Private equity: the Auvergne-Rhône-Alpes Sovereign Wealth Fund (AURA) offered through life insurance to private investors, for regional investors

The Auvergne-Rhône-Alpes region is leading the way

In 2021, the famous Dynastar ski factory announces the repatriation of part of its production to the Sallanches (Haute-Savoie) site, thanks to aid from the Auvergne-Rhône-Alpes region of 1.2 million euros over three years. Other regional companies participating in the movement, occasionally with complementary aid from the France Relance national plan: the FFP2 Savoy International mask factory, the Vicat cement group, the Chamatex sports shoe manufacturer, Aledia, an SME specializing in screen manufacturing, or Europe Services, which specializes in snowmobiles… In December, the president of the region, Laurent Wauquiez, announced the adoption of a relocation plan of 1.2 billion euros over six years, in order to bring back 30,000 jobs in the strategic sectors. Since then, some 100 projects have received support from the region, totaling 3,100 jobs. At present, the region is moving at a higher speed with a “G6 relocation“Launched on May 10. Led by Stephanie Pernod, First Vice-President for Economics, Relocation and Regional Preference (sic), this group is based on six local partners: the President of the CCIR regional trade and industry), chairman of the regional Medef, chairman of the regional CPME, chairman of the director of the Agency Auvergne-Rhône-Alpes Entreprises and regional director of Bpifrance.Accelerating relocations in our region requires de facto joint work and close collaboration with all economic actors in Auvergne-Rhône-Alpes“In a statement, the region emphasizes its ambition to become”the most attractive relocation ecosystem in Europe“.

Auvergne-Rhône-Alpes sovereign wealth fund open to individuals

The Auvergne-Rhône-Alpes region opened the first Sovereign Wealth Fund in mid-May to support the regional economy. Managed by the company Siparex in partnership with Groupama and APICIL, which funds, which come in the form of an Assurance Vie classique, is proposed part of Groupama in France, and intended to support SMEs and ETI (enterprise of intermediate size). ) unlisted in the territory to help them invest, innovate and conquer new markets. « The Auvergne-Rhône-Alpes region is the first industrial region in France. Thanks to this fund, people who have savings and want to invest it are told: There, your investment makes sense and you know where it is used. In the local economy and local jobs “, Explains Stéphanie Pernod-Beaudon, vice-president of the region in charge of the economy.

The investment capital specialist Siparex Group has already targeted five unlisted regional companies that will benefit from the € 100 million sovereign wealth fund. Three of them have their social place in the Rhône: the Pignat glassworks, the Eco-Déchets optimized collection and the MiHotel in luxury tourism.

Entrance ticket of € 2,000

Residents of Auvergne-Rhône-Alpes can invest through life insurance, proposed in all Groupama agencies. With an entrance ticket at 2000 € for those already insurance customers, and at 6000 € for other people.

Target performance?

No yield target is published. Pierre Taillardat, president of the Siparex sovereign wealth fund, says the revenue will be reasonable »:« In the current context, it can be said simply and in compliance with regulatory constraints that these returns are attractive compared to other asset classes. ». Not really accurate comment …


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