Caisse des Dépôts et Consignations

Overview

Long-standing French public financial institution created in 1816, often described as the 'investment arm of the French State.' Co-owner (~49.18%) of Bpifrance alongside the French State, but maintains its own separate balance sheet and investment mandates spanning pension reserves, infrastructure and local-authority financing, distinct from Bpifrance's direct PE/VC fund activity -- the two are related but should not be treated as the same entity. Reported asset figures vary widely by measurement basis across sources (e.g., ~EUR 244bn managed AUM vs. ~EUR 1.32 trillion total consolidated balance sheet in 2022), so no single AUM figure is recorded here.

Key Facts

Type

Development Finance Institution

Geography focus

France (domestic public-policy mandate)