Omnes Capital Research
Investment Thesis
Omnes Capital is a European private markets investment firm headquartered in Paris, with additional offices in Brussels, Munich and Zurich. Founded in 1999 as a venture capital team inside Crédit Lyonnais, it became Crédit Agricole Private Equity (CAPE) in 2004, then spun out as an independent firm in 2012 under the Omnes Capital name. In 2023 the firm underwent a strategic refocus under new CEO Serge Savasta, selling its small/mid-cap buyout and private debt activities to concentrate on being "a leading management company dedicated to the energy transition." Today Omnes manages roughly €6.7 billion of assets across four core strategies: Energy Transition, Digital Infrastructure, Venture Capital & Growth (deeptech), and Co-investment. Across its history the firm has backed 250+ entrepreneurs and employs a team of 70+ professionals from 17 countries.
Stage Focus
Omnes' strategies span very different points in the company lifecycle:
- Venture Capital & Growth (deeptech): described on the firm's own site as "Early Growth" stage — i.e., not pure seed, but growth-stage deeptech companies that have moved past initial product validation.
- Co-investment: minority stakes taken alongside lead financial sponsors, typically at growth/late-stage private equity rounds.
- Energy Transition & Digital Infrastructure: project and platform-level infrastructure investments (independent power producers, data centers) rather than traditional equity financing rounds.
The deeptech portfolio (Quantum Systems' $1.2Bn Series D, EnduroSat's $205M round, Proxima Fusion's €411M raise) shows the VC & Growth strategy participating in substantial, later-stage rounds alongside other investors rather than leading small early checks.
Check Size
No specific check-size range is published on the website. Deal sizes observed in recent activity (co-investment/participation in $25M–$1.2Bn rounds) suggest Omnes writes meaningful minority checks into growth-stage and infrastructure deals rather than small seed tickets, but a firm-stated minimum/maximum could not be confirmed from public sources.
Lead Tendency
Omnes' own positioning emphasizes minority, partnership-style investing: the Co-investment strategy explicitly "offers investors the opportunity to take minority positions... sharing the ticket on attractive investments" alongside lead GPs. The Venture Capital & Growth strategy backs "extraordinary founders" but recent named deals (EnduroSat, Quantum Systems, Proxima Fusion, Lithosquare, ZeroPhase) read as participations in syndicated rounds rather than firm-led financings. Overall behavior reads as follows/co-invests more often than leads, consistent with its stated risk/reward and diversification thesis.
Recent Activity
Omnes has been highly active through 2026, primarily in deeptech and sovereignty/defense-adjacent technology and energy assets:
- August 2026: Co-invested (with ENOVA) selling a 350 MW German wind portfolio to Sosteneo — an exit from repowered wind assets.
- 2026: Invested in EnduroSat's $205M round to scale next-generation satellite fleets.
- 2026: Backed Quantum Systems' $1.2Bn Series D for software-defined autonomous defense systems (air/land/sea).
- 2026: Participated in Proxima Fusion's €411M raise to build a commercial fusion energy champion.
- 2026: VSORA brought on Ardian as a new shareholder in a company Omnes previously backed (semiconductor/chip design).
- 2026: Backed Lithosquare's $25M raise for an AI-powered critical-minerals geology platform.
- 2026: Invested in ZeroPhase's €5.8M seed round for defense communications technology.
- 2026: Stonehedge and U Logistique announced a logistics platform partnership (Magny, France) — consistent with Omnes' real-asset/infrastructure activity.
Portfolio Highlights
Omnes' portfolio spans deeptech/biotech (DiogenX, Whitelab Genomics, Corteria Pharmaceuticals, Qubit Pharmaceuticals, SeqOne Genomics, AgomAb, Tissium, Therapixel — AI for medical imaging, since acquired by Omnes), defense/aerospace/sovereignty (Quantum Systems, EnduroSat, ZeroPhase, Elistair, The Exploration Company), cybersecurity (Sekoia, OWN), industrial/data infrastructure (Scality, VSORA, Tronics Microsystems), and diversified private-equity holdings (DomusVi, AMEOS, Diam International, PHM Group, Delete Group, Phoenix International). On the infrastructure side, the Capenergie funds (€4.4B AUM) back renewable IPPs such as CCE Holding, TagEnergy, RePower, Neoen, Elettrostudio Energia, Be Better Energy, Froneri (a large European energy platform), Ilos and NRG2ALL, while the CEP digital-infrastructure funds (€362M AUM) target metropolitan data centers.
Team
Omnes is led by CEO & CIO Serge Savasta (who became CEO in 2023 as part of the firm's strategic refocus), supported by a large partnership of Managing Partners and Partners:
- Serge Savasta — Chief Executive Officer & Chief Investment Officer
- Marc-Philippe Botte — Managing Partner
- Michel de Lempdes — Managing Partner
- Michael Pollan — Managing Partner
- Gonzague de Tremiolles — Partner, Head of Digital Infrastructure
- Simon Hardi — Partner, Head of Co-Investment
- Serge Rakovitch — Partner, COO
- Lina Zovic — Partner, CFO
- Philippe Trolez — Partner, Corporate Secretary
- Fabien Collangettes — Partner
- François-Xavier Dedde — Partner
- Jean-Baptiste Delattre — Partner
- Morgane Honikman — Partner
- Camille Mueller — Partner
- Renaud Poulard — Partner
- Benjamin Stremsdoerfer — Partner
- Yannic Trüb — Partner
- Caroline Yametti — Partner
Decision Process
With a partnership of 18+ Partners and Managing Partners across four distinct strategies, each with its own "Head of" role (Head of Digital Infrastructure, Head of Co-Investment), Omnes operates as a multi-strategy partnership rather than a solo-GP or single investment-committee shop — each strategy likely runs its own deal process under the CEO/CIO's overall oversight.
Founder Preferences
The Venture Capital & Growth strategy explicitly targets "extraordinary founders, executing on a clear vision and building world-leading businesses" in deeptech applied to energy transition, sovereignty, and applicative AI — quoting Nobel physicist Alain Aspect ("The world's problems will not be solved against science but with it") as a thesis touchstone. This suggests a preference for technical, science-driven founding teams over pure commercial operators.
Geographic Focus
Predominantly Pan-European: the VC & Growth strategy is "Pan-European," Energy Transition covers "Europe & OECD countries," Digital Infrastructure is "Europe"-only, and Co-investment splits roughly two-thirds Europe and one-third rest of world (with an explicit US/North America co-investment mandate). Headquarters is Paris, with offices in Brussels, Munich and Zurich.