# Kartesia

Kartesia is an Asset Manager based in Brussels, Belgium.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Brussels, Belgium
- **Region:** Europe
- **Address:** Brussels, Belgium
- **Founded:** 2013
- **Assets under management:** €8 billion (per the firm, 2025)
- **Website:** kartesia.com
- **LinkedIn:** https://www.linkedin.com/company/kartesia

## Regulatory record

- **CRD number:** 289175
- **SEC file number:** 802-111039
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/289175

## About

Kartesia is an exempt reporting adviser in LEUDELANGE. It advises on investment strategies. Kartesia is based in LEUDELANGE.

## Sectors

- Private Credit
- Infrastructure
- ClimateTech
- Healthcare Services
- Industrial Tech

## Offices

- Amsterdam
- London
- Luxembourg
- Madrid
- Milan
- Munich
- Paris

## People

- Laurent Bouvier — Founding Partner
- Matthieu Delamaire — Founding Partner

## Questions

### Who runs investment decisions at Kartesia?

Kartesia's investment decisions are overseen by an Investment Committee that includes founding partners Laurent Bouvier and Matthieu Delamaire. The firm also has dedicated strategy heads: Julien Rigon leads France, Guillermo Ferre leads Spain and Italy, Nick Holman leads the UK and Ireland, Benjamin Schall leads the DACH region, and Michael Htun heads the CLO and structured credit strategy (per the firm, 2025).

### What investment strategies does Kartesia offer?

Kartesia runs four complementary strategies: senior debt, mezzanine, high yield, and CLO liabilities. It also has a separate asset-based lending arm through Flexam, which focuses on decarbonization and transportation assets. The firm targets the European lower mid-market with tickets from €10 million to €150 million (per the firm, 2025).

### Which sectors does Kartesia typically invest in?

Kartesia's portfolio spans multiple sectors, including healthcare (ADL Biopharma), industrial manufacturing (Pyrex), packaging (Van De Velde), and food processing (Okechamp). The firm does not publish a list of avoided sectors but focuses on diversified lower mid-market companies across Europe (per the firm, 2025).

### How is Kartesia related to Flexam?

Kartesia acquired a majority stake in Flexam in 2023. Flexam is a mid-market debt manager specialized in asset-based financing, including finance leases and sale-leasebacks of tangible assets in transportation and logistics. The acquisition added a climate-focused lending capability to Kartesia's platform (per the firm, 2025).

### What is Kartesia's known posture on co-investments?

Kartesia structures its investments primarily through its own funds rather than co-investment vehicles. The firm partners with management teams and financial sponsors directly. It does not publicly disclose a co-investment program for external investors (per the firm, 2025).

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Last updated: 2026-08-14T12:30:00.000Z

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