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Jocelyne Le Gal

Executive Director

Angel InvestorsSeed Round
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At a glance

Full Name
Jocelyne Le Gal (Le Gal-Damhet)
Title
Executive Director
Firm
ACE Management (Tikehau Ace Capital, a Tikehau Capital company)
Firm Type
Private equity investment firm (specialist in aerospace, defense, cybersecurity and maritime) — *not, in practice, an angel/seed vehicle despite the stub classification*
Investment Stage
Growth / expansion capital and buyouts (firm-level); the "Seed Round / Angel" tag in the source stub appears to be an aggregator misclassification
Sector Focus
Aerospace, defense, security, cybersecurity, maritime, and strategic industrial technologies
Geographic Focus
France (and broader Europe)
Location
Paris, France (10 Avenue de Messine, 75008; the firm also has offices in Toulouse and Bordeaux)

Background

Jocelyne Le Gal is a long-serving finance and operations executive at ACE Management, the French private-equity firm specializing in aerospace, defense, cybersecurity and maritime sectors that was acquired by Tikehau Capital in 2018 (becoming Tikehau Ace Capital). She joined ACE Management in 2000, in the year the firm was founded, and holds the title of Executive Director. Publicly available biographical material lists her among the firm's team on both the ACE Management and startup-investor directories.

Before joining ACE Management, Le Gal was in charge of the accounting and back-office department of Financière de Brienne, a role she had held since 1990. Earlier in her career she spent roughly seven years at an audit and tax firm, giving her a foundation in financial control, accounting and regulatory/tax matters that has anchored her career in fund administration and finance operations.

Her educational background is in accounting: she holds a DECS (Diplôme d'études comptables supérieures) in accounting, complemented by legal and tax certificates. Given this profile, her role within the firm is centered on finance, fund administration and back-office/operations rather than front-office deal origination — an important distinction versus the "angel investor" framing in the original stub data.

Investment Thesis & Focus

  • ACE Management / Tikehau Ace Capital pursues a sector-focused, vertical strategy in strategic industries and technologies: aerospace, defense, security, cybersecurity and maritime.
  • The firm's stated approach is to "accompany the industrial transformation and consolidation of technological companies with a view to creating leaders in their domains" — i.e., building national/European champions in dual-use and strategic sectors.
  • Capital is deployed largely as growth/expansion and consolidation capital for industrial and technology companies, not early-stage seed checks.
  • The firm's funds are backed by major European industrial groups as subscribers — Airbus, Safran, Dassault Aviation, Thales, Naval Group, EDF/CEA, Sopra Steria, Louis Dreyfus Armateurs — a strategic-LP model that shapes what it backs.
  • Fund families reflect the sector focus: Aerofund (aerospace), Brienne (defense/security/cyber) and Atalaya (maritime), historically ~€440–500M AUM, growing to ~€1.3bn under Tikehau.
  • Note: Jocelyne Le Gal's function is finance/administration and fund operations; she is not documented as a deal-leading partner setting a personal investment thesis.

Notable Investments

  • Tehtris — French cybersecurity company (XDR/EDR platform), backed via the Brienne/Aerofund strategy.
  • Tecalemit Aerospace — aerospace fluid/pneumatic systems supplier, an Aerofund III holding.
  • 3dTrust — additive manufacturing / 3D-printing software for industrial use, an Aerofund III holding.
  • Broader portfolio concentrated in manufacturing (~34%) and aerospace (~20%), consistent with the firm's aerospace/defense consolidation strategy.

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