Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.

Firms / PAI Partners

PAI Partners

CandidateParispaipartners.comSEC exempt reporting adviser

We create long-term value in the real economy by transforming market-leading companies into innovative and high-performing global players.

no sworn venture fact yet (name or round mention only)

Importance
49
elevated
Active deployment
33
moderate
Emerging
0
low
Completeness
75
high
Freshness
100
high
Research priority
14
low
Identity and regulatory footprint
Headquarters
Paris, Franceadviserinfo.sec.gov
Office address
232 RUE DE RIVOLI, Paris, 75001adviserinfo.sec.gov
Business phone
33143166325adviserinfo.sec.gov
SEC adviser type
exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
private fund adviseradviserinfo.sec.gov
Latest Form ADV
Mar 31, 2017
Private funds reported
14 (0 venture capital funds)adviserinfo.sec.gov
Private fund gross assets
$3.6Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Owners on Schedule A
Gavu Gestion Sprl (Member Of The Executive Committee), B; Carolles Participations (Member Of The Executive Committee), B
business phone
33143166325adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
2 observed deals
Stated (the firm’s website)
Sectors
healthcare, medtech, consumer, climate, logistics, industrial, gaming, media, b2b
Stages
not stated or not yet read
Geography
france, global, globally, uk
Check size
not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 100%
lead rate n/afollow-on rate n/anew logos, 12 months 2
Funds and vehicles
16 reported, 9 no longer reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
PAI Europe VIII, L.PFund2023 lp reportedActive deploymentunknownunknownunknownunknown
PAI Europe VIIFund2019 lp reportedMatureunknownunknownunknownunknown
PAI Europe VI - 1 ScspFund · ADV: Private Equity Fund2015 adv first reportedHarvest$382M
Mar 31, 2017
0unknownunknown
PAI Europe VI - 1 FcprFund · ADV: Private Equity Fund2014 adv first reportedHarvest$498M
Mar 31, 2017
0$0May 7, 2013
PAI Europe V - 3 FcprFund · ADV: Private Equity FundunknownUnknown$775M
Mar 31, 2017
73unknownunknown
PAI Europe V - 1 FcprFund · ADV: Private Equity FundunknownUnknown$774M
Mar 31, 2017
38unknownunknown
PAI Europe V - 2 FcprFund · ADV: Private Equity FundunknownUnknown$774M
Mar 31, 2017
78unknownunknown
PAI Europe IV - aFund · ADV: Private Equity FundunknownUnknown$73.7M
Mar 31, 2017
22unknownunknown
PAI Europe IV - B6Fund · ADV: Private Equity FundunknownUnknown$66.0M
Mar 31, 2017
28unknownunknown
PAI Europe V - 3Fund · ADV: Private Equity FundunknownUnknown$57.4M
Mar 31, 2017
73unknownunknown
PAI Europe V - 1Fund · ADV: Private Equity FundunknownUnknown$57.4M
Mar 31, 2017
76unknownunknown
PAI Europe V - 2Fund · ADV: Private Equity FundunknownUnknown$57.3M
Mar 31, 2017
78unknownunknown
PAI Europe IV - BFund · ADV: Private Equity FundunknownUnknown$49.2M
Mar 31, 2017
34unknownunknown
PAI Europe IV - B4Fund · ADV: Private Equity FundunknownUnknown$45.9M
Mar 31, 2017
24unknownunknown
PAI Europe IV - B2Fund · ADV: Private Equity FundunknownUnknown$12.5M
Mar 31, 2017
1unknownunknown
PAI Europe IV - B7Fund · ADV: Private Equity FundunknownUnknown$2.5M
Mar 31, 2017
1unknownunknown
PAI Europe III - B4Fund · ADV: Private Equity FundunknownWound down$102M
Mar 27, 2014
12unknownunknown
PAI Europe III - B2Fund · ADV: Private Equity FundunknownWound down$90.0M
Mar 27, 2014
9unknownunknown
PAI Europe III - BFund · ADV: Private Equity FundunknownWound down$78.0M
Mar 27, 2014
15unknownunknown
PAI Europe III - aFund · ADV: Private Equity FundunknownWound down$70.9M
Mar 27, 2014
5unknownunknown
PAI Europe III - B7Fund · ADV: Private Equity FundunknownWound down$65.5M
Mar 27, 2014
1unknownunknown
PAI Europe III - B6Fund · ADV: Private Equity FundunknownWound down$65.5M
Mar 27, 2014
1unknownunknown
PAI Europe III - B5Fund · ADV: Private Equity FundunknownWound down$65.5M
Mar 27, 2014
1unknownunknown
PAI Europe III - B3Fund · ADV: Private Equity FundunknownWound down$61.6M
Mar 27, 2014
11unknownunknown
PAI Lbo FundFund · ADV: Private Equity FundunknownWound down$510,748
Mar 27, 2014
10unknownunknown
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
7 current, 1 departed
Investments on record
2 edges, 2 companies, 0 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Case studiesportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
Whistleblowing policyportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
0 relationships from shared deals, counted for the whole firm
No co-investor relationship yet: these are derived only from rounds and portfolio listings the graph has seen both investors on.
Limited partners
5 disclosed
Timeline
39 dated events
  1. Dec 31, 2025
    PSERS reports PAI Europe VII, L.P.: $123,400,000 committed, vintage 2018, net IRR 13.5%, 1.59x
  2. Dec 31, 2025
    WSIB reports PAI Europe VIII, L.P.: $199,686,651 committed, vintage 2023, net IRR 18.3%, 1.3x
  3. Dec 31, 2025
    WSIB reports PAI Europe VII: $167,405,442 committed, vintage 2019, net IRR 13.5%, 1.6x
  4. Mar 29, 2016
    Lionel Zinsou (Ceo) no longer on Schedule A of PAI Partners
  5. Mar 30, 2015
    PAI Europe III - B no longer reported on Form ADV by PAI Partners
  6. Mar 30, 2015
    PAI Europe III - B3 no longer reported on Form ADV by PAI Partners
  7. Mar 30, 2015
    PAI Europe III - B7 no longer reported on Form ADV by PAI Partners
  8. Mar 30, 2015
    PAI Europe III - B6 no longer reported on Form ADV by PAI Partners
  9. Mar 30, 2015
    PAI Lbo Fund no longer reported on Form ADV by PAI Partners
  10. Mar 30, 2015
    PAI Europe III - a no longer reported on Form ADV by PAI Partners
  11. Mar 30, 2015
    PAI Europe VI - 1 Scsp first reported on Form ADV by PAI Partners (Private Equity Fund), GAV $217,295,911
  12. Mar 30, 2015
    PAI Europe III - B2 no longer reported on Form ADV by PAI Partners
  13. Mar 30, 2015
    PAI Europe III - B5 no longer reported on Form ADV by PAI Partners
  14. Mar 30, 2015
    PAI Europe III - B4 no longer reported on Form ADV by PAI Partners
  15. Jun 1, 2014
    Richard Howell joined Schedule A of PAI Partners as Member Of The Executive Committee
  16. Jun 1, 2014
    Nicolas Holzman joined Schedule A of PAI Partners as Member Of The Executive Committee
  17. Mar 27, 2014
    PAI Europe VI - 1 Fcpr first reported on Form ADV by PAI Partners (Private Equity Fund)
  18. Apr 2, 2012
    PAI Europe IV - B first reported on Form ADV by PAI Partners (Private Equity Fund), GAV $453,006,619
  19. Apr 2, 2012
    PAI Europe III - a first reported on Form ADV by PAI Partners (Private Equity Fund), GAV $70,868,648
  20. Apr 2, 2012
    PAI Europe III - B first reported on Form ADV by PAI Partners (Private Equity Fund), GAV $77,996,187
  21. Apr 2, 2012
    PAI Europe III - B2 first reported on Form ADV by PAI Partners (Private Equity Fund), GAV $90,035,536
  22. Apr 2, 2012
    PAI Europe III - B3 first reported on Form ADV by PAI Partners (Private Equity Fund), GAV $61,592,495
  23. Apr 2, 2012
    PAI Europe III - B4 first reported on Form ADV by PAI Partners (Private Equity Fund), GAV $101,861,759
  24. Apr 2, 2012
    PAI Partners first filed Form ADV (ERA, venture capital fund adviser exemption)
  25. Apr 2, 2012
    PAI Europe IV - B2 first reported on Form ADV by PAI Partners (Private Equity Fund), GAV $115,104,573
  26. Apr 2, 2012
    PAI Europe IV - B4 first reported on Form ADV by PAI Partners (Private Equity Fund), GAV $422,808,698
  27. Apr 2, 2012
    PAI Europe IV - B6 first reported on Form ADV by PAI Partners (Private Equity Fund), GAV $606,971,374
  28. Apr 2, 2012
    PAI Europe IV - B7 first reported on Form ADV by PAI Partners (Private Equity Fund), GAV $23,064,320
  29. Apr 2, 2012
    PAI Europe V - 1 first reported on Form ADV by PAI Partners (Private Equity Fund), GAV $161,758,715
  30. Apr 2, 2012
    PAI Lbo Fund first reported on Form ADV by PAI Partners (Private Equity Fund), GAV $510,748
  31. Apr 2, 2012
    PAI Europe V - 3 Fcpr first reported on Form ADV by PAI Partners (Private Equity Fund), GAV $193,637,688
  32. Apr 2, 2012
    PAI Europe V - 1 Fcpr first reported on Form ADV by PAI Partners (Private Equity Fund), GAV $193,443,419
  33. Apr 2, 2012
    PAI Europe V - 2 first reported on Form ADV by PAI Partners (Private Equity Fund), GAV $161,729,561
  34. Apr 2, 2012
    PAI Europe V - 2 Fcpr first reported on Form ADV by PAI Partners (Private Equity Fund), GAV $193,394,851
  35. Apr 2, 2012
    PAI Europe V - 3 first reported on Form ADV by PAI Partners (Private Equity Fund), GAV $161,922,940
  36. Apr 2, 2012
    PAI Europe III - B5 first reported on Form ADV by PAI Partners (Private Equity Fund), GAV $65,534,314
  37. Apr 2, 2012
    PAI Europe III - B6 first reported on Form ADV by PAI Partners (Private Equity Fund), GAV $65,535,688
  38. Apr 2, 2012
    PAI Europe III - B7 first reported on Form ADV by PAI Partners (Private Equity Fund), GAV $65,540,484
  39. Apr 2, 2012
    PAI Europe IV - a first reported on Form ADV by PAI Partners (Private Equity Fund), GAV $346,741,600
Classification history
  1. Sep 12, 2026
    Candidate (candidate, 50%, cls-1)
    no sworn venture fact yet (name or round mention only)
Evidence
34 observations from 2 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
SEC exemption claimedprivate_fund_adviserMar 31, 2017FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
SEC adviser typeexempt_reporting_adviserMar 31, 2017FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
First Form ADV filing2012-04-02Mar 31, 2017FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Adv history loadedadv-hist-1Sep 12, 2026FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Latest Form ADV filing2017-03-31Mar 31, 2017FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Venture share of reported funds0Mar 31, 2017FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Business phone33143166325Mar 31, 2017FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Contact page urlhttps://www.paipartners.com/wp-content/plugins/contact-form-7/includes/css/styles.css
contact page linked from the home page
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
DescriptionWe create long-term value in the real economy by transforming market-leading companies into innovative and high-performing global players.
meta description
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
DescriptionWe create long-term value in the real economy by transforming market-leading companies into innovative and high-performing global players.
meta description
Sep 13, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
HeadquartersParis, FranceMar 31, 2017FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Office address232 RUE DE RIVOLI, Paris, 75001Mar 31, 2017FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Legal formCorporationMar 31, 2017FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Portfolio pagehttps://www.paipartners.com/investments/
2 entries read
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Portfolio pagehttps://www.paipartners.com/investments/
2 entries read
Sep 13, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Private funds reported14Mar 31, 2017FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Private fund gross assets (reported)$3.6BMar 31, 2017FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Stated geographyfrance,global,globally,uk
geography words on the home page
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated geographyfrance,global,globally,uk
geography words on the home page
Sep 13, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated sectorshealthcare,medtech,consumer,climate,logistics,industrial,gaming,media,b2b
sector words on the home page
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated sectorshealthcare,medtech,consumer,climate,logistics,industrial,gaming,media,b2b
sector words on the home page
Sep 13, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Team pagehttps://www.paipartners.com/our-people/
0 name/title pairs read
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Team pagehttps://www.paipartners.com/our-people/
0 name/title pairs read
Sep 13, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Venture funds reported0Mar 31, 2017FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
WebsiteHTTP://WWW.PAIPARTNERS.COMMar 31, 2017FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Site titlePAI Partners | A pre-eminent private equity firm
title tag
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Site titlePAI Partners | A pre-eminent private equity firm
title tag
Sep 13, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)