Eleva Capital

What Eleva Capital does

Eleva Capital S.A.S. is a Paris-headquartered, privately held asset management firm founded in September 2014 by Eric Bendahan. It manages the ELEVA UCITS Fund umbrella — an open-ended SICAV authorised by the Luxembourg CSSF and the French AMF (registration GP-17000015) — through nine actively managed long-only equity, long/short absolute return, multi-asset and fixed income strategies, all classified under SFDR Article 8. Total assets under management aggregated from the disclosed fund sizes sum to roughly €18.0bn, anchored by the European Selection (€9.5bn), Absolute Return Europe (€5.1bn) and Euroland Selection (€2.2bn) mandates.

The firm's investment process is conviction-driven and bottom-up, with stated active share above 80% and a 6% tracking-error target and no sector or country bias. Products range from European small/mid-cap equity (Leaders Small & Mid Cap Europe) to flexible multi-asset sleeves (European and Global Multi Opportunities) and directional fixed-income strategies (Global Bonds Opportunities, Euro Bonds Strategies). Underlying technology is conventional portfolio-management infrastructure; no proprietary trading system, AI/ML pipeline, or data platform is disclosed in the source material. BNP Paribas acts as custodian and central administration agent.

Revenue is generated through management fees ranging from 0.6% to 2.0% TTC depending on fund/share class, plus one-off subscription fees of up to 3.0% TTC. Distribution is restricted to MiFID II professional clients and eligible counterparties — institutional investors, private banks and wealth-management platforms — across 19 jurisdictions (18 European countries plus Singapore), supported by offices in Paris, London, Frankfurt, Luxembourg and Milan. Eleva Capital is independent, with no parent group or external institutional shareholders disclosed.

Name

Eleva Capital

Legal name

Eleva Capital S.A.S.

Website

https://elevacapital.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Eleva Capital is a Paris-based, independent asset manager managing ~€18bn across nine UCITS equity, absolute-return, multi-asset and fixed-income strategies, distributed to institutional and professional clients in 19+ countries via direct relationships and five European offices.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Open-End Investment Funds (525910), Other Financial Vehicles (52599)

SIC

Investment Advice (6282)

akta.pro primary industry

Global Equity (Active) (FSAAAIAD)

akta.pro secondary industries

Sustainable/ESG Equity (Active) (FSAAAIAM), ESG Integration / Responsible Investment Funds (Broad ESG) (FSANAJAL), Values-Based/ESG & Impact-Focused RIAs (FSAAACAK), ESG/Sustainable Investment Advisory (FSAEAAAJ)

Keywords

• Asset management services
• UCITS fund management
• European equity investing
• Fixed income strategies
• Absolute return funds

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Management Fees: ELEVA Capital generates revenue through management fees charged on its UCITS funds. Fee structures vary by fund and share class, ranging from 0.6% to 2.0% TTC maximum. Additional subscription fees up to 3.0% TTC maximum may apply.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

ELEVA Capital is an independent asset management firm that manages a platform of nine UCITS-compliant investment funds covering European equities, absolute return, multi-asset and fixed income strategies. The firm applies conviction-based bottom-up stock picking with high active weights, targeting superior long-term risk-adjusted returns for professional clients. It also offers SRI (Socially Responsible Investment) variants of its European Selection and Euroland Selection strategies.

Product overview

Eleva Capital is an asset management firm offering a portfolio of UCITS-compliant investment funds structured as a platform of distinct fund strategies. The offering comprises four main categories: Equity funds (ELEVA European Selection, ELEVA Euroland Selection, ELEVA Leaders Small & Mid Cap Europe), Absolute Return funds (ELEVA Absolute Return Europe, ELEVA Absolute Return Dynamic), Multi-Asset funds (ELEVA European Multi Opportunities, ELEVA Global Multi Opportunities), and Fixed Income funds (ELEVA Global Bonds Opportunities, ELEVA Euro Bonds Strategies). Additionally, SRI (Socially Responsible Investment) variants are offered for the European Selection and Euroland Selection strategies. The funds are authorized under UCITS directive, regulated by AMF in France and CSSF in Luxembourg, and all currently active funds are classified under SFDR Article 8.

Differentiator

Problem solved

Functional benefit

Products and services

• ELEVA European Selection An equity fund investing primarily in European equities and equity related securities, using conviction investing with bottom-up stock-picking, targeting superior long-term risk-adjusted returns with no sector or country bias. Aimed at professional investors seeking European equity exposure.
• ELEVA Euroland Selection An equity fund investing in companies incorporated or having principal business activities in Euroland, employing conviction-based bottom-up stock picking with a flexible, opportunistic approach. Targeted at professional investors seeking Euroland equity exposure.
• ELEVA Leaders Small & Mid Cap Europe An equity fund focusing on small and mid-cap European companies, aiming to achieve superior long-term risk-adjusted returns through conviction investing with bottom-up stock picking and a growth bias. Aimed at professional investors.
• ELEVA Absolute Return Europe A long/short equity fund investing in European equities on both long and short basis with flexible net exposure between -10% and +50%, targeting absolute returns over the medium term. For professional investors seeking low-volatility European equity exposure.
• ELEVA Absolute Return Dynamic A long/short equity fund with flexible net exposure between -20% to 100%, investing primarily in European equities and equity related securities on both long and short basis, aiming for capital growth through a differentiated and disciplined investment process.
• ELEVA European Multi Opportunities A multi-asset fund seeking positive absolute returns over the medium term through active and flexible management of European equities and debt securities denominated primarily in Euro.
• ELEVA Global Multi Opportunities A multi-asset fund seeking positive absolute return over the medium term through dynamic allocation (0% to 100% in equities and debt) across global equities and debt securities, using a conviction-based bottom-up approach complemented by top-down analysis.
• ELEVA Global Bonds Opportunities A fixed income fund seeking positive absolute return over the medium term by investing primarily in international bonds via directional positioning and relative value strategies, with flexible net duration ranging between -4 to +10.
• ELEVA Euro Bonds Strategies A fixed income fund seeking highest total return over the medium term by investing primarily in Euro denominated bonds and debt securities via directional positioning and relative value strategies, with flexible net duration ranging between 0 to +12.
• ELEVA SRI European Selection A socially responsible investment (SRI) version of the European Selection fund, applying ESG criteria alongside traditional financial analysis to select European equities. For professional investors seeking sustainable European equity exposure.
• ELEVA SRI Euroland Selection A socially responsible investment (SRI) version of the Euroland Selection fund, applying ESG criteria to select companies incorporated or having principal business activities in Euroland. For professional investors seeking sustainable Euroland equity exposure.

Quantifiable outcome

• ELEVA European Selection: +184.19% since inception vs Stoxx Europe 600 NR +134.64%
• +2 more outcomes

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• BNP Paribas (Luxembourg Branch)coreOthersBNP Paribas serves as the custodian bank for ELEVA UCITS funds. BNP Paribas S.A. Paris acts as the central administration and transfer agent with sub-delegation to Luxembourg Branch.
• Autorite des Marches Financiers (AMF)coreOthersELEVA Capital SAS is authorized and regulated by the AMF in France under number GP-17000015 as a Portfolio Management Company.
• CSSF LuxembourgcoreOthersThe ELEVA UCITS Fund is authorized by the Luxembourgish CSSF (Commission de Surveillance du Secteur Financier) as a UCITS under Part I of Luxembourg law implementing the European directive 2009/65/EC.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Oudart Gestion: French boutique active equity manager with European Small/Mid Cap mandates and ESG integration. Directly comparable on size, conviction-based bottom-up philosophy, and private-bank distribution; Ingrid Pfyffer-Edelfelt previously worked at Oudart.
• Comgest: European/Asian active equity boutique with quality-growth philosophy and Article 8/9 SFDR positioning. Comparable on boutique scale, ESG integration and bottom-up stock-picking approach, with similar institutional client base across Europe and Asia.
• Banque Syz Asset Management: Swiss-based active asset manager with European equity and multi-asset capabilities, where founder Bendahan previously managed the Oyster European Selection fund. Comparable on strategy DNA, European institutional client base and conviction-led process.
• DNCA Investments: Paris-based independent active manager offering European equity, fixed income and absolute return strategies under SFDR Article 8/9. Closely comparable on philosophy (conviction investing), product mix, and European private-bank/wealth distribution.
• Mandarine Gestion: Paris-based independent active equity boutique managing European and Small/Mid Cap strategies. Directly comparable to ELEVA on mandate type, distribution channel (private banks/institutional), and key-person portfolio-manager model; several ELEVA PMs (Diane Bruno, Quentin Hoareau) were formerly at Mandarine.
• La Financière de l'Échiquier: French active equity boutique managing European and Small/Mid Cap strategies with ESG focus and broad European private-bank distribution. Comparable on product mix, regional footprint and conviction-based bottom-up investment approach.
• Rothschild & Co Asset Management: European active asset manager offering conviction-driven equity, fixed income and multi-asset strategies with strong private-bank distribution. Closely comparable to ELEVA on product mix, European institutional client base, and SFDR Article 8 positioning.

Broad incumbents

• Carmignac: Paris-headquartered European asset manager offering equity, fixed income and multi-asset funds with extensive private-bank and institutional distribution. Comparable on European active boutique identity and Article 8/9 SFDR positioning, though materially larger.
• Jupiter Asset Management: UK-listed active asset manager with European and global equity, fixed income and multi-asset strategies. Comparable on active-boutique philosophy, distribution into private banks and wealth platforms, and Article 8 ESG positioning.
• Lazard Asset Management: Global active asset manager with significant European equity, fixed income and multi-asset capabilities. Comparable on product breadth and institutional distribution, but operates at materially larger scale with broader geographic reach.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/eleva-capital-llp

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

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 Eleva Capital