# Parquest Capital

Parquest Capital is a private equity firm that makes buyout and growth investments in French mid-market companies, founded in 2002 as the French franchise of ING Parcom Private Equity and independent since April 2014.<sup>[1](https://www.gp-intel.com/gp/parquest-capital)</sup> The firm is owned entirely by its investment team, with its third fund closed at €414 million in June 2024 and deal and exit activity recorded into 2025 and 2026.<sup>[1](https://www.gp-intel.com/gp/parquest-capital)</sup>

## Key facts

| Fact | Detail |
|---|---|
| Founded | 2002 as the French franchise of ING Parcom Private Equity; independent management company since April 2014<sup>[1](https://www.gp-intel.com/gp/parquest-capital)</sup> |
| Strategy | Buyout and growth capital in French SMEs valued €20–200 million, up to €100 million per transaction<sup>[2](https://parquest.fr/en/presse/pr-parquest-fundraising/)</sup> |
| Funds | Parquest Capital I (2014, €300M), II (2017, €310M), III (June 2024, €414M)<sup>[1](https://www.gp-intel.com/gp/parquest-capital)</sup><sup> • </sup><sup>[2](https://parquest.fr/en/presse/pr-parquest-fundraising/)</sup> |
| Assets under management | €600 million as of 31 December 2024 (firm-reported)<sup>[3](https://parquest.fr/wp-content/uploads/2025/07/PARQUEST_RAPP_ESG_24_UK_DEF.pdf)</sup> |
| Track record | 36 companies supported since 2002; 80 add-on acquisitions<sup>[3](https://parquest.fr/wp-content/uploads/2025/07/PARQUEST_RAPP_ESG_24_UK_DEF.pdf)</sup> |
| Status | Active; latest reported events in 2025 and 2026<sup>[1](https://www.gp-intel.com/gp/parquest-capital)</sup> |

## History and people

Parquest began in 2002 as the French vehicle of ING Parcom Private Equity, the private equity arm associated with ING Insurance and [NN Group](https://www.edgepedia.org/nn-group). In April 2014 the team spun the business out as an independent management company, which it owns 100 percent.<sup>[1](https://www.gp-intel.com/gp/parquest-capital)</sup> The first fund raised under the independent structure closed in April 2014 and was anchored by NN Group, according to industry database records.<sup>[1](https://www.gp-intel.com/gp/parquest-capital)</sup>

The partner group recorded at the 2024 fund close includes Denis Le Chevallier, Guillaume Brian, Pierre Decré, Thomas Babinet, Laurence Bouttier, Vincent Warlop, and Camille Coutelet.<sup>[1](https://www.gp-intel.com/gp/parquest-capital)</sup> The June 2024 fund close brought a governance transition: Pierre Decré took over as Chairman, and Camille Coutelet and Guillaume Brian were promoted to Partner. The firm's 2024 ESG report states 20 professionals as of 31 December 2024.<sup>[3](https://parquest.fr/wp-content/uploads/2025/07/PARQUEST_RAPP_ESG_24_UK_DEF.pdf)</sup>

## Investment strategy

Parquest invests in French small and medium-sized enterprises valued between €20 million and €200 million, writing tickets of up to €100 million per transaction. The firm describes its focus as B-to-B services and healthcare, and its ESG report lists three prioritized sectors: health, software, and B2B services.<sup>[2](https://parquest.fr/en/presse/pr-parquest-fundraising/)</sup><sup> • </sup><sup>[3](https://parquest.fr/wp-content/uploads/2025/07/PARQUEST_RAPP_ESG_24_UK_DEF.pdf)</sup> The firm builds platforms through add-on acquisitions, with 80 add-ons recorded across its history.<sup>[3](https://parquest.fr/wp-content/uploads/2025/07/PARQUEST_RAPP_ESG_24_UK_DEF.pdf)</sup>

## Funds

Parquest has closed three funds under its independent structure:<sup>[4](https://www.privateequityinternational.com/institution-profiles/parquest-capital.html)</sup>

- **Parquest Capital I** (closed April 2014): €300 million, anchored by NN Group.<sup>[1](https://www.gp-intel.com/gp/parquest-capital)</sup>
- **Parquest Capital II** (closed May 2017): €310 million.<sup>[4](https://www.privateequityinternational.com/institution-profiles/parquest-capital.html)</sup><sup> • </sup><sup>[1](https://www.gp-intel.com/gp/parquest-capital)</sup>
- **Parquest Capital III** (closed June 2024): €414 million of limited partner commitments.<sup>[2](https://parquest.fr/en/presse/pr-parquest-fundraising/)</sup>

The third fund, launched in 2022, was oversubscribed above its initial €400 million target and is 34 percent larger than Parquest II. At the final close it was already 25 percent deployed, with three completed investments and a fourth pending. According to the firm's press release, commitments came from all existing limited partners plus fifteen new investors from France and internationally.<sup>[2](https://parquest.fr/en/presse/pr-parquest-fundraising/)</sup> The firm reports that 40 percent of its assets under management are classified as Article 8 under the EU's SFDR sustainability disclosure rules.<sup>[3](https://parquest.fr/wp-content/uploads/2025/07/PARQUEST_RAPP_ESG_24_UK_DEF.pdf)</sup>

The firm reported €600 million of assets under management as of 31 December 2024.<sup>[3](https://parquest.fr/wp-content/uploads/2025/07/PARQUEST_RAPP_ESG_24_UK_DEF.pdf)</sup> A GP Intel database profile lists approximately €850 million; this figure is unverified and conflicts with the firm's own reporting.<sup>[1](https://www.gp-intel.com/gp/parquest-capital)</sup>

## Portfolio and exits

Parquest reports 36 companies supported since 2002.<sup>[3](https://parquest.fr/wp-content/uploads/2025/07/PARQUEST_RAPP_ESG_24_UK_DEF.pdf)</sup> In 2024 the firm completed three full exits from Parquest II: Accès Industrie, Eres, and JVS.<sup>[3](https://parquest.fr/wp-content/uploads/2025/07/PARQUEST_RAPP_ESG_24_UK_DEF.pdf)</sup> Database records list further exits: Allen (2025, secondary), Sopral (2025, trade sale), and Aserti (2026, secondary).<sup>[1](https://www.gp-intel.com/gp/parquest-capital)</sup>

## Recent developments

In June 2024 the firm closed its largest fund, Parquest III at €414 million, alongside a leadership transition to Pierre Decré as Chairman and the promotion of two partners.<sup>[2](https://parquest.fr/en/presse/pr-parquest-fundraising/)</sup> During 2024 it added Vitalliance and Amelkis to the Fund III portfolio and exited three Fund II companies, ending the year with €600 million under management.<sup>[3](https://parquest.fr/wp-content/uploads/2025/07/PARQUEST_RAPP_ESG_24_UK_DEF.pdf)</sup> Deal and exit activity continued into 2025 and 2026, with the exits of Allen, Sopral, and Aserti.<sup>[1](https://www.gp-intel.com/gp/parquest-capital)</sup>

## References

1. [Parquest Capital | GP Intel](https://www.gp-intel.com/gp/parquest-capital)
2. [PR Parquest Fundraising – Parquest](https://parquest.fr/en/presse/pr-parquest-fundraising/)
3. [Parquest ESG Report 2024](https://parquest.fr/wp-content/uploads/2025/07/PARQUEST_RAPP_ESG_24_UK_DEF.pdf)
4. [Parquest Capital | Institution Profile | Private Equity International](https://www.privateequityinternational.com/institution-profiles/parquest-capital.html)

---
*Topic: Encyclopedia › Society and history › Economics and business › Finance › Venture capital and private equity › Venture capital firms of Europe, the Middle East, and Africa › Venture capital firms of Western Europe › Venture capital firms of France and the Benelux*

*Initially written Sep 17, 2026 · Edited: Oct 11, 2026; Oct 15, 2026*

*Copyright 2026 EdgeChat AI, a subsidiary of Biostate AI.*

License: Edgepedia Community License 1.0, https://www.edgepedia.org/edgepedia/license