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Pauline Lekieffre

Analyst

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At a glance

Full Name
Pauline Lekieffre
Title
Analyst (Private Equity & Debt Analyst)
Firm
Trocadero Capital Partners
Firm Type
Private equity / lower-mid-market growth & transmission and mezzanine (NOT angel investing — see note below)
Investment Stage
Growth capital, transmission/buyout (MBO/OBO) and mezzanine debt — not seed/angel
Check Size
Not individually disclosed; firm invests in European companies valued ~€10M–€100M (firm AUM ~€350M)
Target Company Profile
Established European SMEs and mid-market companies (PME / ETI)
Sector Focus
Diversified — consumer/retail & beauty, hospitality/tourism, manufacturing, professional services, digital/tech; plus an Article 9 environmental-impact strategy
Geographic Focus
France and Europe
Location
Paris, Île-de-France, France

Background

Pauline Lekieffre is (or was, as of the most recent public records) a Private Equity & Debt Analyst at Trocadero Capital Partners in Paris. She joined the firm during a period of team reinforcement, and Trocadero's own announcements name her among a cohort of hires (alongside Valérie Bouilhet-Ferri, Marine Cuadra and Elisabeth Preyer) as the firm built out its investment team. *(Trocadero's live team roster in 2026 no longer lists her, which suggests she may since have moved on; RocketReach still associates her with Trocadero. Her exact current employer could not be independently confirmed.)*

Before Trocadero, she accumulated experience across several financial institutions, primarily through analyst roles and internships in private equity and investment banking. Sources cite prior stints at Ardian and Amundi Private Equity (private equity), Nomura in the United Kingdom (investment banking, where she worked on mid-market M&A transactions), and Société Générale Corporate & Investment Banking (SGCIB).

On her education, she holds a Master's degree from ESCP Business School (cited as 2018–2020), with ESSCA (École Supérieure des Sciences Commerciales d'Angers) also appearing in her academic background.

At Trocadero she sits on the deal/execution side as an analyst supporting the firm's "Croissance & Transmission" (growth & transmission) activity, contributing to transaction analysis and portfolio work rather than acting as a check-writing decision-maker. Trocadero is led by founder and CEO Philippe Bruneau, with partners including Benjamin Fougerat and Nicolas Gagnez.

Investment Thesis & Focus

  • Operates within Trocadero Capital Partners' strategy, not a personal angel mandate. The firm positions itself as a partner to European SMEs and mid-market companies (PME/ETI), typically valued €10M–€100M.
  • Three firm strategies frame the work she supports:
  • Croissance & Transmission (Growth & Transmission): minority equity plus bond/mezzanine lending to support growth and ownership succession (MBO/OBO).
  • Environnement & Performance: an Article 9 impact strategy combining equity with operational support for decarbonization (led by Maud Minoustchin).
  • Obligations Relance: long-term financing under France's economic recovery plan.
  • Instruments span minority equity, mezzanine/bond financing, and recovery debt — i.e., flexible capital structures rather than pure venture equity.
  • Investment style emphasizes short decision-making circuits, reactivity, entrepreneurial culture, and hands-on value creation as a minority partner — the firm stresses its independence as central to its analysis.
  • Sector approach is generalist/diversified, evidenced by portfolio breadth across consumer, retail, services, industrial and digital businesses.

Notable Investments

  • Le Temps des Cerises (2022) — French fashion/apparel brand with an omnichannel model (~85 boutiques and 1,000+ resellers across France and Europe); Trocadero led a trio of investors backing the brand's acceleration.
  • Vistalid (2021) — French web-creation and SEO/referencing company (founded 2013 by Nicolas Roson and Julien Marsaudon); Trocadero backed a management buy-out (MBO), alongside the management team.
  • Groupe Pégase — Trocadero, with Andera Partners, supported the group's first build-up acquisition (of Aleo).

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