DIVIO Capital, an independent asset management company authorized by the AMF, designs and manages investment solutions focused on real estate and private assets across France and Europe (funds, club deals, bespoke mandates, and co-investments).
Our mission is to explore new investment frontiers in order to identify opportunities that align with our clients’ return and risk expectations. We operate across all investment horizons — short, medium, and long term — to deliver solutions tailored to each profile and wealth strategy.
→ To explore in order to succeed means anticipating market evolutions and adapting strategies to generate sustainable growth in our clients’ portfolios.
Investing to transform means using performance as a driver for positive change.
Our vision is built on a responsible investment approach that integrates ESG criteria to align financial performance with social and environmental impact.
At DIVIO Capital, our values form the foundation of our identity and guide all our decisions and actions:
- Integrity
We act with transparency and ethics, fostering long-term trust with our clients and partners. - Independence
Our investment decisions are driven by objective criteria and strong convictions. - Commitment
We embrace a responsible investment approach, mindful of contemporary environmental and social challenges. - Excellence
We uphold the highest standards in analysis, asset selection, and client service to ensure rigor and performance.
DIVIO Capital positions itself as a trusted partner, combining local roots with an international perspective, operational excellence with an innovative mindset, and reliability with responsiveness.
At DIVIO Capital, we place the quality of client relationships at the heart of everything we do.
In a constantly evolving economic environment, we strive to deliver clear, effective solutions aligned with our clients’ objectives.
Our approach is built around six core commitments :
International
Our presence across multiple markets allows us to provide our clients with a broad perspective on investment opportunities. We combine this global reach with in-depth knowledge of local contexts to deliver strategies that are relevant, diversified, and fully compliant with regulatory requirements.
Client Partnership
We build a relationship of trust with each client, based on attentive listening, transparency, and continuity. Our recommendations are personalized and tailored to each client’s specific profile, objectives, and constraints. More than a service provider, we act as a committed partner throughout every stage of the project.
Commitment
Our teams are committed for the long term, ensuring rigorous monitoring and constant responsiveness. This commitment is reflected in our careful attention to changes in each client’s situation, market developments, and regulatory updates, with a focus on anticipation and adjustment.
Modernity & Innovation
We use advanced tools to support decision-making, secure operations, and enhance the transparency of investments. Our approach is based on purposeful innovation — the kind that simplifies, clarifies, and strengthens the effectiveness of your wealth or financial management.
Excellence
We apply high standards of quality and compliance in our processes. Each case is handled with meticulous care, precise risk management, and a constant commitment to reliability. Operational excellence is our daily objective.
Ambition
Our ambition is to be a committed player, capable of identifying drivers of sustainable performance and supporting our clients in their strategic decisions. This ambition is fueled by our desire to continuously improve and provide solutions that meet the high expectations of our partners.
DIVIO Capital was founded by experienced professionals driven by the desire to create an independent and committed asset management company.
Since its creation, the company has developed around strong values, ethical governance and in-depth expertise, while remaining true to its mission: to innovate and offer customized support to its clients.
- Patrick VandenbergChairman
Patrick has over 35 years' experience in real estate and asset management, on all types of assets in France and Europe. He is the current Chairman of Divio Capital.
Prior to co-founding Divio Capital, Patrick created and developed the portfolio management company Euryale and the SCPI Pierval Santé from 2010 to 2023 as deputy managing director and investment director (3.3 billion euros AuM). Previously, he founded and developed Arcole AM, one of France's leading SGPs from 2008 to 2010 (management of OPPCI funds). He began his career at BNP Paris Lease Group in asset management and financing.
Thanks to his wide-ranging experience, Patrick has been able to support investors in their target markets and contribute to the construction and structuring of companies.
- Michael RauldChief Executive Officer
Michael Rauld is a seasoned professional with over 15 years' experience in real estate fund management. He co-founded Divio Capital, after spending 6 years as Chief Financial Officer, then Deputy Managing Director in charge of finance at Euryale.
His areas of expertise include fund performance management, structuring investment funds and complex acquisitions, securing financial and tax information for regulatory and investor reporting, and debt raising and hedging.
Prior to Euryale, he worked at Sofidy as Head of Fund Management, where he focused on performance management and fund structuring, leverage implementation and financial communication for over 7 years. He began his career at PwC as a financial auditor in the real estate sector.
Michael is a graduate of Neoma Business School.
- Cédric RavierHead of Investment & Asset Management
Cédric has over 20 years' experience in real estate management.
Graduated in finance and real estate, he has extensive experience of different asset classes on behalf of French and European institutional investors.
Prior to co-founding DIVIO Capital, he was Head of Asset Management at UNOFI, in charge of a 3.5 billion euro real estate portfolio composed of various asset classes (office, logistics, retail and healthcare).
Prior to this, he was responsible for SOFIDY's European assets, invested in retail and offices in Belgium, the Netherlands, Germany and Austria.
- Yassine ZeggwaghChief Financial Officer
Yassine has over 10 years' experience in finance and fund management.
Before co-founding Divio Capital, he spent 3 years as deputy CFO at Euryale, a management company with 3 billion euros in assets under management. He contributed to the creation of performance monitoring tools, negotiated various financing arrangements and supervised tax obligations in several countries. He was also involved in structuring new funds and ensuring compliance with regulatory obligations.
Prior to this, Yassine was Fund Manager at Sofidy from 2018 to 2020, where he oversaw several types of real estate funds, carried out financial forecasting, structured financing and set up hedging instruments. He began his career as a financial auditor at Mazars in 2015.
Yassine is a graduate of ESTP Paris and University College London.