Private equity: the Sovereign Auvergne-Rhône-Alpes (AURA) fund offered via life insurance to individual investors, to invest regionally

The Auvergne-Rhône-Alpes region shows the way

In 2021, the famous ski manufacturer Dynastar announced the repatriation of part of its production to its site in Sallanches (Haute-Savoie), thanks to aid from the Auvergne-Rhône-Alpes region of 1.2 million euros. euros over three years. Other regional companies are taking part in this movement, sometimes with additional aid from the France Relance national plan: the manufacturer of FFP2 masks Savoy International, the cement group Vicat, the sports shoe manufacturer Chamatex, Aledia, an SME specializing in the manufacture of screens, or Europe Services, specializing in snow removal equipment… 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 strategic sectors. Since then, some 100 projects have obtained support from the region, totaling 3,100 jobs. Now the region kicks into high gear with a “G6 of relocation“, launched on May 10. Led by Stéphanie Pernod, first vice-president delegated to the economy, relocation and regional preference (sic), this group relies on six local partners: the president of the CCIR (Chamber of regional commerce and industry), the president of the regional Medef, the president of the regional CPME, the president of the management board of the Auvergne-Rhône-Alpes Entreprises agency and the regional director of Bpifrance.Accelerating relocations in our region requires de facto joint work and close collaboration with all the economic players in Auvergne-Rhône-Alpes.“, underlines, in a press release, the region, which aims to become “Europe’s most attractive relocation ecosystem“.

Auvergne-Rhône-Alpes sovereign fund open to individuals

The Auvergne-Rhône-Alpes region has opened since mid-May to individuals the first Sovereign Fund intended to support the regional economy. Managed by the company Siparex in partnership with Groupama and APICIL, this fund, which comes in the form of a classic life insurance policy, is offered everywhere in France by Groupama, and is intended to support SMEs and ETIs (medium-sized companies ) unlisted in the territory to help them invest, innovate and conquer new markets. ” The Auvergne-Rhône-Alpes region is France’s leading industrial region. Thanks to this fund, we tell people who have savings and who want to invest it: There, your investment has a meaning 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 Siparex group, a private equity specialist, has already targeted five unlisted regional companies that will benefit from the sovereign fund, which reaches 100 million euros. Three of them have their head office in the Rhône: the Pignat glassworks, optimized Eco-Waste collection and MiHotel in luxury tourism.

Entry ticket of €2,000

The inhabitants of Auvergne-Rhône-Alpes will be able to invest via life insurance, offered in all Groupama agencies. With an entry ticket of €2,000 for people who are already customers of the insurer, and €6,000 for others.

Objective return?

No return objective is published. Pierre Taillardat, president of the sovereign wealth fund Siparex, assures that the returns will be “ reasonable “: ” In the current context, we can say in a simple way and respecting the regulatory constraints, that these returns are attractive compared to other asset classes. “. Not really specific as a comment…


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