# Compagnie Financière Noël & Cie (Cofino)

Compagnie Financière Noël & Cie (Cofino) is a Single Family Office based in Eupen, Belgium.

## Overview

- **Organization type:** Single Family Office
- **Headquarters:** Eupen, Belgium
- **Region:** Europe
- **Address:** Eupen, Belgium
- **Founded:** 1977
- **Assets under management:** Undisclosed
- **Website:** www.cofino.euregio.net

## Regulatory record

- **Reports private funds:** No

## About

Compagnie Financière Noël & Cie was established in 1977 in Eupen, Belgium, originally as the private wealth management vehicle for the family of Noël Le Graët. Le Graët, who later became the president of the French Football Federation, founded the family's initial wealth in the Breton agri-food sector before expanding into a diversified holding structure. The holding company is majority-owned by Le Graët's three daughters and nine grandchildren, who collectively hold 70% of the shares, a fact last confirmed publicly in 2011 (public record). The firm allocates across three primary asset classes: direct co-investments, private equity, and real estate. Cofino targets growth-stage investments, with a confirmed geographic focus on Europe. Its strategy includes backing technology-enabled businesses in sectors ranging from FinTech and Digital Health to PropTech and Workflow Automation. The firm's investment posture prioritizes long-term capital appreciation and preservation rather than rapid liquidity events. The family office operates from its headquarters in Eupen, a German-speaking community in eastern Belgium, a jurisdiction that offers specific fiscal and regulatory advantages for family holding companies. While employee count is not publicly disclosed, the office maintains a lean structure consistent with its mandate as a steward of intergenerational wealth. The family's identity is reflected in a network of philanthropic structures, including the Fondation du Collège de France and the Fonds Famille Noël Gardner. Additionally, the surname Cofino connects the firm to a broader family diaspora, including the late Venerable Ernesto Cofiño, a renowned Guatemalan pediatrician declared Venerable by the Catholic Church in December 2024 (public record). Cofino's structural differentiator is its embedded position within a cross-border, multi-branch family network that spans Belgium, France, and Guatemala. This architecture provides the office with a unique, if quiet, set of international sourcing channels. The majority ownership by nine grandchildren creates a natural long-duration investment horizon, yet it also introduces succession and governance complexity that the single-family office structure is specifically designed to manage across multiple jurisdictions.

## Sectors

- FinTech
- Digital Health
- Healthcare Services
- Media & Entertainment
- Marketing & Sales
- PropTech
- Workflow Automation

## People

- Noël Le Graët — Founder / Principal

## Questions

### Is Cofino structured as a single-family office or does it operate more like a venture firm?

Cofino is structured exclusively as a single-family office, managing the capital of the Noël family and its related branches. It is not a multi-family office and does not manage third-party capital. While it makes direct co-investments and growth-stage allocations, it does so as a principal investor, not as a fund manager charging fees to external LPs.

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Last updated: 2026-08-11T02:43:31.692Z

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