Solina Group

Jacques Veyrat is the sole principal and final decision-maker. He brings an operator's lens, having served as CEO of Neuf Cegetel before selling it to SFR in 2008. Stewardship of key positions, including Neoen and Immobilière Dassault, is executed through long-term Solina-appointed board members who run each holding more like a subsidiary than a passive portfolio position.

Solina sources deals through Veyrat's deep French industrial network rather than through a formal third-party pipeline. It does not operate as a co-investor alongside external GPs nor does it syndicate its own positions; Solina is a purely proprietary balance-sheet investor. Opportunities tend to arise from corporate carve-outs, public-to-private transactions like the 2018 creation of Immobilière Dassault, and platform builds where Veyrat can install his own management.

It functions as both. Legally it is a single-family office managing the Veyrat fortune, but its permanent-holdings posture — retaining control stakes indefinitely and inserting Solina operators into board-level governance — makes it resemble an industrial conglomerate. Limiting fundraising, no third-party reporting, and an all-direct portfolio reinforce the family-office character.

Jacques Veyrat co-founded Neoen in 2008, the same year he sold Neuf Cegetel. Over the next sixteen years, Solina Group was Neoen's controlling shareholder, leading the renewable developer through a 2018 IPO on Euronext Paris valued at approximately €1.4 billion. In May 2024, Brookfield acquired a majority position and took Neoen private at a €6.1 billion valuation; Veyrat reinvested a minority stake alongside Brookfield.

Solina's history shows minimal venture-stage exposure. It targets mature, asset-heavy or brand-heavy businesses where control can be established — renewable infrastructure, prime real estate, and legacy manufacturing heritage like S.T. Dupont. Early-stage tech is absent from its disclosed holdings.

No independent philanthropic foundation is publicly associated with Solina Group or Jacques Veyrat, although standard French family-office inheritance structures are presumed. Solina operates as a single holding entity without a publicly marketed DAF or multi-generational family foundation, keeping a low profile relative to the size of its asset base.

Solina Group prefers indefinite holds but has demonstrated willingness to accept full-enterprise liquidity when the price reflects a long-duration asset's terminal value, as seen in the Brookfield take-private of Neoen. The simultaneous reinvestment of a minority stake in that deal signals Veyrat prioritizes ongoing influence over clean exits.