Jasmin

Jasmin Capital published its 12th annual newsletter in 2025, featuring analysis of the latest trends in management company consolidation along with exclusive interviews with market experts.

The newsletter included insights from Antoine Ernoult-Dairaine, Partner at Sagard's MidCap LBO fund, and Philippe Ferneini, Partner at StepStone within the secondary LBO activities.

In April 2025, Founding Partner Jean-Christel Trabarel appeared on BFM Business's "Inside Private Equity" program, providing market commentary on private markets trends.

The firm also received coverage in L'Agefi in May 2025, highlighting its market activities and thought leadership.

The appointment of Paul Mergier as Chief Operating Officer in 2024 represented a significant addition to the firm's capabilities, bringing private equity legal and fund structuring expertise from his previous roles at Jones Day and Chammas & Marcheteau law firms.

This hire signals the firm's continued investment in operational infrastructure and regulatory capabilities.

Jasmin Capital's leadership combines deep industry expertise with diverse professional backgrounds:

Jean-Christel Trabarel, Founding Partner: Jean-Christel founded Jasmin Capital and is based in Paris.

He graduated from INSA Toulouse engineering school and Toulouse School of Economics.

Before establishing the firm in 2011, he worked for 15 years at strategic consulting firms advising GPs and institutional investors.

He is fluent in English and French and regularly provides market commentary, including appearances on BFM Business's "Inside Private Equity" program.

Gilles Morel, Partner: Gilles joined Jasmin Capital as Partner in 2022.

He previously served as Executive Director of the Equity Capital Markets team at Natixis Investment Banking.

Gilles began his career at ODDO BHF Banking, working in Corporate Finance (2007-2012) and Equity Capital Markets (2013-2014) departments.

He holds a Master's degree from ESCP Europe Business School and speaks French and English.

Vincent Goupil, Partner: Vincent joined Jasmin Capital in 2017 and is based in Paris.

A graduate of NEOMA Business School, he previously worked as an Analyst in a strategic consulting firm and completed an internship at Jasmin Capital before joining full-time.

He speaks English, French, and Spanish.

Paul Mergier, Chief Operating Officer: Paul joined Jasmin Capital as Chief Operating Officer in 2024.

He previously worked as a lawyer in the private equity and funds' structuring departments at Jones Day and Chammas & Marcheteau, bringing legal and operational expertise to the firm's infrastructure.

This profile was compiled from the following sources:

- Jasmin Capital Official Website: Company information, services overview, regulatory details

• Jasmin Capital Team Page: Executive biographies and professional backgrounds
• Jasmin Capital News & Publications: Recent newsletters, media appearances, and thought leadership
• Jasmin Capital Clients: Successfully completed projects and client relationships
• Exa Research: Industry analysis and company overview of Jasmin Capital's market positioning

Jasmin Capital is a specialized private markets advisory firm founded in 2011, focused exclusively on non-listed investments across private equity, infrastructure, and private debt asset classes.

Based in Paris with additional presence in Brussels, the firm serves as a bridge between General Partners (GPs) seeking capital and institutional Limited Partners (LPs) looking for investment opportunities.

Since its founding, Jasmin Capital has positioned itself as one of the leading placement agents in European private markets, advising on fundraises ranging from €100 million to several billion euros.

The firm is regulated in Canada and operates under chaperoning agreements in the United States, Japan, and South Korea, reflecting its commitment to global compliance standards.

As a registered Conseil en Investissement Financier, Jasmin Capital is a member of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers (AMF number E002432 / ORIAS 13000792).

The firm has built its reputation on an international team dedicated to private markets, maintaining an extensive network of LPs and GPs spanning Europe, North America, Asia, the Middle East, and Australia.

With approximately 17 professionals, Jasmin Capital emphasizes adaptability, flexibility, and a proven track record in both primary fundraising and secondary transaction advisory.

The firm's multi-jurisdictional regulatory framework and global operating capability distinguish it within the competitive placement agent landscape.

Jasmin Capital offers a comprehensive suite of services tailored to the private markets ecosystem:

Placement Agent Services: The firm advises and supports management companies with fundraising campaigns in private equity, infrastructure, and private debt, handling mandates with global or European coverage for funds ranging from €100 million to multi-billion euro vehicles.

Secondary Transactions Advisory: Jasmin Capital provides specialized counsel on secondary market transactions, helping GPs and LPs navigate liquidity solutions and portfolio repositioning strategies in the private markets.

Co-Investment Syndication: The firm facilitates co-investment opportunities, connecting institutional investors with direct investment opportunities alongside fund commitments.

Marketing and Corporate Image Studies: Jasmin Capital assists management companies with positioning, branding, and market perception analysis to enhance their fundraising capabilities and market presence.

Mergers of Management Companies: The firm advises on consolidation opportunities within the asset management industry, facilitating strategic combinations and acquisitions of GP firms.

Advisory Services for Family Offices and Institutional Investors: Jasmin Capital provides bespoke investment advisory for family offices and institutional investors seeking exposure to non-listed assets, including portfolio construction, manager selection, and strategic asset allocation guidance.

Jasmin Capital maintains its headquarters at 18, avenue de Messine, 75008 Paris, France, with an additional office in Brussels, Belgium.

This dual European presence enables the firm to serve both French and broader Continental European markets effectively.

Beyond its physical offices, Jasmin Capital has established regulatory relationships that enable global operations.

The firm is regulated in Canada, providing direct access to Canadian institutional investors.

Additionally, it operates under chaperoning agreements in the United States, Japan, and South Korea, allowing it to conduct placement activities in these key markets while maintaining compliance with local securities regulations.

This regulatory framework, combined with its extensive LP and GP network across Europe, North America, Asia, the Middle East, and Australia, positions Jasmin Capital as a truly international advisor despite its relatively compact team structure.

Jasmin Capital has carved out a distinctive niche within private markets by focusing exclusively on non-listed investments across three core asset classes: private equity, infrastructure, and private debt.

Unlike generalist placement agents, the firm has developed deep domain expertise specifically in these alternative asset categories.

The firm typically works on fundraising mandates for funds ranging from €100 million to several billion euros, positioning it to serve both mid-market specialists and large-cap managers.

Its mandate coverage includes both pan-European and global fundraising campaigns, reflecting the international nature of its LP relationships.

Jasmin Capital has also developed particular expertise in secondary market transactions, an increasingly important segment of private markets as investors seek liquidity solutions and portfolio optimization strategies.

The firm publishes the Jasmin Secondaries Index, demonstrating its thought leadership and analytical capabilities in this specialized market segment.

Additionally, the firm has positioned itself as an advisor on GP consolidation, helping navigate the trend toward scale and specialization among asset management firms.