Rivage Investment

Name

Rivage Investment

Legal name

Rivage Investment SAS

Website

https://rivageinvestment.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Infrastructure Debt Management

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259), All Other Financial Investment Activities (52399)

SIC

Investment Advice (6282)

akta.pro primary industry

Specialized/Niche-Vertical RIAs (e.g., Medical, Tech, Executives, Athletes) (FSAAACAL)

akta.pro secondary industries

Values-Based/ESG & Impact-Focused RIAs (FSAAACAK), Investment Management Advisory (RIA) (FSAEAAAB)

Keywords

• Infrastructure debt management
• Private credit funds
• Asset management services
• Renewable energy financing
• Public sector lending

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Asset Management Fees: Management fees charged on assets under management across infrastructure debt funds, public sector debt funds, and climate solutions strategies. Fee structure includes both fixed management fees and performance fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Rivage Investment is an independent French asset management firm solely dedicated to private infrastructure credit. The company manages mid-market infrastructure debt portfolios across senior debt, public sector debt, high-return infrastructure debt, and climate solutions strategies for institutional clients, with €8.3 billion in assets under management as of December 31, 2025 across Paris, London, and New York offices.

Product overview

Rivage Investment is a global, independent asset management company dedicated to mid-market private infrastructure credit. The company operates a unified platform comprising multiple fund strategies and debt solutions: the core Infrastructure Senior Debt Platform for traditional infrastructure assets, the Public Sector Debt Platform for healthcare and social housing, the Rivage Prince climate solutions fund for renewable energy, and the HR REDI high-return infrastructure fund. The company also maintains regional entities (Rivage Investment UK LLP and Rivage Investment US LLC) to serve local markets. Investment activities span renewable energy (wind farms, solar, biomethane), telecoms (FTTH networks), social infrastructure (hospitals, care homes), transport, and public sector financing across European markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Infrastructure Senior Debt Platform Pooled fund platform providing senior infrastructure debt financing to mid-market European projects, targeting institutional investors seeking low-risk-adjusted-return exposure to private infrastructure credit.
• Public Sector Debt Platform Dedicated fund platform extending Rivage's infrastructure debt capabilities to public sector borrowers, providing institutional investors with exposure to public-sector infrastructure debt instruments.
• Rivage Prince (Climate Solutions Fund) Climate solutions investment franchise structured around Article 9 funds, delivering Paris Agreement-aligned strategies for institutional investors seeking climate and transition exposure within private infrastructure debt.
• REDI HR2 (High-Return Infrastructure Debt) Higher-return infrastructure debt fund extending Rivage's offering across the full infrastructure debt risk-return spectrum for institutional investors seeking enhanced yield within private infrastructure credit.

Quantifiable outcome

• €8.3 billion assets under management as of December 31, 2025
• +4 more outcomes

Named customers12 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• GIIN (Global Impact Investing Network)coreOthers · 1 January 2024Rivage Investment became a signatory to the GIIN's Operating Principles for Impact Management (OPIM) in 2024, with independent verification by BlueMark.
• Finance for BiodiversityminorOthers · 1 January 2023Rivage Investment is a member of Finance for Biodiversity, supporting biodiversity integration in investment decisions.
• TCFD (Task Force on Climate-Related Financial Disclosures)coreOthers · 1 January 2022Rivage Investment is a supporter of TCFD, implementing climate-related financial disclosures in annual reporting.
• LTIIA (Long-Term Infrastructure Investors Association)minorOthers · 1 January 2021Rivage Investment is a member of LTIIA, participating in industry working groups on ESG integration in infrastructure.
• Vauban Infrastructure PartnersminorStrategic or Co-development Partner · 1 January 2020Joint venture partner in Obelix FTTH network project. Vauban holds 51% of Obelix JV with Bouygues Telecom holding 49%.
• Bouygues TelecomminorStrategic or Co-development Partner · 1 January 2020JV partner (49%) and anchor tenant in Obelix FTTH network. Exclusive service agreement for 21.4 million premises.
• PRI (Principles for Responsible Investment)coreOthers · 1 January 2017Rivage Investment is a signatory to the UN PRI since 2017, demonstrating commitment to responsible investment principles.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Partners Group: Global private markets firm with a large infrastructure credit franchise. Comparable given focus on private credit to mid-market infrastructure and the same institutional LP base (insurers, pensions).
• Natixis Investment Managers (including Ostrum): Large French-headquartered asset manager with infrastructure debt capabilities and a strong fixed-income platform. Comparable given Paris base, institutional client focus, and shared talent pool (Natixis IM alumni are present in Rivage's team).
• AXA IM Alts (Real Assets): Global infrastructure debt and equity manager under AXA Investment Managers, with significantly larger AUM. Peer given overlapping infrastructure debt strategies and an indirect relationship through AXA IM Prime's 20% stake in Rivage.
• Macquarie Asset Management: World's largest infrastructure manager with significant infrastructure debt capabilities. Comparable as a global infrastructure debt competitor and a benchmark for sector leadership that Rivage explicitly targets in its positioning.
• DWS Group (Infrastructure): Large global asset manager with a dedicated infrastructure debt platform including senior secured credit. Comparable in strategy and asset class, and a direct talent feeder (Owen Davis joined Rivage's CLO team from DWS).

Direct peers

• Copenhagen Infrastructure Partners (CIP): Greenfield infrastructure investment manager with a credit arm (Green Credit Fund). Comparable given European focus, energy transition mandate, mid-to-large ticket sizes, and direct talent overlap (Mads Sahl Andersen joined Rivage UK from CIP).
• QIC (Queensland Investment Corporation): Australian institutional manager with a High Yield Infrastructure Debt strategy. Comparable given direct infrastructure debt origination focus, and a direct talent source (Chris Bounds joined Rivage US from QIC).
• Vauban Infrastructure Partners: French-based infrastructure debt and equity manager, similar mid-market European focus. Direct comparable on geography, asset class, and client base, and a co-investment partner with Rivage on the Obelix FTTH vehicle.
• Eiffel Investment Group: Paris-based asset manager with a dedicated infrastructure debt and energy transition platform. Directly comparable in target asset class, European mid-market focus, and ESG integration, and has hired from the same talent pool (e.g., Société Générale infrastructure team).

Others

• Schroders Capital (Infrastructure):

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/rivage-investment

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

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

M&A

Investments5 records

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

Frequently asked questions about Rivage Investment