GBL Capital

GBL Capital is the private investment arm of Groupe Bruxelles Lambert (GBL), a Belgian investment holding company with a net asset value of €15.4 billion as of March 2025. GBL Capital invests in alternative asset classes, including private equity, venture capital, private debt, and secondaries, with a focus on long-term value creation. The firm has a diversified portfolio across various sectors and geographies, reflecting its commitment to sustainable growth and value creation.

The firm's investment strategy encompasses multiple stages, including buyouts, credit, venture capital, and growth investments. Geographically, GBL Capital has a presence in several European countries, including Belgium, France, Germany, Italy, the Netherlands, Spain, and Switzerland, as well as in the United States. This broad geographical focus enables the firm to leverage diverse market opportunities and manage risk effectively.

GBL Capital's portfolio includes investments in various industries, such as consumer goods, healthcare, clean technologies, battery materials, renewable energy, technology, financial services, industrial materials, services, digital assets, alternative assets, retail, automotive, media, and telecommunications. This diverse industry exposure underscores the firm's strategic approach to building a resilient and high-quality investment portfolio.

In March 2025, GBL Capital acquired a 5% stake in Sagard, a global multi-strategy alternative asset management firm, reinforcing its capital base and cementing its relationship as an anchor limited partner. This investment highlights GBL Capital's commitment to strengthening its partnerships and expanding its investment capabilities.

In November 2025, GBL Capital initiated a significant portfolio simplification by agreeing to divest €1.7 billion of net asset value, generating total cash proceeds of €1.5 billion. This strategic move aligns with GBL's priorities of portfolio simplification, direct private investments, and attractive shareholder returns. Following this divestment, GBL Capital will no longer be making new commitments, focusing instead on direct equity investments.

GBL Capital's investment philosophy emphasizes long-term value creation, supported by a stable family shareholder base. The firm's diversified portfolio and strategic investments reflect its commitment to delivering meaningful growth and attractive returns to its shareholders.