# MACSF

MACSF is an Insurance based in Paris, France.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Paris, France
- **Region:** Europe
- **Address:** Paris, France
- **Founded:** 1935
- **Assets under management:** Undisclosed
- **Website:** macsf.fr
- **LinkedIn:** https://www.linkedin.com/company/macsf

## Regulatory record

- **Reports private funds:** No

## About

MACSF is a mutual insurance company founded in 1935 in Puteaux, France. It provides insurance and financial services to healthcare professionals. MACSF offers a range of products including professional liability insurance, savings and retirement plans, health and life insurance, property and leisure insurance, auto insurance, and credit services.

## Sectors

- Real Estate
- Private Equity
- Infrastructure
- InsurTech

## People

- Stéphane Dessirier — Directeur Général

## Questions

### Who runs investment decisions at MACSF?

Stéphane Dessirier serves as Directeur Général of MACSF, overseeing both the insurance operations and the group's direct investment activities. The group does not publish a separate CIO or head-of-investments role, reflecting its integrated mutual structure where the balance sheet is managed internally rather than through an outsourced investment office.

### How does MACSF source its real estate and private-market deals?

MACSF sources deals primarily through direct relationships with other French institutional co-investors. Its network includes SMABTP, with whom it acquired the reinsurance platform Arundo Re, Caisse des Dépôts in the Emeis rescue consortium, and co-investment relationships with UI Investissement and Financière Dassault. This places MACSF within a tight Paris-based co-investment ecosystem rather than relying on broader auction processes.

### What property assets does MACSF own directly?

MACSF's direct property holdings include the Triangle de l'Arche office complex in La Défense, the 16 Avenue George V address in central Paris, the Twenty Campus student-residence network across six French cities, and the Foncière Médicale portfolio of healthcare properties throughout France. These are held as balance-sheet assets, not through external fund structures.

### Does MACSF invest in venture capital, and if so how?

Yes, MACSF accesses French venture and growth-stage opportunities through its participation in Founders Future, a vehicle co-backed by the Dassault family's holding company and the shipping-and-logistics group CMA CGM. This provides exposure to early-stage French innovation while keeping MACSF's own internal team focused on direct real estate and co-investment transactions.

## Related profiles

- [MacroView Investment Management](https://altss.com/profile/macroview-investment-management)
- [Macy's Pension Fund](https://altss.com/profile/macy-s-pension-fund)

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Last updated: 2026-06-03T20:00:00.000Z

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