{"id":16712,"date":"2026-11-06T15:23:26","date_gmt":"2026-11-06T14:23:26","guid":{"rendered":"https:\/\/balmontconseil.com\/?page_id=16712"},"modified":"2026-11-06T15:23:26","modified_gmt":"2026-11-06T14:23:26","slug":"lp-private-equity","status":"publish","type":"page","link":"https:\/\/balmontconseil.com\/en\/lp-private-equity\/","title":{"rendered":"Private equity : conseil \u00e0 Lyon"},"content":{"rendered":"\n<style>body:has(.bms){overflow-x:clip!important}#Content>.content_wrapper>.mfn-page-title,#Subheader{display:none!important}#Content{padding-top:0!important}#Content .bms{width:100vw;max-width:100vw;margin-left:calc(50% - 50vw);margin-right:calc(50% - 50vw);overflow-x:clip;background:var(--bg);color:var(--tx);font:400 18px\/1.55 var(--f);-webkit-font-smoothing:antialiased;text-align:left;--bg:#f5f3ee;--tx:#10130c;--mu:#666b5b;--ac:#c8f020;--dk:#0d0f0a;--ln:rgba(16,19,12,.09);--ease:cubic-bezier(.22,1,.36,1);--f:-apple-system,BlinkMacSystemFont,\"SF Pro Display\",\"Segoe 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var(--ln);border-radius:24px;padding:28px;box-shadow:0 20px 50px -34px rgba(16,19,12,.35)}#Content .bms .stats .st b{display:inline;font-size:clamp(30px,3.4vw,46px);font-weight:700;letter-spacing:-.03em;line-height:1.15;background:linear-gradient(transparent 62%,rgba(200,240,32,.7) 62%)}#Content .bms .stats .st span{display:block;margin-top:14px;font-size:15.5px;color:var(--mu);line-height:1.5}@media(max-width:900px){#Content .bms .stats{grid-template-columns:1fr}#Content .bms .ph img{aspect-ratio:16\/11;border-radius:26px}#Content .bms .float{left:10px;right:10px;max-width:none;bottom:-22px}#Content .bms .hero{padding-bottom:70px}}#Content .bms .fin .ghost{color:#f5f6f1!important}#Content .bms .fin .ghost:hover{background:#f5f6f1!important;color:#10130c!important}<\/style>\n\n\n\n<div class=\"bms\"><section class=\"hero\"><div class=\"wrap hg\">\n<div class=\"hl\">\n<span class=\"chip\">Private equity<\/span>\n<h1>Private equity : investir dans des soci\u00e9t\u00e9s non cot\u00e9es, en connaissant les risques.<\/h1>\n<p class=\"sub\">Capital de PME, fonds, supports en unit\u00e9s de compte : plusieurs fa\u00e7ons d\u2019acc\u00e9der aux soci\u00e9t\u00e9s non cot\u00e9es. Toutes comportent un risque de perte en capital et une liquidit\u00e9 limit\u00e9e.<\/p>\n<a class=\"bigcta\" id=\"hero-cta\" href=\"https:\/\/app.balmontconseil.com\/rdv?utm_source=balmontconseil&amp;utm_medium=landing&amp;utm_campaign=lp-private-equity&amp;utm_content=hero\">Prendre rendez-vous<b><i><\/i><\/b><\/a>\n<a class=\"alt\" href=\"https:\/\/balmontconseil.com\/reduction-d-impot-ir-pme-principe-taux-et-plafonds\/\">Voir la r\u00e9duction d\u2019imp\u00f4t IR-PME<\/a>\n<ul class=\"checks\"><li>Risque de perte en capital pr\u00e9sent\u00e9 d\u00e8s le d\u00e9part<\/li><li>Horizon de placement long, titres non cot\u00e9s<\/li><li>Cabinet immatricul\u00e9 \u00e0 l\u2019ORIAS sous le n\u00b0 13003497<\/li><\/ul>\n<p class=\"note\">Vous choisissez un cr\u00e9neau sur le calendrier de Balmont Conseil.<\/p>\n<\/div>\n<div class=\"ph\"><img decoding=\"async\" src=\"https:\/\/balmontconseil.com\/wp-content\/uploads\/2026\/11\/taxe-transactions-financieres-ttf-visuel.webp\" width=\"1344\" height=\"752\" alt=\"Tours de bureaux en verre d\u2019un quartier d\u2019affaires europ\u00e9en sous un ciel bleu\" fetchpriority=\"high\"><div class=\"float\"><strong>Le risque est pr\u00e9sent\u00e9 d\u00e8s le d\u00e9part<\/strong><p>Titres non cot\u00e9s, horizon long, perte en capital possible.<\/p><\/div><\/div>\n<\/div><\/section>\n\n\n<div class=\"band\"><div><b>ORIAS 13003497<\/b><span>Courtier en assurances<\/span><\/div><div><b>Certifi\u00e9 AMF<\/b><span>Conseiller en investissements financiers et immobiliers<\/span><\/div><div><b>Bient\u00f4t 14 ans<\/b><span>de conseil \u00e0 Lyon<\/span><\/div><div><b>23 compagnies<\/b><span>d\u2019assurance et d\u2019\u00e9pargne partenaires<\/span><\/div><\/div>\n\n<section class=\"sec\" style=\"padding-top:clamp(50px,6vw,84px)\"><div class=\"wrap\"><div class=\"hd\"><h2>Les rep\u00e8res<\/h2><\/div><div class=\"stats\"><div class=\"st\"><b>18 %<\/b><span>de r\u00e9duction d\u2019imp\u00f4t en cas de souscription directe au capital d\u2019une PME, taux de droit commun.<\/span><\/div><div class=\"st\"><b>5 ans<\/b><span>de conservation des titres au minimum, pour ne pas remettre en cause la r\u00e9duction.<\/span><\/div><div class=\"st\"><b>10 000 \u20ac<\/b><span>de plafonnement global des avantages fiscaux par foyer et par an.<\/span><\/div><\/div><\/div><\/section>\n<section class=\"sec\"><div class=\"wrap\"><div class=\"hd\"><h2>Trois voies d\u2019acc\u00e8s<\/h2><\/div><p class=\"lead\">Le v\u00e9hicule change le risque, la liquidit\u00e9 et la fiscalit\u00e9.<\/p><div class=\"c3\"><div class=\"pc\"><h3>Le capital de PME en direct<\/h3><p>Vous souscrivez au capital d\u2019une soci\u00e9t\u00e9 non cot\u00e9e. La r\u00e9duction d\u2019imp\u00f4t IR-PME peut s\u2019appliquer sous conditions, avec un taux de droit commun de 18 %.<\/p><\/div><div class=\"pc\"><h3>Les fonds<\/h3><p>Un fonds regroupe des participations dans plusieurs soci\u00e9t\u00e9s. La r\u00e9duction d\u2019imp\u00f4t des FIP (hors Corse et outre-mer) et des FCPI a \u00e9t\u00e9 supprim\u00e9e par les lois de finances 2025 et 2026, sauf exceptions.<\/p><\/div><div class=\"pc\"><h3>Les supports d\u2019assurance-vie ou de PER<\/h3><p>Certains contrats proposent des unit\u00e9s de compte investies en private equity. Elles se logent dans l\u2019enveloppe fiscale du contrat, avec ses r\u00e8gles de retrait.<\/p><\/div><\/div><\/div><\/section>\n<section class=\"sec\"><div class=\"wrap\"><div class=\"hd\"><h2>Ce qu\u2019il faut avoir en t\u00eate avant de d\u00e9cider<\/h2><\/div><div class=\"tw\"><table><thead><tr><th>Point<\/th><th>Ce qu\u2019il faut savoir<\/th><\/tr><\/thead><tbody><tr><td>Perte en capital<\/td><td>Vous pouvez perdre tout ou partie du capital investi. Aucun avantage fiscal ne prot\u00e8ge le capital.<\/td><\/tr><tr><td>Liquidit\u00e9<\/td><td>Les titres ne sont pas n\u00e9goci\u00e9s sur un march\u00e9 r\u00e9glement\u00e9. Leur revente peut \u00eatre difficile ou longue.<\/td><\/tr><tr><td>Dur\u00e9e<\/td><td>Horizon long : au moins cinq ans de conservation pour l\u2019IR-PME, souvent davantage pour un fonds.<\/td><\/tr><tr><td>Avantage fiscal<\/td><td>Plafonn\u00e9 : la r\u00e9duction IR-PME entre dans le plafonnement global de 10 000 \u20ac. Une r\u00e9duction non imput\u00e9e n\u2019est pas rembours\u00e9e.<\/td><\/tr><tr><td>Concentration<\/td><td>Mieux vaut limiter la part du patrimoine investie dans des soci\u00e9t\u00e9s non cot\u00e9es.<\/td><\/tr><\/tbody><\/table><\/div><div class=\"risk\"><strong>\u00c0 savoir.<\/strong> Cette page pr\u00e9sente des m\u00e9canismes, pas une recommandation. Aucun r\u00e9sultat n\u2019est promis : la d\u00e9cision d\u00e9pend de votre situation, de votre horizon et de votre tol\u00e9rance au risque, \u00e9tudi\u00e9es avec vous lors d\u2019un rendez-vous.<\/div><\/div><\/section>\n<section class=\"sec\" style=\"padding-top:clamp(40px,5vw,70px)\"><div class=\"wrap\"><div class=\"mid\"><a class=\"bigcta\" href=\"https:\/\/app.balmontconseil.com\/rdv?utm_source=balmontconseil&amp;utm_medium=landing&amp;utm_campaign=lp-private-equity&amp;utm_content=milieu\">Prendre rendez-vous<b><i><\/i><\/b><\/a><\/div><p class=\"small\">Le private equity ne convient pas \u00e0 tout le monde : on regarde d\u2019abord votre situation.<\/p><\/div><\/section>\n<section class=\"sec\"><div class=\"wrap\"><div class=\"hd\"><h2>La r\u00e9duction d\u2019imp\u00f4t IR-PME en bref<\/h2><\/div><p class=\"lead\">Le d\u00e9tail, les conditions et un exemple chiffr\u00e9 sont dans notre page d\u00e9di\u00e9e.<\/p><div class=\"tw\"><table><thead><tr><th>\u00c9l\u00e9ment<\/th><th>Rep\u00e8re<\/th><\/tr><\/thead><tbody><tr><td>Taux de droit commun<\/td><td>18 % des versements<\/td><\/tr><tr><td>Plafond de versements retenus par an<\/td><td>50 000 \u20ac (personne seule), 100 000 \u20ac (couple mari\u00e9 ou pacs\u00e9)<\/td><\/tr><tr><td>Report de l\u2019exc\u00e9dent de versements<\/td><td>Sur les quatre ann\u00e9es suivantes, dans les m\u00eames limites<\/td><\/tr><tr><td>Conservation des titres<\/td><td>Jusqu\u2019\u00e0 la fin de la cinqui\u00e8me ann\u00e9e suivant la souscription<\/td><\/tr><tr><td>Taux major\u00e9s<\/td><td>JEI et JEIR : 30 % et 50 %. ESUS et SFS : \u00e0 v\u00e9rifier \u00e0 la date de votre versement<\/td><\/tr><\/tbody><\/table><\/div><p class=\"tnote\">Les r\u00e8gles ont \u00e9t\u00e9 modifi\u00e9es par les lois de finances 2025 et 2026 : le taux et le plafond applicables se lisent \u00e0 la date de votre versement.<\/p><\/div><\/section>\n<section class=\"sec\"><div class=\"wrap\"><div class=\"hd\"><h2>Vos questions<\/h2><\/div><div class=\"faq\"><details open><summary>Le private equity est-il r\u00e9serv\u00e9 aux gros patrimoines ?<\/summary><p>Pas n\u00e9cessairement, mais il convient surtout aux investisseurs qui peuvent immobiliser une partie de leur \u00e9pargne sur longue dur\u00e9e et supporter une perte en capital.<\/p><\/details><details><summary>La r\u00e9duction d\u2019imp\u00f4t garantit-elle mon investissement ?<\/summary><p>Non. La r\u00e9duction d\u2019imp\u00f4t n\u2019a aucun effet sur le risque de perte en capital.<\/p><\/details><details><summary>Que se passe-t-il si je vends avant cinq ans ?<\/summary><p>Pour l\u2019IR-PME, la r\u00e9duction peut \u00eatre remise en cause si vous c\u00e9dez avant le 31 d\u00e9cembre de la cinqui\u00e8me ann\u00e9e suivant la souscription, sauf exceptions pr\u00e9vues par les textes.<\/p><\/details><details><summary>Peut-on investir en private equity via son assurance-vie ?<\/summary><p>Certains contrats proposent des unit\u00e9s de compte investies en private equity. Elles suivent les r\u00e8gles du contrat, mais pr\u00e9sentent les m\u00eames risques de perte en capital et de liquidit\u00e9.<\/p><\/details><\/div><\/div><\/section>\n<section class=\"sec\"><div class=\"wrap\"><div class=\"hd\"><h2>Pour aller plus loin<\/h2><\/div><div class=\"links\"><a href=\"https:\/\/balmontconseil.com\/reduction-d-impot-ir-pme-principe-taux-et-plafonds\/\"><strong>IR-PME : taux et plafonds<\/strong><span>Principe, conditions, exemple chiffr\u00e9.<\/span><em>Lire \u2192<\/em><\/a><a href=\"https:\/\/balmontconseil.com\/fip-et-fcpi-reduction-d-impot-supprimee-2025-2026\/\"><strong>FIP et FCPI : r\u00e9duction supprim\u00e9e<\/strong><span>Ce qui a chang\u00e9 en 2025 et 2026.<\/span><em>Lire \u2192<\/em><\/a><a href=\"https:\/\/balmontconseil.com\/ressources\/simulateur-fcpi\/\"><strong>Simulateur FCPI<\/strong><span>Comparer avec vos chiffres.<\/span><em>Lire \u2192<\/em><\/a><a href=\"https:\/\/balmontconseil.com\/plafonnement-global-des-niches-fiscales-10-000-ou-18-000-euros\/\"><strong>Plafonnement des niches fiscales<\/strong><span>10 000 \u20ac ou 18 000 \u20ac.<\/span><em>Lire \u2192<\/em><\/a><a href=\"https:\/\/balmontconseil.com\/defiscalisation\/\"><strong>D\u00e9fiscalisation<\/strong><span>Tous les dispositifs en un coup d\u2019\u0153il.<\/span><em>Lire \u2192<\/em><\/a><a href=\"https:\/\/balmontconseil.com\/lexique\/limited-partner-et-general-partner\/\"><strong>Limited partner et general partner<\/strong><span>Les r\u00f4les dans un fonds.<\/span><em>Lire \u2192<\/em><\/a><\/div><\/div><\/section>\n<section class=\"fin\"><img decoding=\"async\" src=\"https:\/\/balmontconseil.com\/wp-content\/uploads\/2026\/10\/alexis-sagnier-fondateur-balmont-conseil.webp\" width=\"900\" height=\"1200\" alt=\"Alexis Sagnier, fondateur de Balmont Conseil\"><div><h2>Investir en non cot\u00e9 se pr\u00e9pare. Parlons-en avant.<\/h2><p>Alexis Sagnier, conseiller en investissements financiers et immobiliers, courtier en assurances, certifi\u00e9 AMF. Il r\u00e9pond du lundi au samedi, sauf le mercredi.<\/p><\/div><div><a class=\"bigcta\" href=\"https:\/\/app.balmontconseil.com\/rdv?utm_source=balmontconseil&amp;utm_medium=landing&amp;utm_campaign=lp-private-equity&amp;utm_content=final\">Prendre rendez-vous<b><i><\/i><\/b><\/a><a class=\"ghost\" href=\"https:\/\/balmontconseil.com\/reduction-d-impot-ir-pme-principe-taux-et-plafonds\/\">Voir la r\u00e9duction IR-PME<\/a><\/div><\/section>\n<p class=\"foot\">Informations g\u00e9n\u00e9rales, qui ne remplacent pas une \u00e9tude personnalis\u00e9e : les r\u00e8gles fiscales \u00e9voluent, v\u00e9rifiez-les \u00e0 la date de votre op\u00e9ration.<br>Balmont Conseil SASU \u00b7 80 rue Docteur Edmond Locard, B\u00e2timent C2, 69005 Lyon \u00b7 ORIAS 13003497<\/p>\n<div class=\"stk\" id=\"stk\"><a class=\"bigcta\" href=\"https:\/\/app.balmontconseil.com\/rdv?utm_source=balmontconseil&amp;utm_medium=landing&amp;utm_campaign=lp-private-equity&amp;utm_content=mobile-sticky\">Prendre rendez-vous<b><i><\/i><\/b><\/a><\/div>\n<script>(function(){var s=document.getElementById('stk'),h=document.getElementById('hero-cta');if(!s||!h)return;function f(){s.classList.toggle('on',h.getBoundingClientRect().bottom<0)}addEventListener('scroll',f,{passive:true});f()})();<\/script>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Private equity Private equity : investir dans des soci\u00e9t\u00e9s non cot\u00e9es, en connaissant les risques. Capital de PME, fonds, supports en unit\u00e9s de compte : plusieurs fa\u00e7ons d\u2019acc\u00e9der aux soci\u00e9t\u00e9s non cot\u00e9es.<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":5,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"mfn-post-hide-title":"","footnotes":""},"class_list":["post-16712","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/pages\/16712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/comments?post=16712"}],"version-history":[{"count":1,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/pages\/16712\/revisions"}],"predecessor-version":[{"id":16723,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/pages\/16712\/revisions\/16723"}],"wp:attachment":[{"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/media?parent=16712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}