RIVE Private Investment surpasses €1 billion in assets under management and accelerates the deployment of its investment strategy in energy transition and transportation assets
2024, a year of acceleration
Surpassing €1 billion in assets under management in 2024 reflects the confidence that investors place in RIVE Private Investment and confirms the relevance of its positioning as a specialist in energy transition and transportation assets. This milestone underscores a strong growth trajectory, marked by over €300 million raised from institutional investors and family offices, €173 million deployed and €160 million distributed to our investors over the year.
Consistently strong performance
RIVE Private Investment has continued to generate attractive returns for investors thanks to its focused investment approach in the small & mid-cap segment and its extensive sourcing capability (over 90% proprietary deals), providing access to off-market transactions. Committed to creating value and aligning long-term performance with positive impact, RIVE Private Investment actively supports portfolio companies in their transformation and sustainability journey, allowing them to be optimally positioned for exit.
A pivotal year for energy transition strategy
2024 marked the launch of RIVE Infrastructure Impact Fund (“RIIF”), dedicated to investments in European SMEs in the energy transition sector, supporting emerging business models to develop future industry leaders. In a highly competitive fundraising environment, RIIF attracted a broad investor base, including institutional investors and family offices. With €203 million already raised (68% of the fund’s target size), RIIF has invested in four European SMEs operating in various energy transition sectors, including electric vehicle charging, solar and wind power generation, agrivoltaics, and next-generation energy storage.
Decarbonization and serving essential needs through investments in transportation assets
Last year, RIVE Private Investment continued the successful deployment of RIVE Tangible Assets Income Fund (“RTAIF”). This investment program, unique in Europe, is dedicated to the acquisition and operational leasing of transportation assets. Launched in 2021 and combining both an evergreen fund and a closed-end fund, this investment solution has secured €350 million in investor commitments (70% of the target size) and has built a diversified portfolio of 187 assets. With €81 million invested in 2024 through RTAIF, RIVE Private Investment has reinforced its commitment to modal shift and land transport decarbonization by continuing to acquire next-generation freight locomotives. Additionally, the financing of several helicopters for medical and firefighting missions, as well as vessels for offshore wind farm maintenance, aligns with RIVE Private Investment’s commitment to serve communities’ essential needs.
2025 Outlook: Sustained growth momentum
Building on these achievements, RIVE Private Investment enters 2025 with ambitious objectives:
– Accelerate fundraising while maintaining excellence in asset management.
– Strengthen international sourcing capabilities.
– Increase sustainability integration to optimize value creation for investees and investors.
Étienne Mouthon and Yann Thomas, founders of RIVE Private Investment, stated:
“2024 marks a decisive milestone in RIVE’s history. Our pioneer positioning in energy transition and transportation assets continues to prove its relevance in the face of today’s challenges. In a demanding macroeconomic environment, our ability to generate positive impact for our portfolio companies and strong returns for our investors remains our top priority.”
Pierre du Passage, Partner at RIVE Private Investment, added:
“The success of RIIF confirms the relevance of our strategy in supporting energy transition SMEs. 2025 is shaping up to be a period of acceleration, marked by growing investment needs in new infrastructure and a financing gap for SMEs.”
Camille Brunel, Partner at RIVE Private Investment, concluded:
“Our expertise in financing critical transportation assets meets the increasing need for decarbonization in the sector. By focusing on OECD markets, we offer investors unique access to resilient assets that generate stable and predictable returns while addressing major environmental and societal challenges.”
About RIVE Private Investment
RIVE Private Investment is an independent European investment group specializing in energy transition and transportation assets. Founded in 2013, RIVE currently manages over €1 billion and serves institutional investors and family offices across Europe and North America. Since its inception, RIVE has invested in energy transition and transportation assets, building a strong and successful track record in these strategies. With 28 investment professionals bringing complementary expertise and experience, the team leverages its financial and technical know-how and an extensive ecosystem of partners developed over more than a decade.
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