Firms

M Capital Partners
Toulouse, France · Paris, France · Bordeaux, France · Côte d’Azur, France
M Capital Partners, marketed as M Capital and historically Midi Capital, is an independent French regulated investment manager, SIREN443003504, authorised by the AMF under GP02-028 on October29,2002. It operates venture-capital, growth and transmission private-equity, private-debt, sustainable-finance and property strategies from Toulouse, Paris, Bordeaux and the Côte d’Azur. Its technology strategies support health, artificial intelligence, industrial digitalisation, robotics, space and environmental innovation. The current public directory identifies45 human professionals; the published pet and recruitment cards are excluded. Since September2022 the separate regional investment company Nouvelle-Aquitaine Co-Investissement (NACO) has appointed M Capital to advise its deployment. NACO is owned by Région Nouvelle-Aquitaine and remains the actual buyer where issuer releases name NACO; the advisory manager and vehicle are not duplicated as two checks. The publicly identified11-person NACO deployment team is shared with this manager and its roles are qualified accordingly. Published2026 reporting documents numerous distinct FIP, FCPI, FCPR, FPCI, holding and SLP vehicles. AUM, share capital, remaining deployment capacity, public programme allocations and fundraising targets are distinguished from completed fund closings. Published fund structures are retained with unknown completed close amounts/dates where the reviewed primary documents do not establish them. Current relevant portfolio examples include RebrAIn through NACO and autonomous agricultural robotics company Naïo through FOSTER.
- Founded
- 2001
- Type
- Venture capital
Funds38
FCPI SANTE & DIGITAL——
Distinct legal investment product explicitly named in the manager’s2026 Loi Energie Climat report on2025. This is a documented managed vehicle, not an inferred new fundraising event. Completed subscribed/final-close size and exact closing day are not established by the reviewed disclosure; amount/dateNULL. Portfolio fair value, AUM, category aggregates and management-company share capital are excluded. The list includes historical and currently managed products; continued2026 fundraising is not assumed.
FCPI SANTE & DIGITAL II——
Distinct legal investment product explicitly named in the manager’s2026 Loi Energie Climat report on2025. This is a documented managed vehicle, not an inferred new fundraising event. Completed subscribed/final-close size and exact closing day are not established by the reviewed disclosure; amount/dateNULL. Portfolio fair value, AUM, category aggregates and management-company share capital are excluded. The list includes historical and currently managed products; continued2026 fundraising is not assumed.
FCPR MIDI CAPITAL N°1 — historical——
Historical distinct legal vehicle appears in the manager’s primary2020 Select PromotionII subscription kit performance table. The table associates a2002vintage; vintage/constitution year and performance values are not fundraising-closing dates or amounts. No current fundraising activity or completed subscribed size inferred.
FCPR MIDI CAPITAL N°2——
Distinct legal investment product explicitly named in the manager’s2026 Loi Energie Climat report on2025. This is a documented managed vehicle, not an inferred new fundraising event. Completed subscribed/final-close size and exact closing day are not established by the reviewed disclosure; amount/dateNULL. Portfolio fair value, AUM, category aggregates and management-company share capital are excluded. The list includes historical and currently managed products; continued2026 fundraising is not assumed.
FCPR SELECT PROMOTION——
Distinct legal investment product explicitly named in the manager’s2026 Loi Energie Climat report on2025. This is a documented managed vehicle, not an inferred new fundraising event. Completed subscribed/final-close size and exact closing day are not established by the reviewed disclosure; amount/dateNULL. Portfolio fair value, AUM, category aggregates and management-company share capital are excluded. The list includes historical and currently managed products; continued2026 fundraising is not assumed.
FCPR SELECT PROMOTION II——
Distinct legal investment product explicitly named in the manager’s2026 Loi Energie Climat report on2025. This is a documented managed vehicle, not an inferred new fundraising event. Completed subscribed/final-close size and exact closing day are not established by the reviewed disclosure; amount/dateNULL. Portfolio fair value, AUM, category aggregates and management-company share capital are excluded. The list includes historical and currently managed products; continued2026 fundraising is not assumed.
FCPR SELECT PROMOTION III——
Distinct legal investment product explicitly named in the manager’s2026 Loi Energie Climat report on2025. This is a documented managed vehicle, not an inferred new fundraising event. Completed subscribed/final-close size and exact closing day are not established by the reviewed disclosure; amount/dateNULL. Portfolio fair value, AUM, category aggregates and management-company share capital are excluded. The list includes historical and currently managed products; continued2026 fundraising is not assumed.
FCPR SELECT PROMOTION IV——
Distinct legal investment product explicitly named in the manager’s2026 Loi Energie Climat report on2025. This is a documented managed vehicle, not an inferred new fundraising event. Completed subscribed/final-close size and exact closing day are not established by the reviewed disclosure; amount/dateNULL. Portfolio fair value, AUM, category aggregates and management-company share capital are excluded. The list includes historical and currently managed products; continued2026 fundraising is not assumed.
FCPR W PME MULTISTRATEGIES——
Distinct legal investment product explicitly named in the manager’s2026 Loi Energie Climat report on2025. This is a documented managed vehicle, not an inferred new fundraising event. Completed subscribed/final-close size and exact closing day are not established by the reviewed disclosure; amount/dateNULL. Portfolio fair value, AUM, category aggregates and management-company share capital are excluded. The list includes historical and currently managed products; continued2026 fundraising is not assumed.
FCPR W PME VALORISATION——
Distinct legal investment product explicitly named in the manager’s2026 Loi Energie Climat report on2025. This is a documented managed vehicle, not an inferred new fundraising event. Completed subscribed/final-close size and exact closing day are not established by the reviewed disclosure; amount/dateNULL. Portfolio fair value, AUM, category aggregates and management-company share capital are excluded. The list includes historical and currently managed products; continued2026 fundraising is not assumed.
FCPR Welcome Entrepreneurs Nouvelle-Aquitaine——
Current venture/private-equity product supporting health, AI, robotics, space and sustainable regional businesses. Subscription minimum30K is not fund size; no completed close amount/day published.
FIP AVANTAGE ISF——
Distinct legal investment product explicitly named in the manager’s2026 Loi Energie Climat report on2025. This is a documented managed vehicle, not an inferred new fundraising event. Completed subscribed/final-close size and exact closing day are not established by the reviewed disclosure; amount/dateNULL. Portfolio fair value, AUM, category aggregates and management-company share capital are excluded. The list includes historical and currently managed products; continued2026 fundraising is not assumed.
FIP AVANTAGE ISF 2——
Distinct legal investment product explicitly named in the manager’s2026 Loi Energie Climat report on2025. This is a documented managed vehicle, not an inferred new fundraising event. Completed subscribed/final-close size and exact closing day are not established by the reviewed disclosure; amount/dateNULL. Portfolio fair value, AUM, category aggregates and management-company share capital are excluded. The list includes historical and currently managed products; continued2026 fundraising is not assumed.
FIP AVANTAGE PME——
Distinct legal investment product explicitly named in the manager’s2026 Loi Energie Climat report on2025. This is a documented managed vehicle, not an inferred new fundraising event. Completed subscribed/final-close size and exact closing day are not established by the reviewed disclosure; amount/dateNULL. Portfolio fair value, AUM, category aggregates and management-company share capital are excluded. The list includes historical and currently managed products; continued2026 fundraising is not assumed.
FIP AVANTAGE PME 2——
Distinct legal investment product explicitly named in the manager’s2026 Loi Energie Climat report on2025. This is a documented managed vehicle, not an inferred new fundraising event. Completed subscribed/final-close size and exact closing day are not established by the reviewed disclosure; amount/dateNULL. Portfolio fair value, AUM, category aggregates and management-company share capital are excluded. The list includes historical and currently managed products; continued2026 fundraising is not assumed.
FIP AVANTAGE PME 3——
Distinct legal investment product explicitly named in the manager’s2026 Loi Energie Climat report on2025. This is a documented managed vehicle, not an inferred new fundraising event. Completed subscribed/final-close size and exact closing day are not established by the reviewed disclosure; amount/dateNULL. Portfolio fair value, AUM, category aggregates and management-company share capital are excluded. The list includes historical and currently managed products; continued2026 fundraising is not assumed.
FIP AVANTAGE PME 4——
Distinct legal investment product explicitly named in the manager’s2026 Loi Energie Climat report on2025. This is a documented managed vehicle, not an inferred new fundraising event. Completed subscribed/final-close size and exact closing day are not established by the reviewed disclosure; amount/dateNULL. Portfolio fair value, AUM, category aggregates and management-company share capital are excluded. The list includes historical and currently managed products; continued2026 fundraising is not assumed.
FIP CAPITAL ACTIFS 2016——
Distinct legal investment product explicitly named in the manager’s2026 Loi Energie Climat report on2025. This is a documented managed vehicle, not an inferred new fundraising event. Completed subscribed/final-close size and exact closing day are not established by the reviewed disclosure; amount/dateNULL. Portfolio fair value, AUM, category aggregates and management-company share capital are excluded. The list includes historical and currently managed products; continued2026 fundraising is not assumed.
FIP CAPITAL ACTIFS 2017——
Distinct legal investment product explicitly named in the manager’s2026 Loi Energie Climat report on2025. This is a documented managed vehicle, not an inferred new fundraising event. Completed subscribed/final-close size and exact closing day are not established by the reviewed disclosure; amount/dateNULL. Portfolio fair value, AUM, category aggregates and management-company share capital are excluded. The list includes historical and currently managed products; continued2026 fundraising is not assumed.
FIP CAPITAL ACTIFS 2017 II——
Distinct legal investment product explicitly named in the manager’s2026 Loi Energie Climat report on2025. This is a documented managed vehicle, not an inferred new fundraising event. Completed subscribed/final-close size and exact closing day are not established by the reviewed disclosure; amount/dateNULL. Portfolio fair value, AUM, category aggregates and management-company share capital are excluded. The list includes historical and currently managed products; continued2026 fundraising is not assumed.
FIP CAPITAL SANTE PME——
Distinct legal investment product explicitly named in the manager’s2026 Loi Energie Climat report on2025. This is a documented managed vehicle, not an inferred new fundraising event. Completed subscribed/final-close size and exact closing day are not established by the reviewed disclosure; amount/dateNULL. Portfolio fair value, AUM, category aggregates and management-company share capital are excluded. The list includes historical and currently managed products; continued2026 fundraising is not assumed.
FIP CAPITAL SANTE PME 2——
Distinct legal investment product explicitly named in the manager’s2026 Loi Energie Climat report on2025. This is a documented managed vehicle, not an inferred new fundraising event. Completed subscribed/final-close size and exact closing day are not established by the reviewed disclosure; amount/dateNULL. Portfolio fair value, AUM, category aggregates and management-company share capital are excluded. The list includes historical and currently managed products; continued2026 fundraising is not assumed.
FIP CAPITAL SANTE PME 3——
Distinct legal investment product explicitly named in the manager’s2026 Loi Energie Climat report on2025. This is a documented managed vehicle, not an inferred new fundraising event. Completed subscribed/final-close size and exact closing day are not established by the reviewed disclosure; amount/dateNULL. Portfolio fair value, AUM, category aggregates and management-company share capital are excluded. The list includes historical and currently managed products; continued2026 fundraising is not assumed.
FIP CAPITAL SANTE PME 4——
Distinct legal investment product explicitly named in the manager’s2026 Loi Energie Climat report on2025. This is a documented managed vehicle, not an inferred new fundraising event. Completed subscribed/final-close size and exact closing day are not established by the reviewed disclosure; amount/dateNULL. Portfolio fair value, AUM, category aggregates and management-company share capital are excluded. The list includes historical and currently managed products; continued2026 fundraising is not assumed.
FIP France EXCELLENCE——
Distinct legal investment product explicitly named in the manager’s2026 Loi Energie Climat report on2025. This is a documented managed vehicle, not an inferred new fundraising event. Completed subscribed/final-close size and exact closing day are not established by the reviewed disclosure; amount/dateNULL. Portfolio fair value, AUM, category aggregates and management-company share capital are excluded. The list includes historical and currently managed products; continued2026 fundraising is not assumed.
FIP France EXCELLENCE II——
Distinct legal investment product explicitly named in the manager’s2026 Loi Energie Climat report on2025. This is a documented managed vehicle, not an inferred new fundraising event. Completed subscribed/final-close size and exact closing day are not established by the reviewed disclosure; amount/dateNULL. Portfolio fair value, AUM, category aggregates and management-company share capital are excluded. The list includes historical and currently managed products; continued2026 fundraising is not assumed.
FIP MEZZANO 2——
Distinct legal investment product explicitly named in the manager’s2026 Loi Energie Climat report on2025. This is a documented managed vehicle, not an inferred new fundraising event. Completed subscribed/final-close size and exact closing day are not established by the reviewed disclosure; amount/dateNULL. Portfolio fair value, AUM, category aggregates and management-company share capital are excluded. The list includes historical and currently managed products; continued2026 fundraising is not assumed.
FIP MEZZANO 3——
Distinct legal investment product explicitly named in the manager’s2026 Loi Energie Climat report on2025. This is a documented managed vehicle, not an inferred new fundraising event. Completed subscribed/final-close size and exact closing day are not established by the reviewed disclosure; amount/dateNULL. Portfolio fair value, AUM, category aggregates and management-company share capital are excluded. The list includes historical and currently managed products; continued2026 fundraising is not assumed.
FIP PERFORMANCE EXPORT——
Distinct legal investment product explicitly named in the manager’s2026 Loi Energie Climat report on2025. This is a documented managed vehicle, not an inferred new fundraising event. Completed subscribed/final-close size and exact closing day are not established by the reviewed disclosure; amount/dateNULL. Portfolio fair value, AUM, category aggregates and management-company share capital are excluded. The list includes historical and currently managed products; continued2026 fundraising is not assumed.
Fonds ESSOR PME La Réunion——
Regional equity instrument cofinanced through ERDF and Région La Réunion. The10M programme endowment is not established as a completed outside-LP close or paid-in subscriptions in reviewed sources; amount/dateNULL.
FPCI ENTREPRENEURS OCCITANIE OUEST—€15M
FPCI Entrepreneurs Occitanie Ouest, also FEOO/FOSTER, is a regional co-investment venture fund. The manager’s primary product page identifies Région Occitanie and European Investment Fund as subscribers and actual15M fund endowment; this is published committed fund capital, not proof all capital has been called or paid. Exact completed closing day is unpublished, announcedAtNULL. It supports proof-of-concept and early commercialisation companies in western Occitanie, with follow-ons through SeriesB.
FPCI IMMO REMPLOI——
Distinct legal investment product explicitly named in the manager’s2026 Loi Energie Climat report on2025. This is a documented managed vehicle, not an inferred new fundraising event. Completed subscribed/final-close size and exact closing day are not established by the reviewed disclosure; amount/dateNULL. Portfolio fair value, AUM, category aggregates and management-company share capital are excluded. The list includes historical and currently managed products; continued2026 fundraising is not assumed.
FPCI IMMO REMPLOI II——
Distinct legal investment product explicitly named in the manager’s2026 Loi Energie Climat report on2025. This is a documented managed vehicle, not an inferred new fundraising event. Completed subscribed/final-close size and exact closing day are not established by the reviewed disclosure; amount/dateNULL. Portfolio fair value, AUM, category aggregates and management-company share capital are excluded. The list includes historical and currently managed products; continued2026 fundraising is not assumed.
FPCI IMMO REMPLOI III——
Distinct legal investment product explicitly named in the manager’s2026 Loi Energie Climat report on2025. This is a documented managed vehicle, not an inferred new fundraising event. Completed subscribed/final-close size and exact closing day are not established by the reviewed disclosure; amount/dateNULL. Portfolio fair value, AUM, category aggregates and management-company share capital are excluded. The list includes historical and currently managed products; continued2026 fundraising is not assumed.
HOLDING CD 2017——
Distinct legal investment product explicitly named in the manager’s2026 Loi Energie Climat report on2025. This is a documented managed vehicle, not an inferred new fundraising event. Completed subscribed/final-close size and exact closing day are not established by the reviewed disclosure; amount/dateNULL. Portfolio fair value, AUM, category aggregates and management-company share capital are excluded. The list includes historical and currently managed products; continued2026 fundraising is not assumed.
NACO — Nouvelle-Aquitaine Co-Investissement advisory vehicle——
Separate regional evergreen SASU824626675 advised for deployment by M Capital sinceSeptember2022. Corporate legal buyer has its own full NACO profile and Investor; this managed-vehicle attribution is not a second portfolio participation.102M programme envelope and95M datedAUM excluded from close amount.
SLP FONDS TOURISME COTE D’AZUR——
Tourism private-debt SLP launched in2021 at the initiative of Caisse d’Épargne Côte d’Azur and EIB with regional institutional participation. Manager marketing describes60M while the separate current fund site describes45M, and dated reporting describes44M. These values cannot safely be equated to an exact completed final close; amount/dateNULL. Deployment totals and uninvested capacity are also excluded.
SLP FONDS TOURISME OCCITANIE——
Tourism private-debt SLP launched in2019 with Région Occitanie, EIB and regional Crédit Agricole banks. Its primary manager page cites101M fund capital while later regional publications cite111M. Exact final closing/reconciliation of these vintages is not established; amount/dateNULL rather than guessing a final raise. Financing supports tourism projects using loans, participative loans and bonds;300–400M leveraged project objectives are not fund capital.
Team
Operations and support
Adrien RaphetDirecteur d'Investissement - Dette Privée |
Alexandra BegueResponsable de Programmes Immobiliers |
Amélie Guelff-MariottiManager Finance Durable |
Anaïs CustodioResponsable Partenaires et Expérience Clients |
Arnaud AldegheriAnalyste Financier Senior - Immobilier |
Aïcha HelalChargée de Relations Partenaires Clients |
Benoit ThiedeyDirecteur d'investissement Venture |
Bertrand CasteranDirecteur Commercial |
Boris MichelDirecteur Commercial |
Chaïma El Alaoui El IsmailiChargée Conformité |
Christophe MaurelDirecteur de Welcome |
Chrystelle MoulignéComptable |
Clément BauguilDirecteur de Participations - Venture |
David AversenqDirecteur Général Associé |
David RichouDirecteur d’Investissement - Immobilier |
Diane FioccaChargée d'Affaires |
Dina RaharolahyComptable |
Estelle AdamResponsable Juridique - Dette privée et Private Equity |
Fabrice Attane-FerrandDirecteur de Participations - NACO |
Florent PoueyAnalyste Financier - Immobilier |
Florian RicardDirecteur d'Investissement - Dette Privée |
François-Xavier BelliardDirecteur Commercial |
Guillaume GorskiAnalyste Financier Senior - Immobilier |
Hortense MellingerResponsable Marketing |
Jean-Baptiste BourhisResponsable d'Investissement - Dette Privée |
Jessica DarmonChargée de gestion |
Julie KhaskiDirectrice Dette Privée |
Julien Charles-LavauzelleDirecteur d’investissement Capital Développement / Transmission |
Karine MaurelDirectrice Générale Associée – Real Estate |
Khaira BenyaminaResponsable Relations Clients et Partenaires |
Lucie Berges-RosaChargée d'Affaires Senior - Private Equity |
Lucie PellouxChef de Projet Digital |
Lucile BardouSecrétaire Générale Adjointe |
Marc TrubertDirecteur du Développement |
Marion LaurensResponsable Juridique - Financement |
Marius BrangerAnalyste Financier - Immobilier |
Maxime SauvanetDirecteur d’Investissement - Immobilier |
Murielle RembliereAssistante Juridique |
Olivier BesançonDirecteur d'Investissement - Dette Privée |
Pierre MonninChargé d'Affaires - Private Equity |
Rudy SeccoCEO Associé |
Stéphane FerranDirecteur Général Adjoint Immobilier |
Stéphanie MinissierDirectrice Générale Associée Finance / RCCI |
Thibault RicheboisDirecteur Général - M Capital Nouvelle Aquitaine |
Théo HernandezChargé d'Affaires - Private Equity · Directeur de Participations — Fonds ESSOR PME La Réunion |
Co-investing
No co-investors on record yet.
Investments
No investment rounds on record yet.












































