Private EquityRIA · CRD 164148Exempt Reporting AdviserPrivate Fund Adviser

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Perceva

Perceva addresses situations in which companies face issues that absorb most of their resources and can weaken them, leaving the company in search of...

Perceva logo

Perceva

Perceva addresses situations in which companies face issues that absorb most of their resources and can weaken them, leaving the company in search of resources. It holds that any resource is useless unless it supports a viable business project that allows the company to bounce back and return to a path of growth.

General information

Firm type

Private Equity

Year founded

2007

Location

Region

Europe

Country

France

City

Paris

Corporate office

Paris, France

Principals

Jean-Louis Grevet

Managing Partner

Xavier Lépine

Managing Partner

Franck Kelif

Partner

Emmanuel Gaveau

Partner

Frequently asked questions

Who runs investment decisions at Perceva?

The partnership is led by Jean-Louis Grevet and Xavier Lépine, supported by Franck Kelif and Emmanuel Gaveau. The team operates with full independence in selecting and monitoring investments, drawing on Grevet's two-decade restructuring career — including leading Bankers Trust's French distressed-finance business — and Lépine's European and US financing background.

How does Perceva source its deals?

Perceva sources through its partners' deep ties within the French industrial, banking, and restructuring ecosystems. Grevet and Kelif both worked at Butler Capital Partners prior to co-founding Perceva, and Lépine spent time at ParkSquare and MezzVest, giving the firm a network that spans corporate carve-outs, family-held companies in distress, and complex public-to-private opportunities.

Does Perceva operate like a conventional private equity fund?

No. The firm does not market discrete fund vintages or fixed investment periods. It deploys capital it describes as patient and unconstrained by time, meaning it can hold investments for as long as a turnaround requires. This permanent-capital model separates it from traditional blind-pool buyout funds.

What is Perceva's stance on co-investments alongside external GPs?

The firm emphasizes its independence and direct, hands-on approach to portfolio companies. While it has not publicly disclosed active co-investment programs, its partners' histories — such as Grevet's work with Rémy-Cointreau and Lépine's financing of Gardena — often involved syndicated situations. Co-investment appetite should be confirmed directly with the partnership.

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