The small cap team, headed by Eric Pencreach, consists of four investment experts Laurent Espic (partner), Francois Lory (director), Fabrice Crabie (associate) and Bertrand Dupray (analyst).

The small cap team works with companies valued between €5m and €30m within the framework of expansion capital and minority or majority buyouts.

The team manages two funds, LCL Regions Developpement and CAPE Regions Expansion, which invest single amounts of €2m to €6m.

Francois Lory began his career in 1998 at CIC Finance in M&A advisory and then private equity. In 2005, he became joint head of management of FIP local investment funds at Credit Mutuel / CIC.

Credit Agricole Private Equity is an asset-management subsidiary of Credit Agricole, specializing in direct private-equity investment in non-listed companies.

Credit Agricole Private Equity’s team of 100 professionals manages €3.3bn with expertise in LBO & expansion, venture capital, mezzanine, co-investment, renewable energy and PPP infrastructure.