Twenty First Capital
Twenty First Capital is an independent, AMF-regulated French asset manager founded in 2011, managing €3.4 billion across 35 multi-asset funds for institutional investors, family offices, and high-net-worth individuals from Paris and Luxembourg.
- Company typePrivate
- Founded2011
- HeadquartersParis, France
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Twenty First Capital does
Twenty First Capital is an independent, AMF-regulated French asset management company founded in August 2011 by Stanislas Bernard and headquartered in Paris, with a branch office in Luxembourg. The firm operates as a multi-asset, multi-expertise 'société de gestion' managing €3.4 billion in assets across 35 funds as of 31 December 2025, with a stated team of approximately 17 professionals. Its coverage spans equities, rates, credit, commodities, alternatives, real estate, private equity, private debt, and money market vehicles.
The product platform is organized into three pillars: Gestion Collective (collective management of OPCVM across diversified asset classes using a collegial decision-making model), Gestion Privée (long-term personalized wealth management, including Luxembourg life insurance wrappers accessible from €250,000 and bespoke vehicles such as SCSP, FID, RAIF, OPCI, and club deals), and Fund Management (structuring and management of Alternative Investment Funds in real estate and private equity under the AIFM framework, leveraging depositary, audit, and appraisal partners). Distribution is direct and relationship-led from Paris and Luxembourg, with referrals from financial advisors, insurance brokers, and bank-loan intermediaries; the firm explicitly restricts distribution to French residents and excludes US and UK persons.
The revenue model is recurring management fees on AUM across collective, private, and alternative vehicles, supplemented by structuring and ongoing oversight fees on FIA mandates for institutional investors and family offices. Pricing is not publicly disclosed beyond the €250,000 minimum on Luxembourg life insurance, and the firm carries no external institutional ownership, no disclosed funding history, and no M&A activity, remaining founder-controlled under a Directoire / Conseil de Surveillance governance structure.
Twenty First Capital firmographics
Firmographics- Name
- Twenty First Capital
- Legal name
- TWENTY FIRST CAPITAL
- Website
- https://twentyfirstcapital.com
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Twenty First Capital is an independent, AMF-regulated French asset manager founded in 2011, managing €3.4 billion across 35 multi-asset funds for institutional investors, family offices, and high-net-worth individuals from Paris and Luxembourg.
- Ownership category
- akta.pro rank
Twenty First Capital industry classification
Industry- Product category
- Asset Management Services
- NAICS
- Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525), Open-End Investment Funds (525910)
- SIC
- Investment Advice (6282), Finance Services (6199)
- akta.pro primary industry
- Insurance General Accounts (Institutional Asset Owners) (FSAAAGAG)
- akta.pro secondary industries
- Real Assets — Fund-of-Funds & Secondaries (FSAAAKAK), Money Market Funds (FSAAAEAC)
Keywords
Where Twenty First Capital is headquartered
LocationHeadquarters
- HQ city
- Paris
- HQ country
- France
- HQ region
- Europe
Offices2 records
Markets served
Twenty First Capital business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Asset Management Fees: Management fees charged for managing collective investment vehicles (OPCVM) across various asset classes including equities, bonds, diversified funds, money market, alternatives, private equity, private debt, and real estate.
- Fund Management Services: End-to-end fund management services for Alternative Investment Funds (FIA) in real estate and private equity, including fund structuring, administration, partnership management, and risk management for institutional investors and family offices.
- Private Wealth Management: Personalized wealth management services for high-net-worth individuals, including investment strategy development, asset allocation across listed and unlisted products, financing solutions, and structuring of personalized investment vehicles (SCSp, FID, RAIF, OPCI, club deals).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Luxembourg Life Insurance |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
Twenty First Capital product offering
Product offeringCore offering
Twenty First Capital is an independent, AMF-regulated French asset management company that manages multi-asset collective investment funds (OPCVM) covering equities, rates, credit, commodities, alternatives, real estate, private debt, and private equity. It also delivers personalized private wealth management for high-net-worth individuals (including Luxembourg life insurance from €250,000) and provides structuring and management of Alternative Investment Funds (FIA) in real estate and private equity for institutional investors and family offices. As of December 2025, the firm manages approximately €3.4 billion in assets across 35 funds.
Product overview
Twenty First Capital operates as an independent multi-asset and multi-expertise asset management platform comprising three core service pillars: Gestion Collective (Collective Management) offering 35+ funds across equities, bonds, credit, commodities, alternatives, real estate, money market, private debt, and private equity categories; Gestion Privée (Private Management) providing personalized wealth management with Luxembourg life insurance solutions and access to structured investment vehicles (SCSp, FID, RAIF, OPCI, club deals); and Fund Management covering Alternative Investment Funds (FIA) in real estate and private equity with structuring capabilities in France and Luxembourg. The company manages €3.4 billion in assets as of December 2025.
Differentiator
Problem solved
Functional benefit
Products and services
- Gestion Collective (Collective Management) Multi-asset collective investment management covering equities, bonds, credit, commodities, alternatives, private equity, private debt, money market, and real estate, with collegiate decision-making and risk-controlled investment processes. Targeted at investors seeking regulated OPCVM funds across multiple asset classes.
- Gestion Privée (Private Management) Personalized long-term wealth management service providing diversified funds across major asset classes, dedicated manager relationships, investment strategy development, asset allocation across listed and unlisted products, financing solutions, and structuring of personalized investment vehicles (SCSp, FID, RAIF, OPCI, club deals). Designed for high-net-worth individuals seeking comprehensive wealth preservation.
- Fund Management (FIA - Real Estate and Private Equity) Structuring and management of Alternative Investment Funds (FIA) in real estate and private equity, covering various financial vehicles including OPPCI, SLP, and club deals, with fund structuring capabilities in France and Luxembourg. Includes fund administration, partnership management, risk management, and off-market deal origination for institutional investors and family offices.
- Luxembourg Life Insurance Luxembourg-domiciled life insurance product accessible from a €250,000 minimum investment, offering freedom to change manager or custodian at any time, privileged creditor status in case of insurer bankruptcy, no taxation in absence of redemption or succession, and access to a wide range of financial assets. Designed for high-net-worth clients seeking tax-optimized, regulated wealth structuring solutions outside French Sapin 2 Law exposure.
Companies that use Twenty First Capital
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles4 records
Twenty First Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Twenty First Capital partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and supporting.
- Banking PartnerscoreBanking partners assist with financing solutions including real estate financing in Europe, corporate loans, Lombard loans, and customized wealth and tax engineering with international tax lawyers.
- Depository BankscoreDepositaries provide continuous oversight of Alternative Investment Funds as required by regulation, ensuring investor protection and transparency.
- Accountants and AuditorssupportingAccounting and auditing partners support fund administration, financial reporting, and regulatory compliance for managed funds.
- Real Estate Experts and AppraiserscoreReal estate experts and appraisers provide valuation services and market expertise for real estate fund assets.
- Asset Management PartnerssupportingAsset management partners provide additional expertise and capabilities for specific investment strategies within the fund ecosystem.
Scale indicators9 records
Recent moves7 records
Expansion highlights4 records
Twenty First Capital competitors and assessment
Company assessmentDirect peers
- Montpensier Finance: Independent French asset management company offering multi-strategy and thematic funds (equities, convertible bonds, responsible investing). Comparable as a similarly sized French independent boutique competing for the same HNW and institutional segments.
- VEGA Investment Managers: French multi-asset specialist asset manager offering diversified, fixed income, equity, and structured solutions to institutional and private clients. Direct comparable on multi-asset positioning and French institutional/HNW distribution.
- Dorval Asset Management: Paris-based boutique asset manager offering flexible multi-asset, equity, and bond strategies. Direct peer as a similarly sized independent French boutique competing in flexible and diversified mandates.
- La Financière de l'Échiquier (LFDE): Independent French asset management company with equities, fixed income, and diversified strategies serving institutional and private clients. Comparable as an established French independent with overlapping fund range and HNW distribution.
- Mandarine Gestion: French independent asset management firm focused on European equities, international, and SRI mandates. Comparable as a French independent boutique with overlapping HNW and institutional distribution channels.
- Indépendance AM: Independent French asset management company focused on European small & mid caps and diversified mandates. Direct peer as another French independent boutique competing for HNW and family office capital.
Emerging players
- Sanso Smart Alpha: Smaller French independent asset manager with multi-asset and smart beta strategies. Comparable as a niche French independent manager with partial overlap in multi-asset offerings.
Broad incumbents
- Amundi: Europe's largest asset manager with extensive multi-asset, real estate, private equity, and alternative capabilities. Broad incumbent that competes across all of Twenty First Capital's segments but at vastly greater scale and distribution reach.
- Lazard Frères Gestion: French asset management arm of Lazard offering multi-asset, equities, fixed income, and private management services to institutional and private clients. Broad incumbent with overlapping multi-asset and HNW offerings.
- ODDO BHF Asset Management: Franco-German asset manager offering equities, fixed income, multi-asset, and private wealth solutions across European institutional and private client channels. Comparable as a mid-to-large European competitor across Twenty First Capital's product set.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Twenty First Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Twenty First Capital leadership team
Management profileNumber of profiles
Profiles20 records
Twenty First Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Twenty First Capital M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Twenty First Capital
What does Twenty First Capital do?
Twenty First Capital is an independent, AMF-regulated French asset management company that manages multi-asset collective investment funds (OPCVM) covering equities, rates, credit, commodities, alternatives, real estate, private debt, and private equity. It also delivers personalized private wealth management for high-net-worth individuals (including Luxembourg life insurance from €250,000) and provides structuring and management of Alternative Investment Funds (FIA) in real estate and private equity for institutional investors and family offices. As of December 2025, the firm manages approximately €3.4 billion in assets across 35 funds.
Is Twenty First Capital a public or private company?
Twenty First Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Twenty First Capital founded?
Twenty First Capital was founded in 2011. It employs 11 to 50 people.
Where is Twenty First Capital based?
Twenty First Capital is headquartered in Paris, France, in the Europe region.
How does Twenty First Capital make money?
Three revenue lines are on record. Asset Management Fees are the primary driver. The others are fund Management Services and private Wealth Management.
Who are Twenty First Capital's main competitors?
Direct peers on record are Montpensier Finance, VEGA Investment Managers, Dorval Asset Management, La Financière de l'Échiquier (LFDE), Mandarine Gestion and Indépendance AM. Sanso Smart Alpha is listed as an emerging player. Broad incumbents are Amundi, Lazard Frères Gestion and ODDO BHF Asset Management.
Does Twenty First Capital have an API?
No public API is recorded for Twenty First Capital.
What industry is Twenty First Capital in?
Twenty First Capital's product category is Asset Management Services. Its primary akta.pro industry code is FSAAAGAG, Insurance General Accounts (Institutional Asset Owners), with a secondary code of FSAAAKAK, Real Assets — Fund-of-Funds & Secondaries. Its NAICS code is 523940 and its SIC code is 6282.