What Euryale Asset Management does

Euryale Asset Management (SA Euryale) is a French AMF-regulated portfolio management company (authorization GP-14000027) founded in 2010 by David Finck and Jean-Jacques Olivié, specializing exclusively in healthcare real estate. The firm operates a suite of SCPI (Société Civile de Placement Immobilier) vehicles: Pierval Santé (the flagship, launched 2014, with €3.3B+ capitalization and assets across 9 countries), Euryale Horizons Santé (launched 2025 with a life sciences focus and 65% Europe / 35% North America allocation), Trajectoire Santé (reserved for professional clients), and Pierval (a residential BBC vehicle now closed to subscriptions). Assets include senior housing, private hospitals, medicalized residences, and laboratory facilities leased to operators such as Elsan, Excelsoins, Cosima, Care Concern Group, and Nuchem (Sygnature Discovery) on long-dated (12–25 year) inflation-linked leases. The company is headquartered in Paris (9 Rue de Milan) with a secondary office in Toulouse, and reports 60,909+ investor savers across retail and institutional channels.

The business model is asset-light and recurring: Euryale earns management fees on AUM, supplemented by subscription commissions on new capital raised. Distribution is conducted primarily through wealth management professionals (conseillers en gestion de patrimoine), private bankers, insurance advisors, and institutional sales channels, supported by a partner extranet and direct institutional relationship management. The Pierval Santé vehicle reports a 4.06% distribution rate in 2025 and a 4.24% TRI since origin; Euryale Horizons Santé targets a 5.50% distribution rate at 10 years. The company holds the ISR label on Pierval Santé and is developing its ESG methodology under SFDR Regulation 2019/2088, supported by the proprietary Euryale Lab research platform, Scientific Committee, and 360° Health Observatory.

The underlying technology stack is conventional for a regulated asset manager: no proprietary technology platform or AI/ML infrastructure is disclosed; the digital surface is limited to a corporate website, a LinkedIn presence, a YouTube channel, and an online associate extranet portal. The company's competitive moat derives from domain specialization (first mover in healthcare SCPI in France a decade ago), regulatory licensing (AMF GP-14000027 and ISR label), a developed wealth-management distribution network, and proprietary market research — positioning Euryale as the 7th largest healthcare real estate investor globally. Recent strategic activity (Canadian market entry, the Euryale Horizons Santé launch, multiple institutional-grade acquisitions, and a 2024 C-suite expansion) signals an institutional scaling phase beyond the original French SCPI franchise.

Name

Euryale Asset Management

Legal name

SA EURYALE

Website

https://euryale-am.fr

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

Euryale Asset Management is a French AMF-regulated portfolio management company specializing exclusively in healthcare real estate, managing SCPI funds for retail and institutional investors across nine countries with €3.3B+ in capitalization.

Ownership category

akta.pro rank

Product category

Healthcare Real Estate Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investment Advice (6282), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE)

akta.pro secondary industries

Advisory Portfolio Management (Non-Discretionary) (FSAAABAD), Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)

Keywords

• Healthcare real estate investment
• SCPI fund management
• Portfolio management services
• Real estate asset management
• Healthcare property investment

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. SCPI Management Fees: Euryale generates revenue through management fees charged on its SCPI (Société Civile de Placement Immobilier) funds under management, including Pierval Santé, Euryale Horizons Santé, and Trajectoire Santé. The revenue model is based on a percentage of assets under management, typical for French SCPI societies de gestion.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels9 records

Core offering

Euryale Asset Management is an AMF-regulated portfolio management company that creates, manages, and distributes SCPI (Société Civile de Placement Immobilier) funds 100% dedicated to healthcare real estate. Its core offerings include the flagship Pierval Santé (€3.3B+ capitalization, open to subscription), Euryale Horizons Santé (new SCPI for healthcare and life sciences launched 2025), and Trajectoire Santé (reserved for professional clients), investing in senior housing, clinics, private hospitals, and life sciences facilities across 9 countries.

Product overview

Euryale Asset Management is a portfolio management company (Société de Gestion de Portefeuille) authorized by the AMF (GP-14000027), specializing exclusively in healthcare real estate since 2009. The company offers a suite of SCPI (Société Civile de Placement Immobilier) products for retail and institutional investors: Pierval Santé (flagship product with €3.3B+ capitalization, open to subscription), Euryale Horizons Santé (new 2025 product targeting life sciences and international expansion to North America), Trajectoire Santé (professional client-only), and Pierval (residential, closed). Euryale pioneered healthcare real estate investment 10 years ago and claims to be one of Europe's leaders in this market with presence in 9 countries. The company also develops shared senior housing through its Cosima subsidiary and operates Euryale Lab for research and innovation in healthcare real estate.

Differentiator

Problem solved

Functional benefit

Brands

• Pierval Santé: SCPI (Société Civile de Placement Immobilier) specialized in healthcare real estate investments, open to subscriptions, with international diversification across Europe and Canada.
• Euryale Horizons Santé
• Trajectoire Santé
• Pierval
• Euryale Lab
• Euryale Healthcare Italia

Products and services

• Pierval Santé Flagship open-to-subscription SCPI dedicated 100% to healthcare real estate, investing in France (30%) and internationally (70%) across 9 countries. Targets retail investors seeking diversified exposure to clinics, retirement homes, hospitals, and medical offices. TRI of 4.39% over 10 years, distribution rate of 4.06% in 2025, share price of €204, minimum subscription of €1,020 (5 shares).
• Euryale Horizons Santé New SCPI launched in 2025 dedicated to healthcare, wellness, and life sciences real estate, with a 65% Europe / 35% North America geographic allocation. Targets retail investors seeking exposure to care, well-being, and life sciences assets. Target distribution rate of 5.50% at 10 years (non-guaranteed), share price of €50, minimum subscription of €1,000 (20 shares). First SCPI to invest in life sciences real estate.
• Trajectoire Santé SCPI reserved exclusively for professional clientele (insurance companies, pension funds, family offices), focused on healthcare real estate investments. Net performance of 4.52% since creation and 2.83% in 2023. Accessible only as units within life insurance, capitalisation, or PER (pension) contracts.
• Pierval Residential SCPI with BBC (Bâtiment Basse Consommation) energy-efficiency certification, currently closed to new subscriptions. Share price of €1,250, minimum subscription of €6,250 (5 shares).
• Associates Extranet Portal Secure online portal provided to SCPI associates (investors) to access their accounts, view investment performance, participate in voting at annual general assemblies, and manage their SCPI holdings across Pierval Santé, Euryale Horizons Santé, Trajectoire Santé, and Pierval.

Quantifiable outcome

• TRI of 4.24% since origin for Pierval Santé
• +6 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core and minor.

• Pierval Santé (Euryale-managed fund)coreOthers · 18 February 2025Pierval Santé, a real estate fund managed by European asset manager Euryale, acquired three new-build care homes from Elevation Development Partners. The properties (Mearns View in Newton Mearns, Highwood Care Home in Bideford, Darcy House in Matlock) comprise 212 wetroom en-suite beds and are operated by Care Concern Group (CCG).
• Elevation Development Partners (EDP)minorStrategic or Co-development Partner · 18 February 2025Elevation Development Partners, a real estate fund advised by Elevation, partnered with PGIM Real Estate and Care Concern Group to develop three care homes which were then sold to Pierval Santé (Euryale). The partnership demonstrates a model allowing operators to incubate freehold developments on their balance sheet while reducing equity requirements for efficient scaling.
• ExcelsoinscoreStrategic or Co-development Partner · 23 May 2023Excelsoins, a senior care operator, partnered with Euryale's Pierval Santé for its first Canadian investment at Les Écluses St Lambert in Montréal — a 205-unit medicalized residence for seniors with Alzheimer's and cognitive diseases. Euryale acquired the property for €20 million on a 25-year fixed-term lease. Excelsoins aims to reach 6,000 units and €1 billion in assets.
• Care Concern Group (CCG)coreStrategic or Co-development PartnerCare Concern Group (CCG) operates the three care homes acquired by Pierval Santé (Mearns View, Highwood Care Home, Darcy House) totaling 212 wetroom en-suite beds. CCG has developed six care homes in total under the partnership with EDP and Euryale.
• ElsancoreStrategic or Co-development PartnerElsan, France's leading private hospital operator, partnered with Euryale to develop the Hôpital Privé de Moselle — a 272-bed 'hospital of tomorrow' in Maizières-lès-Metz. Euryale financed the €152 million project in VEFA (sale off-plan). The hospital is designed with nature integration and 3.5 hectares of vegetation for patient and staff well-being. Elsan operates the facility under a long-term lease.
• Sygnature Discovery / NuchemcoreStrategic or Co-development PartnerNuchem, a subsidiary of UK-based pharmaceutical research company Sygnature Discovery, occupies the 4,645 m² laboratory building acquired by Euryale Horizons Santé at 480 Perreault Street, Lévis, Québec, Canada. The tenant has been on-site since 2004 and signed a 15-year fixed-term lease in 2021 with two 5-year renewal options.
• CosimaminorStrategic or Co-development PartnerCosima operates the 'Maisons Cosima' shared housing project for seniors in Boulogne-Billancourt, France. Euryale financed the complete development of 10 shared housing units (22 rooms total) for €13.5 million, leased on a 12-year fixed-term contract. The model focuses on preventing isolation and loss of autonomy through inclusive shared living.
• Euryale ServicescoreOthersEuryale Services (520 327 644 RCS Toulouse) is identified as a commercial partner of Euryale, receiving access to client data for business development purposes as outlined in the regulatory information disclosures and privacy policy.
• Groupe Patrimoines de FrancecoreOthersEuryale is part of Groupe Patrimoines de France, the parent group providing distribution capabilities and brand identity. The group's LinkedIn page (@groupe-patrimoines-de-france) has 2,942+ followers and serves as the corporate social media presence.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Icade Santé: Icade's healthcare real estate division is France's largest dedicated healthcare REIT, operating clinics, nursing homes and senior residences. It is the most direct competitor to Euryale in French healthcare real estate investment with comparable asset scale and operator relationships.
• Sofidy: French asset manager with a multi-vehicle SCPI franchise distributed through the same CGP/private banker channels as Euryale. Overlaps on retail wealth-advisor shelf space and pursues adjacent real estate themes.
• Corum Asset Management: French SCPI specialist known for international real estate funds. Competes with Euryale for European CGP placements and has similar cross-border investment strategies, though less concentrated in healthcare.
• Perial Asset Management: French independent SCPI manager with thematic products including healthcare exposure. Competes for the same CGP distribution network and retail investor SCPI allocations as Euryale, with overlapping wealth advisor relationships in France.

Broad incumbents

• AEW Europe: European real estate investment manager with multi-sector pan-European funds. Former employer of Euryale Deputy CEO Isabelle Clerc; overlaps with Euryale on continental European healthcare real estate mandates for institutional clients.
• Primonial REIM: One of France's largest real estate asset managers with a broad multi-sector SCPI and institutional mandate offering. Former employer of Euryale's Head of Research Daniel While; competes head-to-head with Euryale for both retail advisor distribution and institutional capital.
• Amundi Real Estate: Real estate arm of Amundi, the largest European asset manager, offering diversified and thematic property funds. Increasingly active in healthcare real estate and competes for institutional capital with Euryale's Trajectoire Santé.
• BNP Paribas Real Estate Investment Management: Real estate investment arm of BNP Paribas managing diversified European funds across healthcare, office and logistics. Former employer of Isabelle Clerc; competes for institutional healthcare allocations and operates similar multi-country pan-European vehicles.
• Covivio: European REIT with healthcare and office portfolios across France, Italy and Germany. Former employer of Euryale's Director of Sustainable Development Sabine Nevers; a comparable cross-border European healthcare real estate operator and capital partner.

Others

• Klépierre: European retail REIT listed in Paris. Not a direct competitor but a relevant capital-markets peer for French listed real estate vehicles and a benchmark for how institutional investors evaluate European real estate franchises.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@euryale1509
• LinkedInlinkedin.com/company/euryale-asset-management
• Xx.com/euryale_am

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Euryale Asset Management