Nouvelle-Aquitaine Co-Investment

The firm’s website does not name individual investment principals or a CIO. It states that internal experts evaluate each project rigorously before presenting it to a committee for deliberation. The identities of the committee members are not publicly disclosed.

Companies submit their projects directly through the NACO website. The fund’s team then conducts a scrupulous review focused on the project’s economic, social, and environmental stakes. There is no evidence of an external GP network or intermediary-led sourcing model.

Neither. NACO is a Fonds Régional de Co-investissement created by the Conseil Régional de Nouvelle-Aquitaine. It functions as a public co-investment vehicle, not a privately managed family office or venture capital partnership.

NACO targets early-stage startups and small to medium-sized enterprises. Its stated purpose is to provide a complementary equity injection to companies that need capital to accelerate transition-related projects. It does not delineate between Seed, Series A, or later-stage growth equity rounds in public materials.

The fund prioritizes companies engaged in three specific transitions: low-carbon operations (ecological), digital modernization, and broader corporate social responsibility. Its mandate is thematic rather than sector-narrow, spanning any industry within the Nouvelle-Aquitaine region that meets these transition criteria.

NACO was created at the direct initiative of the Région Nouvelle-Aquitaine. It acts as a dedicated financial instrument for the regional administration, deploying public capital to achieve territorial economic policy goals. The fund’s continued operation and governance are tied to this single public sponsor.

No. The fund is exclusively dedicated to enterprises located within the administrative region of Nouvelle-Aquitaine, which spans southwestern France. There is no mandate for national or cross-border investments.