--- title: SWEN Capital Partners Sees Market Transformation Decade Ahead with Focus on Climate and Biodiversity Impact Investing description: "SWEN Capital Partners' CIO discusses market challenges and opportunities, highlighting a shift toward climate and biodiversity impact investing during a transformative decade. === Generated Summary: Jean-Philippe Richaud, CIO of SWEN Capital Partners, discusses the firm's evolution amid a transformative market environment. Drawing parallels to the post-tech bubble era, he describes the current period as a \"decade of transformation\" marked by fundraising challenges and slow investment paces. Despite these hurdles, Richaud highlights opportunities in climate change and biodiversity impact investing. SWEN is transitioning from ESG monitoring to measurable impact investing, aiming to create value for limited partners. Despite market difficulties, Richaud remains optimistic about deal activity, particularly in impact-focused opportunities." image: https://community.ipem-market.com/hubfs/Copy%20of%201600%20x%201200%20(4).png --- ## [![logo_IPEM-community_orange-1](https://community.ipem-market.com/hubfs/logo_IPEM-community_orange-1.svg "logo_IPEM-community_orange-1")](https://community.ipem-market.com/) [Follow us on LinkedIn ](https://www.linkedin.com/company/ipem_privateequity) [Follow us on Youtube ](https://www.youtube.com/@ipem?themeRefresh=1) [More information ](https://www.ipem-market.com/) [✕](https://community.ipem-market.com/swen-capital-partners-sees-market-transformation-decade-ahead-with-focus-on-climate-and-biodiversity-impact-investing#atbs-offcanvas-primary) [** ](https://community.ipem-market.com/swen-capital-partners-sees-market-transformation-decade-ahead-with-focus-on-climate-and-biodiversity-impact-investing#) Share - Jean-Philippe Richaud, Chief Investment Officer at SWEN Capital Partners, shares his view on the current market environment from IPEM Cannes 2025, the 10th edition of the conference. SWEN Capital Partners is a private markets platform that began as a fund-of-funds operation in 2008 and has since expanded into direct investing strategies. It manages close to €8 billion in assets under management across six investment strategies: two fund-of-funds verticals in private equity and infrastructure, and direct investments in infrastructure, two venture capitalstrategies, and mezzanine debt. In this interview, Jean-Philippe discusses the current market environment, exploringchallenges around fundraising and a slow dealmaking climate, while highlighting opportunities he sees in climate change and biodiversity-focused investments. Richaud emphasizes SWEN's evolution from ESG monitoring toward measurable impact investing as a key differentiator and value creation strategy for its LPs. ### Key Points from the Interview: - Market parallels to post-tech bubble transformation period: Jean-Philippe characterizes the current environment as the middle of a "decade of transformation" similar to the post-tech bubble era, with a slowdown in fundraising and extended challenges in dealmaking despite significant dry powder awaiting deployment. - Investment activity paradox between total deal value and volume: While 2023 showed satisfactory overall transaction value, the number of individual deals remained very low, creating a challenging dynamic where market participants have substantial capital to deploy but face limited investment opportunities at an appropriate pace. - Strategic emphasis shifts toward climate and biodiversity impact: SWEN is placing increasing emphasis on impact investing focused on climate change, energy transition,and biodiversity. It sees these as long-term trends that appealing to LPs and present attractive investment opportunities. - Evolution from ESG monitoring to measurable impact investing: Jean-Philippe notes that SWEN has always put a strong emphasis on ESG monitoring, which has appealed to LPs. It is now transitioning to detailed impact measurement and quantification across deals, building trust and alignment among its portfolio companies, employees, and investors. - Optimistic deal outlook despite market challenges: Despite fundraising difficulties and changing market conditions requiring careful management of refinancing and existing deals, Richaud expects a good year for deal activity, particularly in the impact-focused opportunities SWEN is looking at where dealflow remains strong.   ![Matt Robinson](https://community.ipem-market.com/hs-fs/hubfs/profile.jpeg?width=180&height=180&name=profile.jpeg) [Matt Robinson](https://community.ipem-market.com/author/matt-robinson) Matt Robinson is Head of Content & IPEM Community. He is responsible for the content business, including event programming, insights and partnerships. - [**](https://www.linkedin.com/in/mrobin/) [Previous ](https://community.ipem-market.com/private-equity-holds-breath-trump-gambles-decades-us-dominance) ### [Private Equity Holds its breath as Trump Gambles with Decades of US Dominance](https://community.ipem-market.com/private-equity-holds-breath-trump-gambles-decades-us-dominance) [Next ](https://community.ipem-market.com/nav-financing-surges-as-private-equity-firms-seek-performance-edge-says-17capitals-de-selancy) ### [NAV Financing Surges as Private Equity Firms Seek Performance Edge, Says 17Capital's de Selancy](https://community.ipem-market.com/nav-financing-surges-as-private-equity-firms-seek-performance-edge-says-17capitals-de-selancy) #### RELATED NEWS [![image](https://community.ipem-market.com/hubfs/IPEM%20Wealth%2026%20-%20YoutubeThumbnail%20_Artjom%20JalosaTVstudioInterviews.jpg)](https://community.ipem-market.com/no-blind-pool-no-waiting-just-deals) [Wealth](https://community.ipem-market.com/tag/wealth) ### [No Blind Pool. No Waiting. Just Deals.](https://community.ipem-market.com/no-blind-pool-no-waiting-just-deals) Artjom Jalosa, CEO of OVE Capital, introduced a model that challenges the very foundations of... By [Matt Robinson](https://community.ipem-market.com/author/matt-robinson) Mar 2 2026 [![image](https://community.ipem-market.com/hubfs/Copy%20of%201600%20x%201200%20(4).png)](https://community.ipem-market.com/evergreen-funds-disrupting-private-markets-as-education-gap-persists-for-wealth-investors-says-hamilton-lanes-hope) [IPEM TV](https://community.ipem-market.com/tag/ipem-tv) ### ["Evergreen Funds Disrupting Private Markets as Education Gap Persists for Wealth Investors, Says Hamilton Lane's Hope"](https://community.ipem-market.com/evergreen-funds-disrupting-private-markets-as-education-gap-persists-for-wealth-investors-says-hamilton-lanes-hope) Hamilton Lane's Richard Hope discusses how evergreen funds are simplifying private market... By [Matt Robinson](https://community.ipem-market.com/author/matt-robinson) Jun 9 2025 [![image](https://community.ipem-market.com/hubfs/1600%20x%201200%20(12).png)](https://community.ipem-market.com/impact-investing-insights-lp-gp-dynamics-and-emerging-trends) [Climate](https://community.ipem-market.com/tag/climate) ### [Impact Investing Insights: LP-GP Dynamics and Emerging Trends](https://community.ipem-market.com/impact-investing-insights-lp-gp-dynamics-and-emerging-trends) Explore the evolving dynamics of LP-GP relationships in climate impact investing, highlighting... By [James Williams](https://community.ipem-market.com/author/james-williams) Jun 24 2025 ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Matt Robinson", "url" : "https://community.ipem-market.com/author/matt-robinson" }, "dateModified" : "2025-07-15T13:59:48.786Z", "datePublished" : "2025-06-25T09:14:25.000Z", "headline" : "SWEN Capital Partners Sees Market Transformation Decade Ahead with Focus on Climate and Biodiversity Impact Investing", "image" : [ "https://community.ipem-market.com/hubfs/Copy%20of%201600%20x%201200%20(4).png" ], "mainEntityOfPage" : { "@id" : "https://community.ipem-market.com/swen-capital-partners-sees-market-transformation-decade-ahead-with-focus-on-climate-and-biodiversity-impact-investing", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://community.ipem-market.com/hubfs/IPEM%20Brand%20Identity/logo_IPEM_classique-orange.svg" }, "name" : "EUROPEXPO (IPEM)" } } ```