Caisse Autonome de Retraite des Anciens Combattants (CARAC)

Caisse Autonome de Retraite des Anciens Combattants (CARAC)

Caisse Autonome de Retraite des Anciens Combattants was established to administer retirement benefits for French veterans. Pierre Lara holds the role of President. The fund maintains a dedicated corporate foundation created in 2011 that directs grants toward historical memory projects and civic programs. Investment activity concentrates on real estate. Confirmed holdings include the Urban Garden office complex in Lyon valued at €160 million, the MMV l'Altaviva tourism residence in Tignes, a residential building at 165 rue de la Pompe in Paris, and a minority stake in the Stade de France operating company. Additional positions run through vehicles such as Générations Immo ISR and a 43-asset portfolio managed by Oiko Gestion. All assets sit inside France. The firm employs no disclosed headcount figure and lists no secondary offices. It owns controlling interests in Atream (51 percent), Selencia (100 percent), and Astoria (70 percent). A 30 percent limited-partner stake exists in Raise. In March 2026 the fund participated as a speaker at the Cercle Epargne & Retraite conference in Paris. Ownership of Atream supplies an internal real-estate asset-management platform that executes acquisitions and joint ventures without reliance on external fund commitments. The same vehicle holds the minority interest in GL Events.