# MGEN

MGEN is an Insurance based in Paris, France.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Paris, France
- **Region:** Europe
- **Address:** 3, square Max Hymans, 75748 Paris, France
- **Founded:** 1946
- **Assets under management:** 5.5B (Altss estimate)
- **Website:** www.mgen.fr
- **LinkedIn:** https://www.linkedin.com/company/mgen

## Regulatory record

- **Reports private funds:** No

## About

MGEN was founded in 1946 in Paris as a mutual organization providing social protection services. It focuses on health insurance for its members and maintains founding membership in the Groupe VYV union of mutuals. The firm allocates across insurance operations, real estate, and venture capital. It owns 51 percent of UMR and 100 percent of Europamut. Confirmed positions include limited partner commitments to Daphni Blue and Elaia Delta Fund. Geographic exposure centers on France with additional activity in Portugal and other European markets. MGEN controls a portfolio exceeding 120,000 square meters of real estate, including the headquarters at Square Max-Hymans and the Le Valmy complex in Montreuil. It maintains three foundations focused on health research and education. In February 2026 the firm sponsored Touraine Tech in Tours. MGEN operates through a mutual structure with ownership stakes in operating subsidiaries and co-investments alongside other French mutuals such as Harmonie Mutuelle.

## Sectors

- Healthcare
- Insurance

## Questions

### Who runs investment decisions at MGEN?

Investment decisions are executed through Egamo as long-term advisor alongside internal teams.

### Does MGEN participate in fund commitments or only direct deals?

MGEN acts as limited partner in venture funds including Daphni Blue and Elaia Delta Fund while holding direct ownership in UMR and Europamut.

### What asset classes does MGEN deploy into?

MGEN deploys into insurance operations, commercial real estate, and early-stage venture capital across France and Europe.

### How is MGEN related to Groupe VYV?

MGEN is a founding member and core pillar of the VYV union of mutuals.

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

MGEN co-invests with partners such as Harmonie Mutuelle in VYV-led subsidiaries.

### Where does MGEN source its capital?

MGEN generates capital from mutual health insurance premiums and bond issuance on Euronext Paris.

## Related profiles

- [Balfour Beatty Pension Trust](https://altss.com/profile/balfour-beatty-pension-trust)
- [Qihoo 360 Venture Capital](https://altss.com/profile/qihoo-360-venture-capital)

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

Canonical page: https://altss.com/profile/mgen

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