{"id":297,"date":"2026-01-29T15:08:06","date_gmt":"2026-01-29T14:08:06","guid":{"rendered":"https:\/\/balmontconseil.com\/?page_id=297"},"modified":"2026-08-26T18:45:25","modified_gmt":"2026-08-26T16:45:25","slug":"private-equity","status":"publish","type":"page","link":"https:\/\/balmontconseil.com\/en\/nos-solutions\/private-equity\/","title":{"rendered":"IR-PME and Private Equity: the art of investing in the real economy"},"content":{"rendered":"<p class=\"wp-block-paragraph\">\u00ab&quot;Alexis, the financial markets are too volatile and real estate is becoming complex. How can I make my savings worthwhile while seeking higher returns?&quot;\u00bb<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This question often marks the turning point of a <strong>investment strategy<\/strong> successful. For a long time <a href=\"https:\/\/balmontconseil.com\/en\/blog\/investissement-immobilier-international-securise\/\">reserved for institutional investors<\/a> and to the great fortunes, the <strong>private equity<\/strong> (Or <strong>private equity<\/strong>) is now open to informed individuals. At <strong>Balmont Conseil<\/strong>, We consider this asset to be the ultimate performance driver for a <strong>diversified portfolio<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As specialists in\u2019<a href=\"https:\/\/balmontconseil.com\/en\/ingenierie-patrimoniale\/\">wealth engineering<\/a>, Our mission is to open the doors of this closed market for you, by selecting the most resilient funds to transform your savings into a growth lever for the SMEs and mid-sized companies of tomorrow.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>1. What is Private Equity and how does it fit into wealth management?<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Definition: Investment at the heart of businesses<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">THE <strong>private equity<\/strong> It consists of taking stakes in the capital of unlisted companies. Unlike traditional financial markets where one buys shares of global companies (LVMH, Apple), the <strong>private equity<\/strong> allows you to directly finance the growth of local or sector-specific businesses.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>A cornerstone of wealth diversification<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">In a <strong><a href=\"https:\/\/balmontconseil.com\/en\/gestion-de-patrimoine\/\">wealth management<\/a><\/strong> In modern times, private equity acts as a long-term performance stabilizer. It allows for:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Disconnect from the stock markets:<\/strong> Unlisted companies do not experience the emotional fluctuations of daily stock market indices.<\/li>\n\n\n\n<li><strong>Supporting the real economy:<\/strong> Your capital is used for <strong>SME financing<\/strong>, to job creation and innovation.<\/li>\n\n\n\n<li><strong>Capture value early:<\/strong> You often invest before the company reaches a level of maturity where it is publicly traded.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>2. Advantages and risks: A clear-eyed analysis<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">L&#039;\u2019<strong>unlisted investment<\/strong> promises <strong>attractive returns<\/strong>, but it requires a nuanced understanding of the risk\/return trade-off.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>The Advantages<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Superior historical performance:<\/strong> Over the past 15 years, private equity has consistently outperformed stock market indices (CAC 40, S&amp;P 500) with <strong>Internal Rate of Return (IRR)<\/strong> often in two figures.<\/li>\n\n\n\n<li><strong>Active management:<\/strong> Fund managers are not mere spectators; they sit on the board of directors and drive the company&#039;s strategy.<\/li>\n\n\n\n<li><strong>Access to sectors of the future:<\/strong> Health, cybersecurity, <strong>energy transition<\/strong> And <strong>eco-responsibility<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>The Risks of Private Equity<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Illiquidity:<\/strong> This is the key point. Your money is locked in for a period of 7 to 10 years. You can&#039;t withdraw your funds with a single click like from a savings account.<\/li>\n\n\n\n<li><strong>The risk of capital loss:<\/strong> As with any investment in a company, the failure of a stake can impact the value of the fund.<\/li>\n\n\n\n<li><strong>The absence of immediate return:<\/strong> The first gains often only come after several years (J-shaped curve).<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>3. Access methods and taxation: The French framework<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Thanks to the evolution of the <strong>AMF regulations<\/strong>, The barriers at the entrance are lowered.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Entry tickets and duration<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Previously fixed at several hundred thousand euros, access is becoming more democratic with <strong>reduced entry tickets<\/strong> (from \u20ac1,000 or \u20ac5,000 via certain vehicles). The commitment period is generally <strong>8 to 10 years old<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Investment vehicles<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">THE <strong>private equity market<\/strong> In France, several structures are offered:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>FIP (Local Investment Fund):<\/strong> Invest in regional SMEs.<\/li>\n\n\n\n<li><strong>FCPI (Innovation Investment Funds):<\/strong> Oriented towards <strong>innovative companies<\/strong>.<\/li>\n\n\n\n<li><strong>FCPR (Venture Capital Funds):<\/strong> The most versatile, often accessible via life insurance.<\/li>\n\n\n\n<li><strong>Fund of funds:<\/strong> A secure solution that invests in several other funds for maximum diversification.<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>A privileged tax framework<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Investing in unlisted companies in France often allows you to benefit from income tax reductions (IR-PME scheme) or an exemption from capital gains on exit (excluding social security contributions) after 5 years of ownership.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>4. The different strategies of Private Equity<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Not all businesses have the same needs. Four main categories can be distinguished:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Innovation Capital (Venture Capital):<\/strong> Funding for startups at the creation stage. High risk, but strong multiplier potential.<\/li>\n\n\n\n<li><strong>Capital Development (Growth):<\/strong> Supporting profitable companies that want to expand internationally or launch new products.<\/li>\n\n\n\n<li><strong>Capital Transmission (LBO \u2013 Leveraged Buyout):<\/strong> Financing the acquisition of a company by a new management team, often with financial leverage.<\/li>\n\n\n\n<li><strong>Capital Turnaround:<\/strong> Investing in struggling companies with strong recovery potential.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>5. Who is Private Equity for?<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">This investment is not universal. It is suitable for the following profiles:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>The Private Wealth Manager:<\/strong> Seeking to diversify a portfolio already composed of real estate and life insurance.<\/li>\n\n\n\n<li><strong>The Business Leader:<\/strong> Understanding the challenges of unlisted companies and seeking a <strong>market resilience<\/strong> different.<\/li>\n\n\n\n<li><strong>The Long-Term Investor:<\/strong> Not needing immediate cash and seeking to protect their purchasing power against inflation.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>6. The essential personalized support of Balmont Conseil<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Choosing a private equity fund should never be based on a random brochure. That&#039;s where...\u2019<strong>expertise in private equity<\/strong> Balmont Conseil intervenes.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Why go through a specialist firm?<\/strong><\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Access to &quot;first-tier funds&quot;:<\/strong> The world&#039;s best fund managers often close their funds very quickly. Thanks to our networks, we give you access to opportunities closed to the general public.<\/li>\n\n\n\n<li><strong>Analysis of performance indicators:<\/strong> We decipher it for you <strong>Multiple on Invested Capital (MOIC)<\/strong>, THE <strong>SORTING<\/strong>, and the <strong>Total Value to Pay In (TVPI)<\/strong> to compare the actual performance of the managers.<\/li>\n\n\n\n<li><strong>Risk management:<\/strong> We are building a <strong>diversified portfolio<\/strong> (geographies, sectors, vintages) to smooth out economic cycles.<\/li>\n\n\n\n<li><strong>Sectoral Approach:<\/strong> We guide you towards the topics of tomorrow: health, AI, <strong>energy transition<\/strong> Or <strong>SME financing<\/strong> strategic.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>FAQ: Everything you need to know about Private Equity<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Q1. What is the difference between Private Equity and the Stock Exchange?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the stock market, you buy shares of liquid companies (which can be resold every second). In private equity, you buy shares of private companies with a long-term investment horizon, but with a greater ability to influence the active management of the company.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Q2. Is it possible to invest in Private Equity through a Life Insurance policy?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Yes, it&#039;s a strong trend. Many high-end life insurance contracts allow the inclusion of unit-linked funds such as FCPRs. This allows policyholders to benefit from the advantageous tax treatment of life insurance while gaining access to unlisted investments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Q3. What is the &quot;J-curve&quot; effect?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is a classic phenomenon: initially, the fund raises capital and pays management fees, causing the value to fall slightly. Then, over the years, the companies create value and are sold, which causes performance to rebound sharply.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Q4. How does Balmont Conseil select the funds?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">We analyze historical performance over at least three cycles, the stability of the management team, and the sector approach. We favor managers with a strong risk management culture.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Q5. Is Private Equity compatible with responsible investment?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Absolutely. Unlisted companies are the ideal environment for eco-responsibility. By directly financing a company, the fund can impose strict ESG (Environmental, Social and Governance) criteria, promoting the energy transition.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Q6. What is the average entry ticket price?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Thanks to the &quot;retailization&quot; of the market, solutions can be found starting from \u20ac5,000. However, for very selective LBO or Growth Capital funds, the investment can remain at \u20ac100,000.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Q7. What does the term &quot;Vintage&quot; mean?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is the fund&#039;s launch year. For optimal portfolio diversification, it is advisable to invest every year (spreading over several vintages) to avoid being dependent on the economic conditions of a single year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Q8. What are the associated costs?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">They are generally higher than in the stock market because the management is very active (management fees and &quot;carried interest&quot;, a performance fee that aligns the manager&#039;s interests with yours).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Q9. Does Private Equity protect against inflation?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Yes, because unlisted companies often have strong pricing power and their real assets appreciate over time.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Q10. What portion of my assets should I allocate to it?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Depending on your risk profile, we generally recommend between 5 % and 15 % of your overall allocation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Conclusion: The Real Economy, a New Frontier for Your Wealth<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">THE <strong>private equity<\/strong> is no longer an option for anyone who wants to build a <strong>investment strategy<\/strong> Robust and efficient. It&#039;s a return to the roots of finance: investing in the talent of entrepreneurs to reap the rewards of growth.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At the house of <strong>Balmont Conseil<\/strong>, We combine technological innovation with on-the-ground human expertise to offer you a <strong>personalized support<\/strong> in this exciting world. Stop being a victim of the financial markets, become a player in the economy of tomorrow.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Your wealth deserves boundless ambition.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.google.com\/search?q=https:\/\/balmontconseil.fr\/contact&amp;authuser=4\" target=\"_blank\" rel=\"noopener\">Schedule a meeting with Alexis Sagnier to integrate Private Equity into your strategy<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Sources &amp; References:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>France Invest annual reports on private equity.<\/li>\n\n\n\n<li>AMF statistics on individual access to unlisted securities.<\/li>\n\n\n\n<li>Performance analyses of AFIC (French Association of Investors for Growth).<\/li>\n\n\n\n<li>Performance indicators (IRR\/MOIC) of leading European managers.<\/li>\n\n\n\n<li>ESG standards and eco-responsible reporting in unlisted companies.<\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>\u00ab Alexis, les march\u00e9s financiers sont trop volatils et l&rsquo;immobilier devient complexe. Comment puis-je donner du sens \u00e0 mon \u00e9pargne tout en allant chercher des rendements sup\u00e9rieurs ? \u00bb Cette question marque<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":2,"featured_media":0,"parent":69,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-297","page","type-page","status-publish","hentry"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/pages\/297","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/comments?post=297"}],"version-history":[{"count":1,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/pages\/297\/revisions"}],"predecessor-version":[{"id":1192,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/pages\/297\/revisions\/1192"}],"up":[{"embeddable":true,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/pages\/69"}],"wp:attachment":[{"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/media?parent=297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}