# Andera Partners

Andera Partners is an Asset Manager based in Paris, France.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Paris, France
- **Region:** Europe
- **Address:** Paris, France
- **Founded:** 2001
- **Assets under management:** Above €4B (per Les Echos, 2024)
- **Website:** anderapartners.com
- **LinkedIn:** https://www.linkedin.com/company/anderapartners

## Regulatory record

- **Reports private funds:** No

## About

Andera Partners is an asset management firm specialising in Private Equity. For over 20 years its mission has been to help companies and their management achieve strong and sustainable growth. It draws on expertise across well-defined investment strategies including Life Sciences, MidCap, Expansion, Acto, Infra and Co-Invest.

## Sectors

- Healthcare Services
- Enterprise Software
- FinTech
- Digital Health
- Energy Transition & Renewables

## Offices

- Munich, Germany
- Milan, Italy
- Antwerp, Belgium

## People

- Philippe Ouaki — Managing Partner, Life Sciences
- Raphaël Wisniewski — Managing Partner, Growth & Buyout
- Pierre Devillard — Managing Partner, Growth & Buyout

## Questions

### Who runs investment decisions at Andera Partners?

Philippe Ouaki leads the life sciences practice, while Raphaël Wisniewski and Pierre Devillard co-head the growth and buyout activities. The firm operates as a partnership with investment committees composed of managing partners. Sector-specific teams have autonomous decision-making authority within fund mandates.

### How is Andera Partners related to AG2R La Mondiale?

Andera began in 2001 as the in-house private-equity group of French insurer AG2R La Mondiale. The management team executed a buyout in 2012, becoming an independent partnership. AG2R La Mondiale remains a limited partner in certain funds but holds no ownership stake in the management company.

### Does Andera invest only in France?

No. While France represents the firm's largest market, Andera actively invests across continental Europe. Its growth and buyout practice covers DACH and Benelux through offices in Munich, Antwerp and Milan. The life sciences strategy has backed companies in Belgium, the Netherlands and Switzerland.

### Does Andera Partners co-invest alongside its limited partners?

Yes. Several of Andera's French corporate limited partners co-invest directly in deals alongside firm funds, particularly in carve-outs and joint ventures. The firm formalizes co-investment rights in its limited-partnership agreements and structures deals to accommodate direct corporate participation.

### Does Andera raise stand-alone life sciences funds?

Yes. The firm has raised multiple dedicated life sciences vehicles under the Andera Life Sciences banner, focusing on biotech, medtech and digital health. In 2022, it announced a €274 million close for its latest life sciences fund, targeting therapeutics and diagnostics companies across Europe (per Endpoints News, 2022).

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Last updated: 2026-08-11T15:06:04.815Z

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