Zencap Asset Management
Zencap Asset Management is a Paris-based European private debt specialist, managing €5B+ across corporate, real estate, infrastructure, securitisation, multi-strategy and impact funds for professional investors as an Ofi Invest/Aéma Groupe subsidiary.
- Company typePrivate
- Founded2009
- HeadquartersParis, France
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Zencap Asset Management does
Zencap Asset Management is a Paris-based alternative asset manager specialising in European private debt, operating since 2009 as an AMF-licensed management company (GP-11000024) and majority-owned subsidiary of Ofi Invest within the Aéma Groupe mutual insurance ecosystem (Macif, Abeille Assurances, AÉSIO). Founding partners retain 35% of the capital, combining institutional backing with entrepreneurial alignment. The firm manages €5+ billion in assets including undrawn commitments through six specialised fund strategies: corporate debt for mid-market unlisted companies, real estate debt, infrastructure debt (renewable energy, telecoms, transportation), specialty finance and securitisation (CLO, consumer credit), multi-private debt, and solidarity/impact financing.
The platform underwrites senior, unitranche and mezzanine financing across European mid-market borrowers via loans or bonds, both as sole creditor and in club deals, with performance targets ranging from +2% to +10% per annum depending on strategy. Proprietary origination, underwriting and portfolio monitoring systems support deal sourcing through a multi-channel pan-European network. Distribution is exclusively to professional investors under Article 423-27 of the AMF General Regulation, via a dedicated investor relations team leveraging Ofi Invest's institutional footprint. Revenue is generated through recurring management fees on committed capital and performance fees against stated targets, with capital locked in long-term vehicles.
Zencap AM differentiates through 15+ years of European private debt track record, an integrated ESG posture (PRI signatory, NZAMi, iCI, Finance for Biodiversity, France Invest commissions) and depth in securitisation/CLO management. Headcount stood at ~35 as of 2023 following the Abeille AM private debt team integration, supporting a flat organisational structure led by three co-founder CEOs (Richard Jacquet, Victoire Blazsin, Thomas Piget), six investment directors and dedicated risk, compliance, sustainability, operations and business development functions.
Zencap Asset Management firmographics
Firmographics- Name
- Zencap Asset Management
- Legal name
- Zencap Asset Management
- Website
- https://zencap-am.fr
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Zencap Asset Management is a Paris-based European private debt specialist, managing €5B+ across corporate, real estate, infrastructure, securitisation, multi-strategy and impact funds for professional investors as an Ofi Invest/Aéma Groupe subsidiary.
- Ownership category
- akta.pro rank
Zencap Asset Management industry classification
Industry- Product category
- Private Debt Asset Management
- NAICS
- Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259), Other Financial Vehicles (525990), Open-End Investment Funds (525910)
- SIC
- Investment Advice (6282), Loan Brokers (6163)
- akta.pro primary industry
- Advisory Portfolio Management (Non-Discretionary) (FSAAABAD)
- akta.pro secondary industry
- Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)
Keywords
Where Zencap Asset Management is headquartered
LocationHeadquarters
- HQ city
- Paris
- HQ country
- France
- HQ region
- Europe
Offices2 records
Markets served
Zencap Asset Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Fund Management Fees: Zencap AM generates revenue through management fees charged on assets under management across its specialized European private debt funds including corporate debt, real estate debt, infrastructure debt, specialty finance & securitisation, multi-private debt, and solidarity/impact funds.
- Performance Fees: The fund range offers performance targets ranging from +2% p.a. to +10% p.a. depending on fund strategies, suggesting performance fee structures.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Professional fund investors (Article 423-27 AMF / Article D.533-11 Code Monétaire et Financier) |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Zencap Asset Management product offering
Product offeringCore offering
Zencap Asset Management operates as a European private debt asset manager offering specialized investment funds across six strategies: corporate debt, real estate debt, infrastructure debt, specialty finance & securitisation, multi-private debt, and solidarity/impact financing. The firm provides euro-denominated debt financing to small and mid-cap unlisted companies and real assets, originating senior to mezzanine loans and bond formats, and targets professional investors with performance objectives ranging from +2% to +10% per annum.
Product overview
Zencap Asset Management operates as a comprehensive European private debt platform offering six distinct investment fund strategies: Corporate Debt for mid-market unlisted companies, Real Estate Debt for property financing, Infrastructure Debt for renewable energy and infrastructure projects, Specialty Finance & Securitisation for specialized debt instruments, Multi-Private Debt for diversified strategies, and Solidarity and Impact Financing for ESG-focused investments. The company targets performance objectives ranging from +2% to +10% annually with a pan-European focus exclusively in euro-denominated financing.
Differentiator
Problem solved
Functional benefit
Products and services
- Corporate Debt (Dette d'Entreprise) Provides financing solutions for mid-market unlisted companies through loan or bond formats, targeting attractive risk/return ratios with performance objectives ranging from +2% to +10% annually. Includes senior debt, unitranche and mezzanine, executed as sole creditor or in club deals with or without a financial sponsor.
- Real Estate Debt (Dette Immobilière) Offers debt financing solutions for real estate assets and projects, including residential, commercial, and specialized property financing via dedicated real estate debt vintages managed for professional investors.
- Infrastructure Debt (Dette d'Infrastructure)
Quantifiable outcome
- Performance targets ranging from +2% p.a. to +10% p.a. depending on fund strategy
- +1 more outcomes
Companies that use Zencap Asset Management
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles3 records
Zencap Asset Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Zencap Asset Management partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and minor.
- Principes pour l'Investissement Responsable (PRI)coreUN-backed voluntary investment principles focused on incorporating ESG issues into investment practices. Zencap AM is a signatory member demonstrating commitment to responsible investment.
- France InvestcoreFrench private equity association. Zencap AM is member of Commission Sustainability and signatory of Parité and Value Sharing charters, actively contributing to sustainable finance development in France.
- Finance for Biodiversity PledgeminorCommitment to contribute to the protection and restoration of biodiversity and ecosystems. Zencap AM is signatory and member of Fondation Finance for Biodiversity.
- Net Zero Asset Managers initiative (NZAMi)minorCommitted to supporting the goal of net zero greenhouse gas emissions by 2050, limiting warming to 1.5°C. Joined in 2023.
- Initiative Climat International (iCI)minorClimate initiative supporting transition to net zero. Zencap AM joined in 2023 as part of its climate strategy.
- Institut de Formation en Comptabilité et Gestion Soutenables (Institut CGS)minorAcademic institute focused on sustainable accounting and management education. Zencap AM participated in founding the institute in 2023 as sociétaire, supporting innovation in sustainability integration in economics.
- MACIF Impact ESSminorZencap AM serves as advisor to MACIF Impact ESS fund, providing solidarity and impact financing through the partnership.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
Zencap Asset Management competitors and assessment
Company assessmentOthers
Direct peers
- Ardian: Paris-headquartered global private investment house operating one of Europe's largest private debt and direct lending franchises, with multi-strategy funds serving institutional investors across Europe.
- Muzinich & Co: Global credit specialist managing European private debt, direct lending, and CLO strategies for institutional investors, with strong mid-market and pan-European exposure.
- Tikehau Capital: Paris-based European alternative asset manager with significant direct lending and private debt fund strategies serving institutional and professional investors, comparable in pan-European mid-market focus and AUM scale.
- MV Credit: European specialist direct lending platform focused on mid-market unitranche, senior and mezzanine financing to European SMEs and lower-mid-market companies.
- Intermediate Capital Group (ICG): London-listed specialist asset manager with a major European direct lending franchise serving institutional clients across senior, unitranche, and mezzanine strategies.
- Pemberton Asset Management: European direct lending specialist managing senior, unitranche, and mezzanine funds for institutional investors focused on mid-market European borrowers.
- Kartesia Management: Pan-European private debt and special situations manager offering mid-market direct lending funds with senior, unitranche, and mezzanine strategies — highly comparable in target market and product mix.
Broad incumbents
- Eurazeo: Paris-listed investment firm with a significant European private debt business alongside private equity, providing comparable mid-market direct lending products from a larger diversified platform.
- Blackstone Credit (European Direct Lending): Global credit franchise with a rapidly scaling European direct lending platform, competing for the same institutional mid-market European private debt mandates.
Market position
Strengths1 record
Weaknesses1 record
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Zencap Asset Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Zencap Asset Management leadership team
Management profileNumber of profiles
Profiles15 records
Zencap Asset Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Zencap Asset Management M&A and investment
M&A and investmentM&A
Investments3 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Zencap Asset Management
What does Zencap Asset Management do?
Zencap Asset Management operates as a European private debt asset manager offering specialized investment funds across six strategies: corporate debt, real estate debt, infrastructure debt, specialty finance & securitisation, multi-private debt, and solidarity/impact financing. The firm provides euro-denominated debt financing to small and mid-cap unlisted companies and real assets, originating senior to mezzanine loans and bond formats, and targets professional investors with performance objectives ranging from +2% to +10% per annum.
Is Zencap Asset Management a public or private company?
Zencap Asset Management is a private company. It is classified as corporate owned and is currently operating.
When was Zencap Asset Management founded?
Zencap Asset Management was founded in 2009. It employs 11 to 50 people.
Where is Zencap Asset Management based?
Zencap Asset Management is headquartered in Paris, France, in the Europe region.
How does Zencap Asset Management make money?
Two revenue lines are on record. Fund Management Fees are the primary driver. The others are performance Fees.
Who are Zencap Asset Management's main competitors?
Amundi (Private Debt / Leveraged Finance) is listed as an others. Direct peers are Ardian, Muzinich & Co, Tikehau Capital, MV Credit, Intermediate Capital Group (ICG), Pemberton Asset Management and Kartesia Management. Broad incumbents are Eurazeo and Blackstone Credit (European Direct Lending).
Does Zencap Asset Management have an API?
No public API is recorded for Zencap Asset Management.
What industry is Zencap Asset Management in?
Zencap Asset Management's product category is Private Debt Asset Management. Its primary akta.pro industry code is FSAAABAD, Advisory Portfolio Management (Non-Discretionary), with a secondary code of BPAJAMAJ, Real Estate Portfolio & Fund Management (Institutional/REIT/PE). Its NAICS code is 523940 and its SIC code is 6282.