What Fideas Capital does

Fideas Capital is a Paris-based, privately held asset management company (Société de Gestion, AMF approval GP 07000046, granted 2007) serving institutional investors, family offices, and wealth-management professionals (CGPs) with both public funds and dedicated mandates. Its product range spans three core families: the βETAMAX systematic equity and multi-asset funds built on its proprietary Maximum Variété methodology and multi-factor models, the CreditMax Euro fundamental credit fund targeting the BBB–BB segment of the Eurozone investment-grade market, and the GPHO profiled fund-of-funds (Dynamique, Equilibre, Patrimoine) distributed through wealth-management advisors. Revenue is generated through recurring management fees on these funds and on dedicated mandates; pricing is not publicly disclosed.

The firm's principal technological differentiator is its Smart for Climate® methodology — a carbon-intensity reweighting approach developed with Trucost (S&P Global) that lowers portfolio CO2 emissions without altering portfolio quality, style, or objectives, and is applied across the firm's direct investment range. Style and risk classification uses Kohonen self-organizing maps. Beyond listed-fund management, Fideas has, since 2024, deployed the ACT for Climate SICAV — an impact investment vehicle taking equity stakes in French listed mid-cap industrials (ETIs) using ADEME's ACT PAS A PAS methodology, and the first SICAV to obtain French "enterprise with mission" status (No. 998).

Fideas Capital distributes through direct institutional sales and through the CGP wealth-management channel, operating solely within France (United States explicitly excluded) and governed by AMF regulation. The firm is owned by its executives — Pierre Filippi (President/founder), Anne Delon (responsible executive), and Alexis Merville (Managing Director, joined 2016 with the CreditMax team) — with no external private equity or venture capital holders, and has remained manager-led since 2005.

Name

Fideas Capital

Legal name

FIDEAS CAPITAL

Website

https://fideas.fr

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

Fideas Capital is a Paris-based, AMF-regulated asset manager serving institutional investors, family offices, and wealth professionals with systematic and fundamental equity, credit, and multi-asset funds built on its proprietary Smart for Climate® and Maximum Variété methodologies.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239)

akta.pro primary industry

Climate / Clean Tech & Decarbonization Funds (FSANAJAA)

Keywords

• Asset management services
• Low-carbon investing
• Multi-factor equity funds
• Credit bond management
• Impact investment SICAV

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Asset Management Fees: Fideas Capital generates revenue through management fees charged on its range of public funds and dedicated mandates. The firm manages various fund strategies including Betamax multi-assets, Betamax Eurozone, CreditMax Euro, and the impact fund Fideas ACT for Climate. Fee structures vary by fund type and mandate size.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Fideas Capital is a French asset management company that designs, manages, and distributes systematic and fundamental investment funds for institutional investors, family offices, and wealth management professionals. Its offering centers on the proprietary Smart for Climate® carbon-intensity reduction methodology (developed with Trucost/S&P) applied across equity, credit, and multi-asset funds, complemented by the impact investment SICAV Fideas ACT for Climate that takes equity stakes in French industrial mid-caps pursuing decarbonation transitions.

Product overview

Fideas Capital is a French asset management company (AMF approved, GP 07000046) offering a diversified range of investment products centered around its proprietary Smart for Transition low-carbon methodology. The portfolio spans three main fund families: the βETAMAX systematic multi-asset and equity funds applying Maximum Variété quantitative techniques, the CreditMax Euro credit/bond fund, and the Fideas ACT for Climate impact investment SICAV. Additional offerings include GPHO multi-profile fund-of-funds and the Lettre FC2 research newsletter. Services encompass strategic asset allocation advisory and dedicated management mandates for institutional and professional investors. The company operates across equity, fixed income, and diversified multi-asset classes, with all direct investments following the Smart for Transition process for carbon intensity reduction since 2021.

Differentiator

Problem solved

Functional benefit

Brands

• Fideas Smart for Climate: ESG approach and carbon intensity reduction methodology applied across the fund range.
• βETAMAX
• CREDITMAX
• GPHO
• Fideas ACT for Climate

Products and services

• βETAMAX Global Smart for Transition Multi-asset class fund applying the proprietary Maximum Variety (Variété Maximale) methodology and Smart for Transition low-carbon approach. Invests in European and international equities with dynamic risk diversification as the starting point of the management process. Designed for clients seeking diversified multi-asset exposure with embedded carbon reduction.
• βETAMAX Europe Smart for Transition European equities fund applying the Maximum Variety quantitative methodology and Smart for Climate methodology, targeting a 25% reduction in carbon exposure versus its management model while maintaining financial characteristics. Uses multi-factor construction (value, growth, momentum, size).
• CreditMax Euro Smart for Transition Credit/bond fund targeting the BBB-BB segment of the Eurozone credit universe with an investment-grade average rating objective. Seeks significant yield premium while maintaining risk at investment-grade level through fundamental analysis and risk equilibrium, with embedded Smart for Transition carbon reduction.
• Fideas Smart for Climate actions Eurozone Article 9 SFDR fund with ISR label, combining a robust multi-factor management process with the Smart for Climate methodology for portfolio carbon intensity reduction, developed with Trucost (S&P). The first open fund to propose portfolio carbon intensity reduction while remaining broadly diversified and faithful to its multi-factor model.
• Fideas ACT for Climate SICAV Impact investment SICAV taking equity participations in French listed mid-cap industrials (ETI), accompanying them over 5 years with transition plan support using ADEME's ACT PAS A PAS methodology. The first SICAV to hold 'entreprise à mission' status (No. 998) for climate transition. Portfolio companies include Thermador Groupe, Séché Environnement, and La Compagnie des Alpes.
• GPHO Profile Funds Fund of funds with three risk profiles (Dynamique Réactif, Equilibre Réactif, Patrimoine Réactif) managed with strategic allocation and multi-management expertise, providing risk control of financial and style factors. Accessible to wealth management professionals (CGPs) for distribution to private clients.
• Dedicated Management Mandates Customized portfolio management mandates and dedicated investment funds for institutional and professional investors, implementing the Smart for Transition methodology. Designed for institutional investors and family offices seeking bespoke systematic, quantitative, or fundamental credit management mandates.
• Strategic Asset Allocation Advisory Strategic allocation and multi-management advisory services for institutional investors and management professionals, including contra-cyclical long-term liability coverage models and portfolio construction using the Maximum Variety methodology.

Quantifiable outcome

• 25% carbon intensity reduction in Betamax Europe Smart for Climate portfolios
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered core and minor.

• ADEMEcoreStrategic or Co-development Partner · 1 January 2023Partnership with ADEME (French Agency for Ecological Transition) for ACT PAS A PAS methodology development. ADEME provides the scientific framework for evaluating industrial companies' decarbonation transition plans. Fideas ACT for Climate uses this methodology to assess and support portfolio companies' transition strategies. ADEME President Sylvain Waserman participated in May 2025 conference.
• Trucost (S&P Global)coreTechnology or Integration · 1 January 2017Environmental data provider partnership for Smart for Climate® methodology. Trucost provides carbon emissions data and environmental analysis methods that power the carbon intensity reduction process in fund portfolios.
• Institut Louis BachelierminorStrategic or Co-development Partner · 1 January 2015Research partnership established in 2015 for factor-based investment research. Contributed to the development of multi-factor models entering active management in 2016.
• Montpensier-ArbevelcoreStrategic or Co-development PartnerCollaboration with Montpensier-Arbevel for stock selection in the Fideas ACT for Climate SICAV. Montpensier-Arbevel provides analysis and support for identifying industrial ETI investments aligned with transition objectives.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Sycomore Asset Management: Paris-based independent asset manager explicitly focused on ESG and impact investing across equities and credit. Closely comparable to Fideas in being a French boutique combining fundamental stock selection with proprietary climate/transition scoring and Article 9 SFDR product offerings.
• Mirova: French sustainable investment affiliate of Natixis Investment Managers, active in listed equities, fixed income and natural capital with strong climate/transition DNA. Overlaps with Fideas ACT for Climate as a French-listed impact investor and with Fideas' Smart for Climate thematic funds.
• La Financière de l'Échiquier: Paris-based independent asset manager combining fundamental equity and credit with proprietary ESG analysis. Comparable to Fideas in scale, distribution via French wealth-management networks, and integration of climate/transition factors into mainstream funds.
• DNCA Finance: French independent asset manager (subsidiary of Natixis but operated autonomously) offering European equity, fixed income and diversifier strategies distributed through private banks and CGPs. Comparable to Fideas in target client base (French wealth advisors and institutions) and multi-strategy approach.
• Montpensier Arbevel: French mid-size independent asset manager specializing in European and small/mid-cap equities with an explicit thematic and ESG orientation. Directly comparable as it is co-stocking Fideas ACT for Climate, and operates a similar mix of fundamental and systematic processes for French wealth/institutional clients.
• Ecofi Investissements: Crédit Mutuel group's French SRI/ESG specialist, managing money-market, credit and equity portfolios with explicit ISR label and SRI screening. Comparable to Fideas in the breadth of climate-aware mandates and the wealth-management distribution orientation.
• Amiral Gestion: French independent asset manager combining quantitative multi-factor equity strategies with fixed income and management mandates. Closely comparable to Fideas in the systematic + fundamental hybrid model and the use of smart-beta / factor frameworks in European equity.

Broad incumbents

• LBP AM: One of the largest French asset managers, with deep ESG/ISR-labelled fund range and Tocqueville-branded impact strategies. Overlaps with Fideas in ISR-labelled transition themes but operates at significantly greater scale with broader distribution.
• OFI Asset Management: Major French multi-affiliate asset manager covering equities, fixed income and ESG thematic strategies. Comparable in breadth across active management and ESG product structuring, though with a much broader institutional and insurance-client base than Fideas.
• Lyxor Asset Management: SG group affiliate with deep systematic/smart-beta and ETF/climate-index franchise. Comparable to Fideas in the systematic and factor-based process for European equities, but at much larger scale and with passive as well as active capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/fideas-capital

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Fideas Capital