One of the advantages of Private Equity is that it is rooted in the real economy. It supports fast-growing companies, which create new jobs and thus economic dynamism.
Private Equity has thus become a powerful lever for attracting investment to the regions.
As Claude Sturni, Vice-President in charge of economic development, explains to the Gazette des Communes, " the Grand Est region has invested in 19 funds, 11 of which are still active, for a total of 92 million euros. Together with other investors, this has generated almost 400 million euros of capitalization in the region ".
" The public interest is compatible with investment, because the primary objective is not profitability, but project sustainability. And the involvement of private management companies is essential, as few local authorities have sufficient in-house expertise," explains Cédric Verpeaux, head of investments for the Territoires d'innovation program at the Banque des territoires.
Via its managers, Altaroc supports numerous companies in the French regions. Examples include Vitaprotech, based in Vaulx-en-Velin (Auvergne-Rhône-Alpes), and Vivacy, founded in 2007 in La Ravoire (Auvergne-Rhône-Alpes).
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