainable finance research and education in the UAE region.
• BTS DevCocoreStrategic or Co-development PartnerCo-developer with Eiffel (Eiffel Gaz Vert fund) of multiple Italian biomethane plants: €35M in 3 plants (24/09/2025), €40M for 2 plants conversion (22/07/2025), €50M boost (30/10/2024), and €208M Deutsche Bank financing for 10 plants (29/05/2025).
• Enfinity Global Inc.coreStrategic or Co-development PartnerBond facility with Eiffel expanded from €100M to €155M ($183M) and extended to the U.S. (12/02/2026), to support solar PV and BESS deployment; this is the second transaction within one year.
• R.Power S.A.coreStrategic or Co-development PartnerCo-developer with Eiffel of the 127 MW / 254 MWh Scornicești BESS in Romania; Eiffel acquired a 49.9% equity stake in October 2025; the pair have an existing partnership to develop more than 1 GWp of PV projects in Romania (26/07/2023).
• Landinfra EnergycoreStrategic or Co-development PartnerExpanded partnership (12/06/2026) to co-develop more than 1 GW of solar and battery storage capacity in Norway (886 MW solar PV + 177 MW BESS, €700M+ total investment). Builds on the existing collaboration since 2024 in Sweden for up to 1.8 GW.
• GEN-IminorStrategic or Co-development PartnerExclusive asset optimiser and trading partner for the 127 MW/254 MWh Scornicești BESS, managing commercial optimisation across wholesale power and ancillary services markets for a profit share and guaranteed minimum revenue (signed 04/02/2026).
• Concept SolmoderateStrategic or Co-development PartnerIndustrial JV partner with Eiffel Transition Infrastructure to form Equisolar (2024), a platform developing rooftop solar projects (targeting ~30 MWc across ~70 sites in Northern France, including equestrian centers).
• Région Île-de-FrancemoderateStrategic or Co-development PartnerInitiator of the Fonds Île-de-France Décarbonation, managed by Eiffel (since 19/02/2025); the fund reached €115M of commitments with the entry of EIF and CCI Paris Île-de-France in June 2026.
• CCI Paris Île-de-FrancemoderateStrategic or Co-development PartnerJoined the Fonds Île-de-France Décarbonation as institutional investor (17/06/2026), bringing the fund to €115M to support Île-de-France decarbonation SMEs.
• GRDF and EDFminorStrategic or Co-development PartnerEnergy partners (énergéticiens) within the Fonds Île-de-France Décarbonation ecosystem, sharing the ambition of accelerating French and European decarbonation through the support of innovative SMEs.
• Envolve CapitalmoderateStrategic or Co-development Partner€20M debt financing from Eiffel to support Baltic and Central European energy transition fund management; partner for joint acceleration of energy transition in Central and Eastern Europe (announced 07/04/2025).
• Optima Wind / Green BearminorStrategic or Co-development PartnerPartner with Eiffel to develop more than 1 GW of PV plants and wind farms in Poland (announced 03/10/2023).
• OdelEnergyminorStrategic or Co-development PartnerPartner with Eiffel for joint development of up to 170 MW of small hydropower projects in Norway (announced 17/09/2024).

Scale indicators16 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Mirova: Paris-based affiliate of Natixis Investment Managers focused on sustainable investment across private debt, infrastructure, private equity, and listed strategies. Most direct competitor to Eiffel's multi-strategy impact platform with comparable French institutional LP base, SFDR Article 9 product suite, and energy transition infrastructure origination.
• Tikehau Capital: Paris-listed alternative asset manager with parallel private debt, infrastructure (including energy transition), private equity, and real estate strategies. Directly competes with Eiffel for French and European institutional LPs and mid-cap private debt origination, with a comparable multi-channel distribution model.
• Cube Infrastructure Managers: Luxembourg-based independent infrastructure fund manager focused on European energy transition, transport, and digital infrastructure. Closely comparable to Eiffel's Eiffel Energy Transition III fund in thesis, ticket size, and European institutional LP base.
• Omnes Capital: Paris-based private equity and infrastructure investor (formerly Crédit Agricole Private Equity) with deep mid-cap, renewable energy, and deeptech focus. Competes directly with Eiffel for French institutional LPs and mid-cap transition equity deals.
• Swen Capital Partners: Paris-based sustainable investment manager (subsidiary of OFI Group and Crédit Mutuel Arkéa) with private debt, infrastructure, and private equity strategies focused on energy transition and impact. Directly comparable French impact manager with similar product mix and distribution model.

Broad incumbents

• Eurazeo: Paris-listed global investment company with private debt (IdInvest), infrastructure, and private equity platforms. Overlaps with Eiffel's mid-cap private debt and energy transition strategies at a meaningfully larger scale (€30B+ AUM), serving similar institutional and wealth channels.
• BNP Paribas Asset Management: One of Europe's largest asset managers with growing impact private debt and infrastructure strategies. Provides broader competition for institutional and retail impact capital, with deeper balance sheet and distribution but less thematic specialization than Eiffel.
• Amundi: Europe's largest asset manager with €2T+ AUM and dedicated impact, green bond, and energy transition strategies. Competes with Eiffel for institutional and retail impact flows but at vastly greater scale, offering listed green bond and impact equity products that overlap with Eiffel's listed credit range.

Emerging players

• RGreen Invest: Paris-based specialist in renewable energy infrastructure debt and equity, with a similar impact-linked DNA and European mid-market developer focus. Closely comparable in size and strategy to Eiffel's transition infrastructure franchise, though narrower in product breadth.

Others

• Impala Group: Jacques Veyrat-led private investment group and parent/sponsor of Eiffel Investment Group. Functions as strategic shareholder and capital partner rather than competing manager, but provides context for Eiffel's industrial DNA, clean energy portfolio companies (including Neoen-related investments), and long-term capital base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/eiffel_ig
• YouTubeyoutu.be/Hy8QDfA-12E
• Facebookfacebook.com/EiffelInvestmentGroup
• LinkedInlinkedin.com/company/eiffel-investment-group
• Instagraminstagram.com/eiffel_investment_group

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments51 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eiffel Investment Group