# Aquasourca

Aquasourca is a Single Family Office based in Lyon, France.

## Overview

- **Organization type:** Single Family Office
- **Headquarters:** Lyon, France
- **Region:** Europe
- **Address:** 61 Rue de Créqui, Lyon 69006, France
- **Founded:** 1996
- **Assets under management:** 200 (Altss estimate)
- **Website:** aquasourca.com
- **LinkedIn:** https://www.linkedin.com/company/aquasour%C3%A7a

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- AgriTech & FoodTech
- Industrial Tech
- FinTech
- PropTech
- Digital Health
- Luxury
- Sports & Wellness
- Media & Entertainment
- Supply Chain & Logistics

## Offices

- Luxembourg
- Brussels

## People

- Sophie Defforey — President
- Félix Crepet — Member of the Board of Directors
- Alice Crepet — Member of the Board of Directors
- Michel Abattu — Member of the Board of Directors

## Questions

### Who runs investment decisions at Aquasourca?

Sophie Defforey serves as President. Pascal Blanc-Brude leads the investment team as Director of Investments. Additional board members include Félix Crepet, Alice Crepet, and Michel Abattu.

### Does Aquasourca participate in fund commitments or only direct deals?

The firm executes direct co-investments and SPVs. It also maintains a fund-of-funds sleeve managed by Jean-Eudes Leleu since January 2025.

### What investment stages does Aquasourca typically target?

Stages include venture capital, growth equity, and buyouts. The firm concentrates on small-cap opportunities in industry, services, and agri-food.

### How does Aquasourca source proprietary deal flow?

Sourcing occurs through the Lyon private-equity ecosystem and long-standing relationships with Bpifrance, Evolem, and Naxicap Partners. Board seats at portfolio companies provide additional origination.

### Which sectors does Aquasourca explicitly prioritize?

Priority sectors include AgriTech & FoodTech, Industrial Tech, and real estate. The firm also holds positions in FinTech, PropTech, Digital Health, Luxury, Sports & Wellness, Media & Entertainment, and Supply Chain & Logistics.

### What is Aquasourca's known posture on co-investments alongside external GPs?

The firm regularly co-invests with Bpifrance, Naxicap Partners, and Evolem. It also participates in club-style transactions through its Luxembourg and French vehicles.

## Related profiles

- [8090 Partners](https://altss.com/profile/8090-partners)
- [Hartinger Group](https://altss.com/profile/hartinger-group-hartinger-family-office)

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Last updated: 2026-08-10T15:54:10.904Z

Canonical page: https://altss.com/profile/aquasourca

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