Épopée Gestion

The firm invests exclusively in France's Atlantic Arc, a corridor stretching from Brittany through Pays de la Loire to Nouvelle-Aquitaine. Founders Charles Cabillic and Ronan Le Moal built the firm on the thesis that this region produces high-growth companies and tangible-asset deals underserved by Paris-based capital. The mandate covers early-stage digital startups, mid-market industrial SMEs, commercial real estate, and energy-infrastructure projects within this geography.

The firm operates four dedicated verticals, each with its own partnership and fund vehicles: Xplore (venture and seed-stage digital), Épopée Transitions (small-cap buyout and growth for SMEs), an OPPCI vehicle for sustainable real estate, and Épopée Infra Climat I for low-carbon infrastructure. This allows the manager to deploy across the capital structure — from equity in startups to hard-asset plays in regional logistics and energy — under a single roof.

President Laurent Dumas-Crouzillac oversees the firm alongside founders Charles Cabillic and Ronan Le Moal. Each vertical has a dedicated investment head: Vladimir Bolze and Camille Le Roux-Larsabal for venture, Arnaud Lehuédé for real estate, Aymeric Le Renard and Yoann Malys for small-cap growth, and Emmanuel Walliser for infrastructure. The firm's website confirms a platform structure where partners run approved investment committees within their mandates.

Épopée structures some transactions as club deals alongside regional co-investors. Its real estate director, Arnaud Lehuédé, has publicly stated the firm's preference for securing off-market opportunities directly rather than through intermediated broker processes. The firm's portfolio page also lists a dedicated 'Club Deal' track record, confirming it syndicates certain deals to its LP base and co-investors on a deal-by-deal basis.

The Xplore venture arm covers seed to growth-stage digital companies with initial tickets at formation and follow-on capacity through scale-up. The Épopée Transitions small-cap team targets majority and minority growth-equity and buyout positions in SMEs, often using instruments like the French Obligations Relance program, as seen in the Piriou shipbuilder deal. The real estate and infrastructure funds pursue development, value-add, and core-plus repositioning across brownfield and greenfield projects.

Épopée does not publish a negative list, but its confirmed sector tags and portfolio companies reveal a heavy tilt toward climate, industrial transition, mobility, and PropTech. It has no disclosed investments in biotech, deep drug discovery, or traditional fintech lending. The firm's activity is constrained by geography — it does not invest outside the Atlantic Arc — which serves as an implicit sector filter toward industries dominant in western France: agri-food, maritime, logistics, and deeptech spun out of regional engineering clusters.

Rather than relying on auction processes, the firm constructed a regional ecosystem to surface deals. It runs the annual 'Épopée Les 40' ranking of under-40 talent in Brittany and Nouvelle-Aquitaine, produces a leadership podcast interviewing regional executives, and is a founding partner of the West Web Festival, a digital-and-innovation event held during the Vieilles Charrues music festival. The real estate team, per Arnaud Lehuédé, explicitly targets off-market industrial and office acquisitions.