Among the various impact-focused firms seeking capital at this week’s IPEM in Paris was Ring Capital. Ring, a Paris-based firm founded in 2018, has about €500 million in assets under management across three different strategies, ranging from pre-seed to growth equity. The firm also operates a separate philanthropic strategy. Some key points:
- The firm is targeting €300 million for its second “Altitude” fund, which is its growth equity strategy. The vehicle takes minority positions, writing cheques of between €5 million and €20 million per deal. The first Altitude Fund was €170 million.
- Ring invests “at the intersection of digital and impact”, according to its website, seeking to tackle challenges across the sustainability spectrum.
- Investors: the firm has some established names among its existing limited partners, both from the world of private markets and wider institutional investment. Tikehau Capital, Swen Capital Partners and Mirova are LPs, according to the firm’s website. As are Crédit Mutuel, BNP Paribas and Danone, among other institutions.