Divio Capital today announces that it has received regulatory approval from the French Financial Markets Authority (AMF). Founded by Patrick Vandenberg, Michael Rauld, Cédric Ravier and Yassine Zeggwagh, the firm builds on the extensive domestic and international experience of its founders, spanning the full breadth of the asset management industry.
A Dedicated Platform for Professional Investors
Divio Capital is exclusively focused on serving professional investors, leveraging the international track record of its partners. The firm structures and delivers investment solutions across France and Europe through two complementary pillars: regulated club deals—opportunistic strategies targeting enhanced performance—and institutional funds designed for long-term ownership and stable cash flows. Divio Capital operates with the support of a robust network of local and international partners.
A Strategic Focus on Operational Real Estate
The firm’s first investment strategy centers on operational real estate, including healthcare, hospitality, education, managed residential assets and related operating properties. This strategy forms part of a broader suite of offerings across real estate, private markets and hybrid approaches. Divio Capital’s positioning reflects a dual ambition: to back resilient, performance-driven operating models, and to foster long-term alignment of interests between operators and property owners.
Long-Term Ambition and Team Expansion
Divio Capital is targeting €600 million to €1 billion in assets under management within five years, supported by disciplined growth in France and across Europe. To sustain this trajectory, the firm plans to expand its teams from early 2026, particularly within commercial and investor-facing functions.
Patrick Vandenberg, President of Divio Capital:
“At a time when the real estate market is experiencing prolonged turbulence—particularly in France, with rising rates, value adjustments, tighter financing conditions and political uncertainty—counter-cyclical strategies are more relevant than ever. These market conditions are creating compelling entry points that could shape performance over the next decade. With Divio Capital, we are positioning ourselves to capture these opportunities and deliver solutions aligned with Europe’s evolving landscape.”
Michael Rauld, Chief Executive Officer of Divio Capital:
“Our strategy reflects a renewed approach to cross-border transactions, at the intersection of real estate and private equity. This combination naturally leads us to focus on operational real estate, where the alignment of interests between operators and owners is a key driver of sustainable performance. We are committed to building long-term partnerships and offering our investors stability and transparency in an environment that continues to evolve rapidly.”
About Divio Capital
Divio Capital is an AMF-regulated asset management company dedicated to professional investors. The firm develops investment strategies in real estate, private equity and hybrid models, with a strong European footprint. Leveraging the international experience of its founders, Divio Capital designs innovative solutions in collaboration with a network of operators and institutional investors.
Le 09/12/2025