Entheos

Entheos operates as an evergreen holding company, not a typical closed-end fund. This structure eliminates fixed fund lives and the pressure to exit investments on a set timeline, allowing portfolio companies to pursue strategies aligned with long-term environmental and social objectives. The firm explicitly cites this as a way to reconcile corporate time horizons with shareholder patience.

Entheos targets French SMEs and mid-sized companies with EBITDA between €5 million and €50 million, writing equity or flexible-quasi-equity tickets of €2 million to €15 million. It pursues control and minority positions across buyouts, management buy-ins, growth capital, and co-investments. The stage coverage spans from mature small enterprises to established mid-market businesses undergoing transition.

Entheos states it selects companies compatible with a "sober, living, and resilient world," and its portfolio includes businesses in waste sorting, housing renovation, and natural health products. The firm aims to marry environmental impact with economic returns, using its evergreen timeline to support transitions without forcing premature exits.

Publicly available materials do not name individual partners or decision-makers. The firm's website references a team of experts and an ecosystem of executives and families, but specific principals responsible for investment committee approvals are not disclosed.