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François Becque
Vice President, Mid-Market Fund
François Becque
Mid-Market Fund TeamVice President, Mid-Market Fund
François joined PAI in 2023 as a member of the Mid-Market Fund Team. He has been involved in the VAMED care investment.
He has extensive experience of the mid-market segment having worked in the space since 2017 at Argos Wityu, where he focused on a variety of transactions in the consumer and industrials sectors. Prior to that, he worked at Estin & Co as a strategy consultant for two years.
François graduated from HEC in 2014. He also holds a Master’s degree in corporate and tax law from Université Paris I Panthéon-Sorbonne.
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Lucas Blanc
Investment Associate, Mid-Market Fund
Lucas Blanc
Mid-Market Fund TeamInvestment Associate, Mid-Market Fund
Lucas joined PAI in 2024 as a member of the Mid-Market Fund Team.
He joined from Oaktree Capital Management, where he spent three years focusing on mid-market transactions in the business services and industrials sectors in their Paris and London offices.
Prior to this, Lucas completed several internships at Hivest Capital Partners and Peugeot Invest.
Lucas graduated from ESCP Business School. He holds a Master’s Degree in Management from the Programme Grande Ecole.
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Jessica Cascelli
Investment Officer, Mid-Market Fund
Jessica Cascelli
Mid-Market Fund TeamInvestment Officer, Mid-Market Fund
Jessica joined PAI in 2021 as a member of the Mid-Market Fund Team. She has been involved in the Beautynova and Scrigno investments.
Prior to joining the MMF Team, she interned at PAI for one year, participating in the acquisition process of Pasubio, and previously completed an internship at Ardian.
Jessica holds a Bachelor’s Degree and a MSc in Business Administration and Management from Bocconi University in Milan.
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Michele Cibetti
Vice President, Mid-Market Fund
Michele Cibetti
Mid-Market Fund TeamVice President, Mid-Market Fund
Michele joined PAI in 2020 as a member of the Mid-Market Fund Team. He has been involved in the Beautynova, European Pizza Group and Scrigno investments.
He was previously at Digital Colony Partners where he worked as an Associate in the London Private Equity Team. Michele also brings three years of experience as an analyst for Credit Suisse.
Michele graduated from Bocconi University in Milan with a MSc in Finance and a BSc in Finance and Economics. He also completed an exchange programme in France with HEC Paris.
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Claudia Cuellar
Investment Officer, Mid-Market Fund
Claudia Cuellar
Mid-Market Fund TeamInvestment Officer, Mid-Market Fund
Claudia joined PAI in 2021 as a member of the Mid-Market Fund Team. She has been involved in the Uvesco investment.
She joined from Credit Suisse in London, where she worked for three years in M&A across multiple sectors.
Claudia holds a BSc in International Management and French from the University of Bath.
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Stefano Drago
Founding Partner, Mid-Market Fund
Stefano Drago
Mid-Market Fund TeamFounding Partner, Mid-Market Fund
Stefano joined PAI in 2005. In early 2020, he became one of the Founding Partners of the Mid-Market Fund Team. For PAI MMF, he has led the Amplitude Surgical, La Compagnie des Desserts, MyFlower, Nutripure and VAMED care investments.
Previously, he was the Partner responsible for investments in the Healthcare sector for the flagship fund and as such has been involved in several investments, most recently Zahneins, ELITechGroup, Ethypharm, Atos Medical, DomusVi and Cerba Healthcare. Outside of healthcare, he has been involved in the Kiloutou and Provimi investments.
He started his career within the R&D department of France Telecom (now Orange) for three years, and then spent four years with McKinsey & Company in their Italian and Singaporean offices, before joining PAI in 2005.
Stefano holds an MSc in Engineering from both Politecnico di Torino (Italy) and Telecom Paritech (France), as well as an MBA from INSEAD.
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José María García-Pont
Vice President, Mid-Market Fund
José María García-Pont
Mid-Market Fund TeamVice President, Mid-Market Fund
José joined PAI in 2020 as a member of the Mid-Market Fund Team. He has been involved in the Angulas Aguinaga and Uvesco investments.
He has extensive experience of the mid-market segment, having worked in the space since 2014, most notably at Abac Capital in Spain, where he was focused on the origination, execution, financing, monitoring and divestment of several deals.
Prior to that, he worked at the Boston Consulting Group as an Associate Consultant for two years.
José holds an MBA from MIT Sloan School of Management (Boston) as well as a Bachelor’s Degree and a MSc in Business Administration from ESADE Business School (Barcelona).
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Andreas Holtschneider
Partner, Mid-Market Fund
Andreas Holtschneider
Mid-Market Fund TeamPartner, Mid-Market Fund
Andreas joined PAI in 2024 as a member of the Mid-Market Fund Team. He has significant experience in the mid-market, particularly in Germany, and in the industrial, healthcare and business services sectors. He has been involved in the VAMED investment.
Previously, Andreas worked at Cathay Capital Private Equity, where he was a Partner covering the DACH region since 2015. Prior to this, Andreas was a Principal at Silverfleet Capital and an M&A adviser at Ferber & Co in Munich and ING Barings in London.
Andreas holds a degree in Business Administration from the University of Applied Sciences in Munich.
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Yasmine Karger
Vice President, Mid-Market Fund
Yasmine Karger
Mid-Market Fund TeamVice President, Mid-Market Fund
Yasmine joined PAI in 2022 as a member of the Mid-Market Fund Team. She has been involved in the Amplitude Surgical, Beautynova, La Compagnie des Desserts and Nutripure investments.
She joined from Argos Wityu, where she spent over two years working in multiple sectors. Prior to this, Yasmine worked two years in Investment Banking and Transaction Services at PwC and Rothschild.
Yasmine graduated from ESCP. She holds a Master’s Degree in Management from the Programme Grande Ecole.
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Lyna Lalami
Investment Officer, Mid-Market Fund
Lyna Lalami
Mid-Market Fund TeamInvestment Officer, Mid-Market Fund
Lyna joined PAI in 2021 as a member of the Mid-Market Fund Team. She has been involved in the La Compagnie des Desserts and Nutripure investments.
Prior to joining the MMF Team, she completed several internships including in M&A at Lazard Paris and BNP Paribas.
Lyna holds a Master’s Degree in Finance and Strategy from Sciences Po Paris, a bachelor in Economics and Social Sciences from Sciences Po Paris as well as a bachelor in Mathematics from La Sorbonne. She completed an exchange year at George Washington University in Washington DC.
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Andrea Lampugnani
Investment Associate, Mid-Market Fund
Andrea Lampugnani
Mid-Market Fund TeamInvestment Associate, Mid-Market Fund
Andrea joined PAI in 2025 as a member of the Investment Group.
He joined from Goldman Sachs, where he spent four years and worked as an Investment Banking Associate in the Industrial Team, having started there as an Analyst.
Andrea holds a Master’s degree from Bocconi University.
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Victor Marroquin
Investment Officer, Mid-Market Fund
Victor Marroquin
Mid-Market Fund TeamInvestment Officer, Mid-Market Fund
Victor joined PAI in 2022 as a member of the Mid-Market Fund Team. He has been involved in the Uvesco and VAMED care investments.
Prior to joining the MMF Team, he completed several internships including one at PAI, another as a Strategy Consultant at Metyis and two others as a Financial Analyst at Accuracy and EY in Spain.
Victor graduated from Polytechnic University of Catalonia (UPC) with a BEng and MSc in Industrial Engineering and holds a MSc in Management and International Finance from HEC Paris. He also completed an exchange programme at Grenoble INP (UGA) in France.
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Maxime Miossec
Conducting Officer - Finance Director Maxime Miossec
Mid-Market Fund TeamConducting Officer - Finance Director Maxime joined PAI in 2017 and is a member of the Mid-Market Fund Team.
Maxime has a combined experience in audit of nearly 10 years in Paris and Luxembourg. He worked at Deloitte in Paris for four years and then five years at KPMG in Luxembourg as an Audit Manager within the investment management sector, including private equity structures.
He holds a Master’s Degree in Finance from the University of Lyon, with a specialism in private equity and transactions.
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Mateo Pániker
Founding Partner, Mid-Market Fund
Mateo Pániker
Mid-Market Fund TeamFounding Partner, Mid-Market Fund
Mateo joined PAI in 2020 as one of the Founding Partners of the Mid-Market Fund Team. He has been involved in the Angulas Aguinaga and Uvesco investments.
He has strong experience in the Spanish and international private equity markets, having previously been with Ventura Equity Partners, where he was a Founding Partner, and spent close to 12 years at Investindustrial, where he was a Senior Principal in the Spanish office and a member of the Investment Committee. He has also worked as an Investment Executive at Corsabe Capital and started his career in investment banking at Citi.
Mateo holds an MBA from INSEAD and a BSc in Economics from the London School of Economics.
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Maximilian Runte
Investment Officer, Mid-Market Fund
Maximilian Runte
Mid-Market Fund TeamInvestment Officer, Mid-Market Fund
Maximilian joined PAI in 2021 as a member of the Mid-Market Fund Team. He has been involved in the European Pizza Group and VAMED care investments.
He joined from Rivean Capital where he worked for two years with a focus on mid-market transactions in the DACH region, having started his career at Gilde Healthcare Partners. He has worked on several transactions in the Healthcare and TMT sectors.
Maximilian graduated from King’s College London and holds a Master in Accounting and Finance from the University of St Gallen in Switzerland.
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Alexander Schober
Vice President, Mid-Market Fund
Alexander Schober
Mid-Market Fund TeamVice President, Mid-Market Fund
Alexander joined PAI in 2021 as a member of the Mid-Market Fund Team. He has been involved in the European Pizza Group and VAMED care investments.
He joined from Goldman Sachs in London, where he spent six years in the bank’s Private Equity division and was involved in numerous equity investment opportunities across a broad spectrum of industries.
Alexander graduated from the University of St. Gallen HSG in Switzerland and holds a Master of Science in International Finance from HEC.
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Miguel Vaquerizo
Investment Officer, Mid-Market Fund
Miguel Vaquerizo
Mid-Market Fund TeamInvestment Officer, Mid-Market Fund
Miguel joined PAI in 2023 as a member of the Mid-Market Fund Team.
He joined from L-GAM, where he spent over two years as an Investment Associate in the London office. Prior to that, he worked as a Consultant at The Boston Consulting Group in Spain for more than three years.
Miguel holds an MBA from Columbia Business School and a Bachelor’s degree in aerospace engineering from Universidad Politécnica de Madrid.
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Raffaele Vitale
Founding Partner, Mid-Market Fund Raffaele Vitale
Mid-Market Fund TeamFounding Partner, Mid-Market Fund Raffaele joined PAI in 2002 as a member of the Italy Team and has been involved in a number of investments including Beautynova, European Pizza Group, Gruppo Coin, La Compagnie des Desserts, Marcolin, Saeco, Scrigno, The Nuance Group and Uvesco. In 2020, he became one of the Founding Partners of the Mid-Market Fund Team.
Raffaele started his career in the Corporate Finance department of Chase Manhattan Bank in New York, London and Milan. In 1993, he became one of the Founding Partners of Vitale Borghesi & Co, which became part of the Lazard Group in 1998.
Raffaele graduated from Rollins College (USA) in Business Administration.