FRAUD ALERT - VIGILANCE REQUESTED

Sienna draws attention to the risks of identity theft by individuals inciting private investors (individuals) to invest in fraudulent financial schemes. Sienna's employees do not directly approach private investors (individuals) and therefore urge the utmost vigilance by not responding to any investment and/or placement solicitation via emails, phone calls, or exchanges on social media/instant messaging. If you have transferred funds to a scammer, immediately contact your bank to block the transfer or request the return of the funds sent. You can report these practices via the government website: www.internet-signalement.gouv.fr

Conveyor Belt, Beer In Bottles, Brewery Factory Industrial Production Line

Investing in the real economy: supporting European SMEs and mid-caps

Scroll

A strategic challenge for Europe’s future

“SMEs and mid-caps are the backbone of the European economy: they total around 26.1 million companies, employ approximately 83 million people, and generate several thousand billion euros in value added – highlighting their central role in the economic resilience of the Union.”
(European Commission, SME Performance Review – Annual Report on European SMEs 2024/2025)

Recent crises, whether the Covid-19 pandemic, the war in Ukraine, or changes in the U.S. approach to European protection, have underscored how essential these companies are to European sovereignty. Yet, their access to financing remains limited, hindering their potential for innovation, international expansion, and growth.

SMEs and mid-caps 

SMEs as well as mid-cap companies play a central role in the French economy. Here are some key figures to illustrate their impact in terms of businesses and employment

Source : INSEE, Ministère de l’Économie

172 000 SME
5800 MID-CAPS
≈ €638,4 bl in added value
≈ 7,8 M job opportunities
Motion Blurred Fast Moving Water Bottles At Mineral Water Factory Production Line At Finishing Line In A Row Moving Queuing For Labelling Packing

Why invest in the real economy?

  • 01  Limited access to financing 
  • 02 A critical financing gap
Abstract Colorful Wavy Digital Landscape

 Limited access to financing 

Despite their central role, SMEs and mid-caps face significant difficulties in accessing financing: prudential regulations (Basel III/IV) and higher interest rates make obtaining credit more challenging

A Businessman Presses A White Calculator To Calculate Numbers In Company Financial Documents. The Finance Department Prepares Accounting Documents, Analyzing Income And Expenses In The Business.

A critical financing gap

The EU faces a financing gap of several hundred billion euros, with a lack of equity, long-term funding, and access to capital markets

Modern Office Building Detail, London

Private investment disparities

Abstract European Union Flag Golden Pins On Cork Board Globe

Europe’s strategic opportunity

Investing in SMEs and mid-caps helps bridge these gaps and strengthens Europe’s competitiveness against American and Asian players, while supporting innovation, employment, and economic sovereignty.

  • 03 Private investment disparities
  • 04 Europe’s strategic opportunity

Sienna Investment Managers’ expertise in support of the real economy

Investing in SMEs and mid-cap companies means supporting Europe’s growth, employment, innovation, and economic sovereignty. With its expertise in asset management, Sienna Investment Managers positions itself as a strategic partner to turn savings into a driver of sustainable development and strengthen the continent’s autonomy

Listed equity management

Investing in Small & MidCaps, future European and global leaders, with sustainable impact

 

Fixed-income management

Assisting mid-caps in bond offerings with solutions that are both tailored and sustainable

 

Private Debt & Direct Lending

Providing flexible, long-term, and sustainable financing tailored to companies’ needs

 

Your contacts for any topic related to the real economy

Contact us

Capture D'écran 2025 08 22 114929

Estelle Merger-Lévis

Sales Director for Institutional clients

+33 (0)6 61 84 64 01

Add contact

Estelle Merger-Lévis joined Sienna IM in 2025 as Sales Director for Institutional Clients. She was previously Head of Sales and a member of the Executive Committee at Schelcher Prince Gestion and Arkea Investment Services. Estelle joined the Arkea Group in 2012 to lead the international development of Schelcher Prince Gestion and Federal Finance Gestion. Prior to that, she spent 15 years in investment banking, working on the trading floors of CA CIB and CDC in France and London. In 2006, she was appointed Head of Structured Products Sales for the BeNeLux region at Natixis CIB. Estelle is a graduate of ESTP Paris and holds a Master of Science from the University of Birmingham as well as a Master in International Finance from HEC.

Capture D'écran 2025 09 04 133308

Laure Mahé

Investor Relations Officer

+33 (0) 1 53 76 99 91

Add contact

Laure joined Sienna Private Credit in December 2022 as an Institutional Client Relations Officer. She started her career at HSBC AM and then at Allianz Global Investors as a Tender Officer for both institutional and retail clients. In 2021, Laure joined CAPZA as Senior Product Manager for private debt and private equity funds. Laure is a graduate of Neoma Business School. 

 

Capture D'écran 2025 08 22 164821

Raphaëlle Atlani

Investor Relations Officer

+33 (0) 1 53 76 99 70

Add contact

After working for 2y in the sales Team at Egamo, Raphaëlle joined Sienne Private Credit in October 2022. Raphaëlle graduated from IAE Aix en Provence (accreditation AMBA & EQUIS). She has a Master degree in Marketing & Brand Management.

B41b8f0a 26f7 49ed 8c69 A8353ed0bfb2

Pierre-Antoine Nonotte-Varly

Sales Director for retail and wholesale clients

+33 (0)6 17 15 18 85

Add contact

Pierre-Antoine joined the Listed & Hybrid Assets branch of Sienna IM in 2022 (formerly Malakoff Humanis Gestion d’Actifs) as Sales Development Director. He began his career in the asset management sector at Amundi in 2009, where he spent seven years advising CAC40 and SBF120 companies on managing their employee savings schemes. In 2020, Pierre-Antoine moved to Allianz Global Investors as Senior Institutional Sales Manager, responsible for generating new business and overseeing a varied client portfolio. He is a graduate of Neoma Business School and holds a CAIA certificate.

4

Lucas Presier

Investor Relations Officer

Add contact

Lucas PRESIER, 26 years old, joined the listed asset management division of Sienna Investment Managers in September 2023 as an Investor Relations Officer. He began his career during his studies at a wealth management firm. He entered the asset management industry through an internship at Mandarine Gestion, where he worked as a Sales Assistant. He then joined Sienna Gestion in September 2022 for a one-year apprenticeship. Lucas holds a Master’s degree from the Grande École program as well as a Master of Science in Banking and International Finance from Toulouse Business School.

Capture D'écran 2025 09 19 111326

Laetitia Gaudenzi

Investor Relations Officer

+33 6 59 22 66 56

Add contact

Laetitia is an Investor Relations Associate at Sienna Expertise Listed Assets, working in the Sales department. She holds a Master’s in Finance from European Business School (2019) and has developed strong expertise in financial products and client relations. Her responsibilities include delivering external training to sales networks on Sienna’s offerings, preparing sales arguments, and managing RFPs for major corporate and broker clients. She has prior experience with firms like Mercer, AGRICA Epargne, and NATIXIS Interepargne, focusing on distribution networks, tracking commercial performance, and managing strategic accounts.

2

Bilel Marjaoui

Investor Relations Officer

+33 7 61 59 57 50

Add contact

Bilel Marjaoui, 27 years old, began his career in 2021 at DWS as a sales assistant, before joining Tikehau Capital where he held the position of investor relations associate for nearly two years. Following this experience, he embarked on an entrepreneurial venture in fundraising consulting for start-ups. Bilel holds a Master in Management (Grande École program) as well as an MSc in Market Finance & Investment from Skema Business School. He is also a Level III CFA candidate.

Capture D'écran 2025 09 19 110354

Cyril Grinblat

Investor Relations Officer

+33 6 65 81 65 02

Add contact

Cyril Grinblat, 44 years old, brings solid experience and a recognized academic background, with a Master’s degree in Banking and Finance from the University Paris I Panthéon-Sorbonne (2007). His professional career has led him to hold several key positions: in 2014 at Tocqueville Finance as Head of Business Development for wealth management advisors, asset management companies, and private banks; in 2018 at Roche-Brune AM, where he led external distribution activities; then in 2020 at APICIL AM, where he oversaw the launch of a new fund. More recently, in 2021, he joined VIE PLUS, where he was responsible for managing the product offering and developing solutions for financial advisors.