Aquasourca

Aquasourca

Aquasourca traces its roots to a water-sector transaction completed roughly twenty years ago. Sophie Defforey structured the vehicle to support management teams after that initial success. The Defforey family remains the disclosed source of the capital. The firm runs two private-equity strategies: a generalist growth approach and a sectoral agri-food program. Both emphasize direct equity and co-investments alongside management. Real-estate activity splits between value-add promotion and core/core-plus asset management, conducted primarily in France and Europe with occasional worldwide co-investments. Confirmed positions include a 2021 secondary MBO of Groupe Patriarca alongside Bpifrance and a 2014 majority stake in Vervent Audio Group with Naxicap Partners. Investment stages span venture capital, growth equity, and buyouts. Additional offices operate in Luxembourg. In January 2025 Jean-Eudes Leleu joined as Director of fund-of-funds activity after twenty years at Bpifrance Investissement and CNP Assurances. The firm holds membership in the Luxembourg Private Equity & Venture Capital Association and France Invest. Governance includes multiple Crepet family members on the board alongside Sophie Defforey. Aquasourca maintains Luxembourg and French entities that allow both direct holdings and fund-of-funds commitments. Family members occupy key board and supervisory roles, creating an integrated ownership and investment structure uncommon among pure external managers.