Our mission

Armen is a purpose driven company, as defined by the 2019 French "loi Pacte".

The Armen lighthouse is one of the most famous lighthouses on the Brittany coast, built between 1867 and 1881 off the Ile de Sein. An embodiment of foresight, resilience and trust, this century-old building has helped many sailors find their way through the rough waters of Brittany's western tip, while withstanding the onslaught of wind and deadly waves.

Like this lighthouse, Armen's mission is to: " Contribute as a trusted partner to a positive transformation of the private capital ecosystem and steer GPs and their portfolio companies towards a sustainable future in a responsible manner "

Our mission is defined by three objectives, which are translated into concrete goals at Armen level and at GP level. We have set ourselves internal ambitious goals to be achieved by the end of the lifetime of the fund. These targets will enable us to pave the way for a positive improvement at GP level. We therefore also defined quantified goals, applicable at GP level.

• Foster equal opportunities.
• Share economic value created internally, among GPs and among their portfolio companies.
  Check the results of the first edition of the Armen HEC Value Sharing Index: The dual objective of the annual index is to inform the market and have a positive impact on the governance of GPs while showcasing the best-in-class performers. We will monitor the index to define market practices, set objectives and measure the evolution of GPs over time.
• Mitigate climate change and protect biodiversity, by offering strategic support to GPs.

These targets will be monitored closely at least on a yearly basis, by the investment team and the mission committee.

The good execution of our mission will be ensured by a triple control mechanism:

• The mission committee, which brings its members together at least twice a year. The mission committee will monitor closely the operational KPIs set as part of the mission.
• The verification by an accredited and independent third-party, as framed per Loi PACTE.
• The indexation of the team remuneration.

The mission committee is composed of 5 members:

• Mr. Yannick Grandjean, chairman and co-founder of Sirsa, consulting firm in sustainable transformation, who founded the company in 2014 since he was convinced that finance has a leading role to play towards more sustainability, formerly in charge of sustainable development at Eurazeo and first coordinator of the ESG commission of France Invest between 2012 and 2014;

• Mrs. Dörte M. Höppner, chief sustainability officer and managing director of fundraising and investor relations at The Riverside Company, being notably in charge in her capacity of chief sustainability officer of leading The Riverside Company’s global ESG efforts, developing the sustainability strategy of the firm and acting as a spokesperson on ESG at industry conferences and towards the media;

• Mrs. Marta Jankovic, Senior Adviser for SFDR implementation at APG Asset Management, previously Director in BlackRock’s EMEA Investment Stewardship team, responsible for providing leadership on ESG research, implementation of sustainability insights in voting and engagement practice, as well as voting and engaging with public companies in the EMEA region;

• Mr. Eloïc Peyrache, professor of economics at HEC Paris since 2003 as well as managing director and dean of HEC Paris since January 2021, who founded the center of entrepreneurship and innovation at HEC Paris and has been in charge of HEC Paris’s equal opportunity policy;

• M. Renaud Tourmente, Deputy CEO and Chief Operating Officer at Armen Throughout his career, Renaud has faced the challenges of structuring and growing platforms and as such has developed a deep understanding and know-how of the operational aspects required for a management company to grow in a robust and sustainable manner.

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