The judges selected AG2R La Mondiale as a winner for its clear and purposeful alternatives strategy, which demonstrates resilience and consistency in a challenging market environment. The approach combines external manager selection with the Domitys platform to deliver a well-integrated and scalable model, particularly in senior living. This focus reflects a strong understanding of demographic trends and positions the institution to capture long-term structural demand. The strategy stands out for aligning financial returns with measurable social outcomes, especially in addressing the needs of an ageing population in France. Sustainability considerations are embedded throughout the investment process, reinforcing the fund’s broader responsible investment commitments. Execution is disciplined and closely aligned with stated objectives, supported by a clear vision of how alternatives can enhance portfolio value. Overall, AG2R La Mondiale distinguishes itself through a balanced and forward-looking approach to alternatives investing.