La Financiere Patrimoniale d'Investissement

What La Financiere Patrimoniale d'Investissement does

LFPI is a privately held, independent multi-strategy alternative asset management group founded in 2002 and headquartered in Paris, France. The group operates across five complementary business lines — private equity (direct and fund-of-funds), private debt, real estate (via Foncière LFPI Europe / FLE), listed asset management, and private banking/family office (via the 2021 Meeschaert acquisition) — collectively managing over EUR 27 billion in assets under management with nearly 400 professionals across 10 offices in Europe, the United States, and Hong Kong. LFPI targets European institutional investors and high-net-worth private clients through direct institutional sales and the Meeschaert branch network, while its mid-market private equity division (LFPI Gestion) has completed 100+ direct equity investments and EUR 3+ billion deployed across SMEs and mid-cap companies in France, Germany, and Europe.

The group has pursued a buy-and-build growth strategy, completing acquisitions of Amilton AM (2019), the Meeschaert Group (2021), Mandarine Gestion (2023), and Auda (2023), while also retaining controlling stakes in mid-market operating companies across diversified sectors including beverage distribution (Montaner Pietrini Boissons), running retail (i-Run), defense electronics (Atermes, Crouzet), opinion research (IFOP), education (Skolae), IT services (Métaline), and a 70+ hotel hospitality portfolio under the LFPI Hôtels Gestion and Timhotel brands. Revenue is generated through subscription management fees on AUM (across closed-end funds, listed asset management, and private banking mandates), performance fees/carried interest on successful realizations, and direct operating revenue from hotel assets. The group is structured as a French SAS (Société par Actions Simplifiée) with EUR 442,938,080 in share capital and operates under AMF/ACPR supervision, having signed the UNPRI in 2012 and the International Climate Initiative in 2019.

Name

La Financiere Patrimoniale d'Investissement

Legal name

LFPI La Financière Patrimoniale d'Investissement

Website

http://www.lfpi.fr/

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

LFPI is an independent French multi-strategy alternative asset manager managing EUR 27+ billion in AUM across private equity, private debt, real estate, listed asset management, and private banking for European institutional and high-net-worth clients, operating from 10 offices across Europe, the US, and Asia.

Ownership category

akta.pro rank

Product category

Alternative Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Agencies, Brokerages, and Other Insurance Related Activities (5242), Other Financial Vehicles (525990)

SIC

Investment Advice (6282)

akta.pro primary industry

Multi-Strategy — Single-Manager, Multi-PM (FSAHAFAB)

akta.pro secondary industries

Managed Platforms & Wrap Programs for Private Clients (Model Portfolios, UMA/SMAs) (FSAAABAM), Private Banking Advisory & Discretionary Portfolio Management (FSABADAD), Private Markets Fund of Funds (PE / VC / Private Credit FoF) (FSAHAKAF)

Keywords

• Alternative asset management
• Private equity funds
• Private debt financing
• Real estate investment
• Private banking services

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices20 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Asset Management Fees: Management fees charged on assets under management across private equity funds, private debt funds, real estate vehicles, and asset management mandates. The group manages over EUR 27 billion in assets.
2. Performance Fees / Carried Interest: Performance-based fees from successful fund realizations in private equity and private debt portfolios.
3. Private Banking / Wealth Management: Revenue from the Meeschaert private banking and family office operations acquired in 2021.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

LFPI is an independent, multi-strategy alternative asset manager that invests and manages capital across private equity (LFPI Gestion), private debt, real estate (Foncière LFPI Europe), listed asset management, and private banking & family office (Meeschaert). The group manages more than EUR 27 billion in assets on behalf of European institutional investors and private clients through diversified vehicles, with a 20+ year track record and ESG-focused investment approach.

Product overview

La Financiere Patrimoniale d'Investissement (LFPI Group) is a mid-market independent asset management group offering a diversified range of investment products and services. The core portfolio includes Private Equity and Private Debt operations targeting SMEs and mid-cap companies, a Real Estate division through Fonciere LFPI Europe (FLE) focused on commercial properties, and Asset Management services encompassing fund management across multiple asset classes. The group also provides Private Banking and Family Office services for high-net-worth clients. LFPI's fund offerings include the FCPR LFPI Private Equity Midcap, while its hospitality operations include the Timhotel brand. Growth has been achieved through strategic acquisitions including Mandarine Gestion (2023), Auda (2023), Meeschaert Group (2021), and Amilton AM (2019).

Differentiator

Problem solved

Functional benefit

Brands

• Timhotel: Mid-range hotel brand owned by LFPI for hotels in Paris
• Foncière LFPI Europe (FLE)
• Mandarine Gestion
• Meeschaert Asset Management
• Meeschaert Gestion Privée

Products and services

• Private Equity (LFPI Gestion)
• Private Debt
• Foncière LFPI Europe (FLE)
• Meeschaert Asset Management
• Meeschaert Gestion Privée
• Mandarine Gestion
• Auda
• Amilton AM
• FCPR LFPI Private Equity Midcap
• Timhotel
• LFPI Hôtels Gestion

Quantifiable outcome

• EUR 27+ billion in assets under management
• +5 more outcomes

Named customers23 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core and minor.

• Mandarine GestioncoreStrategic or Co-development Partner · 1 January 2023Acquisition of Mandarine Gestion in 2023 as external growth in asset management; integrated as one of the group's brands alongside Meeschaert AM and Meeschaert Gestion Privée
• AudaminorStrategic or Co-development Partner · 1 January 2023Acquisition of Auda in 2023 as external growth in indirect private equity (fund of funds); expands the fund of funds capabilities alongside the LFPE fund of funds business established in 2006
• TowerBrook Capital PartnersminorOthers · 7 June 2021TowerBrook Capital Partners acquired the Uperio group from LFPI (alongside Sofina and Gigarant), marking an exit. Uperio was a global leader in tower crane solutions, a portfolio company LFPI had controlled since 2019.
• Andera Partners and AfricInvestminorOthers · 26 April 2021Andera Partners and AfricInvest acquired the Groupe Spengler Holtex from LFPI, marking an exit of a portfolio company. This represents a successful exit from LFPI's portfolio rather than a partnership.
• Meeschaert GroupcoreStrategic or Co-development Partner · 1 April 2021Acquisition of Meeschaert Group (Meeschaert Asset Management, Meeschaert Gestion Privée, Financière Meeschaert) completed April 1, 2021. Expands LFPI into private banking and family office services, adding EUR 12 billion in AUM and 300 employees. Brings complementary expertise in listed assets alongside LFPI's alternative investment focus.
• Accor, Louvre Hôtels, InterContinental Hotels Group, Best Western, ChoicecoreChannel Partner/ Reseller/ Distributor · 1 January 2021Hotel operators and franchisors for the LFPI hotel portfolio. LFPI owns and operates hotels marketed through these brands. The group also developed its own Timhotel brand for Paris properties. LFPI has invested several hundred million euros in hospitality, acquiring 80+ hotels with nearly 7,000 rooms and EUR 160M in revenue.
• Altro finance & Insurance (AFI)minorStrategic or Co-development Partner · 17 July 2020Strategic partnership with AFI to develop WILINK Insurance and Elitis Insurance businesses in Belgium. LFPI took majority stake while AFI retained significant minority. Both joined by management as co-shareholders.
• Amilton AMminorStrategic or Co-development Partner · 1 January 2019Acquisition of Amilton AM in 2019 as organic and external growth in asset management, expanding LFPI's asset management capabilities before subsequent acquisitions of Meeschaert and Mandarine Gestion
• FLE fonds de fonds (Foncière LFPI Europe)coreOthers · 1 January 2006Established in 2006 as organic growth in indirect private equity through the fund of funds vehicle FLE, expanding the group's private equity indirect strategy across European and American markets

Scale indicators30 records

Recent moves15 records

Expansion highlights6 records

Direct peers

• Ardian: One of Europe's largest independent multi-strategy alternative asset managers with EUR 150B+ AUM across PE, private debt, real estate, and infrastructure. Directly comparable to LFPI in multi-strategy scope, French/European roots, and institutional investor base.
• Eurazeo: Paris-based listed investment firm with EUR 35B+ AUM across private equity, private debt, real estate, and asset management. Closely comparable to LFPI in multi-strategy French alternative AM, mid-market focus, and private banking offerings.
• Tikehau Capital: Paris-based alternative asset manager with EUR 50B+ AUM across private debt, private equity, real estate, and capital markets strategies. Highly comparable to LFPI in multi-strategy structure and French institutional/private banking focus.
• LBO France: Paris-based private equity firm operating across mid-market buyouts, venture, real estate, and private debt. Directly comparable to LFPI in French mid-market PE focus, multi-strategy structure, and institutional LP base.
• Siparex: Lyon-based independent mid-market private equity group with PE, private debt, and private banking capabilities. Comparable to LFPI in regional French roots, mid-market investment focus, and having previously co-invested with LFPI (Metaline transaction).
• Andera Partners: Paris-based private equity firm focused on mid-market buyouts, growth capital, and private debt. Comparable to LFPI in French mid-market PE focus, with similar deal sizes and LP base; Andera was a successor buyer of LFPI's Spengler Holtex portfolio company.

Broad incumbents

• Bpifrance: French state-owned investment bank managing EUR 100B+ across direct PE, private debt, and innovation financing. Overlaps with LFPI in mid-market French PE focus; co-invested with LFPI in the i-Run consortium.
• Amundi: Europe's largest asset manager with EUR 2T+ AUM including significant alternatives capabilities. Broadly comparable to LFPI's Meeschaert/Mandarine asset management franchises but at vastly larger scale and broader scope.
• CVC Capital Partners: Global private equity and credit manager with EUR 200B+ AUM. Broadly comparable to LFPI in multi-strategy PE, private debt, and institutional investor focus, though at materially larger scale and global scope.

Regional players

• 3i Group: London-listed mid-market private equity and infrastructure investor with EUR 15B+ AUM. Comparable to LFPI in mid-market PE focus and European institutional LP base, though serving predominantly UK and Northern European markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/lfpi-group

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries10 records

Funding overview

Funding rounds

Investors

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

M&A33 records

Investments13 records

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

Frequently asked questions about La Financiere Patrimoniale d'Investissement