# Massena Capital Partners

Massena Capital Partners is a Multi Family Office based in Paris, France.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Paris, France
- **Region:** Europe
- **Address:** Paris, France
- **Founded:** 1994
- **Assets under management:** more than €3 billion (Altss estimate)
- **Website:** massenapartners.com
- **LinkedIn:** https://www.linkedin.com/company/massena-partners

## Regulatory record

- **Reports private funds:** No

## About

Massena Capital Partners was established in 1994 by Frank Noël-Vandenberghe. The firm originated from his private equity activities and has remained under family-linked control while expanding to serve multiple families. The firm allocates across listed equities, private equity, real assets, credit and thematic alternatives. It executes through direct co-investments, SPVs, fund-of-funds commitments and secondaries. Confirmed vehicles include Powerhouse Habitat SCA in residential real estate, Officiis Properties SA in commercial property and Real Estate Opportunities Fund I SCSp. The portfolio spans Europe, North America and South America. Investment stages cover buyout and growth. Massena Capital Partners maintains a Paris headquarters. It employs professionals across investment, operations and client functions. Claude Lutz serves as Chief Operating Officer. Olivia Bernard previously acted as CFO of the private equity arm and held board roles at 100 Women in Finance. In 2018 Natixis Wealth Management acquired the firm. No operational events from the last 24 months appear in available records. The firm operates with a hybrid structure that integrates multi-family office services and dedicated real-asset platforms. This setup allows internal sourcing of co-investments alongside external managers while retaining control over allocation decisions for participating families.

## Sectors

- Healthcare Services

## People

- Frank Noël-Vandenberghe — Founder
- Claude Lutz — Chief Operating Officer
- Olivia Bernard — Former CFO

## Questions

### Who runs investment decisions at Massena Capital Partners?

Frank Noël-Vandenberghe founded the firm and continues to shape strategy. Claude Lutz serves as Chief Operating Officer across multiple entities. Olivia Bernard previously held the CFO role in the private equity division.

### How does Massena Capital Partners source proprietary deal flow?

The firm generates opportunities through its real-asset platforms and relationships with European families. It also participates in co-investments alongside external managers in private equity and credit.

### Is Massena Capital Partners structured as a single family office or does it operate more like a venture firm?

It functions as a multi-family office. The firm provides both discretionary portfolio management and advisory services to multiple European and international families.

### Does Massena Capital Partners participate in fund commitments or only direct deals?

The firm uses both approaches. It commits to funds and secondaries while also deploying through direct co-investments and SPVs in real estate and private equity.

### What investment stages does Massena Capital Partners typically target?

The firm targets buyout and growth stages. It also maintains exposure to distressed debt, mezzanine and turnaround situations through dedicated strategies.

### What is Massena Capital Partners known posture on co-investments alongside external GPs?

The firm actively offers tailored co-investment opportunities to its families. These sit alongside fund commitments in private equity, credit and thematic alternatives.

## Related profiles

- [Three Bell Capital](https://altss.com/profile/three-bell-capital-llc)
- [Selfinvest](https://altss.com/profile/selfinvest)

---

Last updated: 2026-08-10T15:54:10.904Z

Canonical page: https://altss.com/profile/massena-capital-partners

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology