France’s Fonds de Réserve pour les Retraites (FRR) is investing €20m in the Fonds Stratégique des Transitions (FST) fund, managed by ISALT, to support the growth of an innovative, low-carbon French industry.

The FST, which aims to raise more than €300m by the end of March 2025, plans to invest in 15 to 20 French industrial SMEs and mid-caps operating in strategic sectors such as alternative energies, the decarbonised industry, quality of life and technological innovation.

The FRR, a leading player in public asset management, said it is investing as part of its strategy to support sustainable and responsible growth while contributing to France's industrial development.

Commenting, FRR member of the board of directors, Adrien Perret, said: “The FRR's investment in the FST fund reflects our desire to support the development of an innovative and sustainable French industry. By supporting growing industrial SMEs and mid-caps, we are helping to structure a competitive and resilient ecosystem, aligned with the major environmental and technological challenges of our time.”

In addition, ISALT president, Nicolas Dubourg, said: “We are proud to count the FRR among the investors of the FST fund. This commitment strengthens our capacity to finance the industrial companies of tomorrow, by providing them with long-term capital, which is essential to their development and impact.”

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