Anthony Abenin

Infrastructure debt analyst
Anthony Abenin
Anthony Abenin

Anthony joined Rivage Investment in September 2023 as Infrastructure debt analyst.

Before joining Rivage, Anthony worked as an associate in the infrastructure advisory team of KPMG Corporate Finance in Paris. Anthony advised equity infrastructure funds in M&A transactions for wind and solar PV platforms in Europe. He was also involved in a wide range of deals such as hydroelectricity and green ammonia greenfield projects in Central and North Africa, and an airport concession renewal in France.
Anthony started his career within the Infrastructure team of CACIB before joining the Energy Transition team of Eiffel Investment Group, active in bridge financing for renewable projects.

Anthony graduated in Corporate Finance from EDHEC Business School.

Timothée Auffret

Infrastructure portfolio senior analyst
Timothée Auffret
Timothée Auffret

Timothée joined Rivage Investment in 2020 as an Analyst on infrastructure projects, mainly focused on portfolio management.

Timothée has 9 years of experience in financing at Societe Generale, including 5 as Portfolio Manager on infrastructure structured finance, as an Associate and then VP. He worked on Infrastructure, Energy (including Renewables) and Metals & Mining transactions, mostly EMEA-based.

He holds a degree from Sciences-Po Bordeaux (Masters in Finance)

Amal Baina

Infrastructure portfolio investment manager
Amal Baina
Amal Baina

Amal joined Rivage in 2014 as an analyst on infrastructure projects. She has 4-years’ experience in the energy sector both in France and Morocco.

Amal worked for the Moroccan Agency for Solar Energy (MASEN) where she was part of the team in charge of structuring the solar complex Noor in southern Morocco with a 500 MW capacity. Amal also had the opportunity to work as a financial analyst on renewable energy projects with the French IPP Akuo Energy and on structured finance solutions with Areva.

Amal graduated from ISCAE – Moroccan business school (Master in Finance) and Reims Management School (MSc International Finance). Amal also holds a masters degree in project and structured finance from Ecole des Ponts et Chaussées – Paris Ouest University.

Hervé Besnard

CEO
Hervé Besnard
Hervé Besnard

Hervé founded Rivage Investment in 2010, and is the CEO of the company.

Prior to that, Hervé was Managing Director at BNP Paribas. He was in charge of the credit structuring department and head of the European teams. Hervé started his career in the BNP Paribas infrastructure project finance department. Hervé has over 25 years of experience in structured finance and capital markets.

He has an engineering degree from l’Ecole Centrale Paris.

Pierre-Emmanuel Giroux

Investment director
Pierre-Emmanuel Giroux
Pierre-Emmanuel Giroux

Pierre-Emmanuel joined Rivage in 2022 as an Investment Director.

He has 12 years of experience in the infrastructure & energy sector: he has previously worked at BNP Paribas within the energy, resources and infrastructure team in Paris where he was a director since 2020.
He was involved in a wide range of transactions, executing underwriting / lead arranging as well as advisory mandates for infrastructure and renewable energy projects.
He brings international experience, having spent 1 year in New York (focusing on Latin America) and 7 years in Singapore (focusing on Asia Pacific) before moving back to Paris in 2018.

Pierre-Emmanuel graduated from INSA Lyon engineering school, specializing in energy and sustainability, and holds a specialized master’s degree from ESSEC Business School.

John Keeper

Investment director
John Keeper
John Keeper

John joined Rivage in 2016 as an analyst. He has over 9 years of experience in investments and advisory in both Paris and London.

John began his career within audit at PwC London, specialising in Investment Funds. He then joined Mercer Investments, where as an investment consultant he advised institutional investors on a range of investment matters, including: investment strategy, portfolio construction, liability management and manager selection.

John has a Bachelor’s Degree in Accounting and Finance and a Masters in Finance from the University of Glasgow, and a Masters in Project and Structured Finance from the Ecole des Ponts et Chaussées/ Paris Ouest University. He is also a CFA Charterholder.

Maxime Le Joncour

Investment manager
Maxime Le Joncour
Maxime Le Joncour

Maxime joined Rivage at the end of 2017 as an analyst. He had previously started his career in 2014 at HSBC as a project finance analyst before moving to BPI France as a financial analyst on Space, Telecom, Energy and Project Finance within the Export Insurance team. He was involved in analysis and risk assessment of export credit insurance applications for international project finance transactions.

Maxime graduated in Engineering at Ecole des Mines de Nancy and holds a Masters in Business from HEC Paris.

Clément Pagnoux

Infrastructure debt analyst
Clément Pagnoux
Clément Pagnoux

Clément joined Rivage in July 2022 as an infrastructure project analyst.

Before joining Rivage, Clément worked as an investment analyst at EDF in Santiago, Chile. Covering projects in Chile, Peru and Colombia, he was accompanying the local development teams on the structuring and financing of greenfield energy generation projects developed by EDF in the region.

Clément graduated in corporate finance from Neoma BS.

Pierre-Emmanuel Richard

Infrastructure debt analyst
Pierre-Emmanuel Richard
Pierre-Emmanuel Richard

Pierre-Emmanuel joined Rivage Investment in 2018 as an analyst, after 4 years at Deloitte.

He started his career in 2014 in Paris, working for Deloitte where, as a consultant in Transaction Services, he took part in many Financial Due Diligence processes analysing the main valuation drivers of M&A operations over many different sectors. In 2016, he then joined up the Financial Modelling team to work on the financial models supporting project financing in the fields of Energy and Infrastructure.

Pierre-Emmanuel graduated from Ecole de Management de Lyon.

Arnaud Serougne

Senior advisor infrastructure debt
Arnaud Serougne
Arnaud Serougne

Arnaud joined Rivage Investment in 2014 and is in charge of the origination and debt project management for our clients investments.

Arnaud has 20-years’ experience in capital markets and structured debt. He started his career in 1990 at the Compagnie Bancaire, the specialised financial services control holding group of Paribas. He was responsible for the finance and ALM activites until 1997. Then, he joined the Crédit Lyonnais as a senior originator, and was responsible for the bond syndication afterwards.

From 2001, Arnaud worked at WestLB AG in London as a senior originator for France and Southern Europe debt issuers. He worked in structured finance at WestLB Paris from 2006 to 2009 where he was responsible for the infrastructure sector, financial acquisition transactions and LBOs. From 2010 to mid 2014, Arnaud was senior originator in the infrastructure debt team of WestLB London where he refinanced Eiffarie and the A150 highway, then managed the “distressed debt” portfolio, where he actively contributed to the financial restructurings of several LBOs and France and Southern Europe projects.

Arnaud is a graduate from Centrale Paris and has an International Finance Master from HEC.