Who we are

Created in 2004, CAPZA is an established European private investment platform. The company is majority owned by its teams and supported by the AXA Group.

With €5.6 billion of assets1, CAPZA2 puts its experience and passion for investing in small & mid cap companies at the service of investors in Europe and around the world.


CAPZA offers a platform of 6 complementary areas of expertise: Flex Equity, Private Debt, Transition3, Artemid Senior Loans4, Growth Tech and Expansion.


CAPZA offers financing solutions to small & mid cap companies at every stage of their development. Its unique platform allows CAPZA to support companies over the long term by providing them with flexible financing solutions (majority capital, minority capital, subordinated debt, senior debt, etc.).


CAPZA is a generalist but has built up strong expertise in supporting companies in the health, technology and BtoB services sectors.


“Since the company was created, we have built up a community of entrepreneurs who share our values and our vision of investing. Based on our passion for their business and our ability to challenge ourselves, we have designed CAPZA as a flexible investment platform that adapts to their needs.


This community of entrepreneurs is the driving force behind the performance we deliver to our investors. It energizes us and enables us to identify opportunities. The connections we create and the long-term relationships we forge are at the heart of our value creation capability.” Christophe Karvelis-Senn, Executive Chairman and Founder


We have built up a community of entrepreneurs who share our values and our vision of investing.

Key figures


Creation of CAPZA


investments made since 2004

As of 30/09/2021

of assets managed and/or advised

As of October 2021. Valuations as of 30/06/21, also including funds raised until October 2021.


As of 30/09/2021
4 countries

France, Germany, Spain & Italy



Discover our expertise
Private Debt
Private Debt
Leading mid-market
direct lender
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107transactions since 2005
Source: CAPZA as of 08/31/2021
Flex Equity
Flex Equity
Flexible financing solutions combining equity and mezzanine
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80 transactions since 2004
Source: CAPZA as at 06/30/2021
Senior Loans
The senior financing expert
for small and mid-sized corporates
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56 transactions since 2015
Source: Artemid as of 31/03/2020
Balance sheet solutions at strategic turning points
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Dedicated support from a team of experts
Growth Tech
Growth Tech
A partner of choice for high growth Tech companies
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4 transactions in 2021
Source: CAPZA as at 30/09/2021.
Support French SMEs in the post-crisis rebound
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€500m total commitment
Source: CAPZA as of 03/01/2021

1 including assets managed by a third party and advised by Artemid SAS. Based on valuations as of 30/06/2021 and also including funds raised until october 2021.

2 CAPZA (formerly Capzanine) is the commercial name of Atalante SAS, portfolio management company approved on 11/29/2014 by the « Autorité des Marchés Financiers » under GP-04000065.

3 The funds of the CAPZA Transition range are managed by the asset management company CAPZA, and advised by CAPZA Transition SAS which has financial investment advisor status (CIF in France), is registered under the Orias under the number 18001601 since the 23/03/2018.

4 The funds of the Artemid range are managed by the asset management company CAPZA and advised by Artemid SAS, which is a subsidiary of CAPZA and Amiral Gestion and has financial investment advisor status (CIF in France). Artemid SAS is registered by the Orias under the number 14003497 since the 05/28/2014.

  • 15
    Nov’ 2021
    CAPZA supports the acquisition of CSS
    CAPZA arranges a unitranche facility for the acquisition of CSS by Carlyle.
    Read more
  • 20
    Oct’ 2021
    A new governance for CAPZA
    CAPZA implements a new partnership governance
    Read more
  • 6
    Oct’ 2021
    CAPZA Expansion supports Eduservices
    The leader in private higher and technical education is embarking on a new phase of growth
    Read more
  • 23
    Sep’ 2021
    A successful first closing at €200m for CAPZA Growth Tech
    CAPZA successfully raises €200 million for the first closing of its CAPZA Growth Tech Fund.
    Read more