Cedrus Partners
Cedrus Partners is a Paris-based, ACPR/AMF-regulated European investment company that advises Single Family Offices, foundations, and associations on multi-asset-class portfolio construction across listed and private markets, manages the Private Stars Selection fund-of-funds range, and distributes white-label solutions via Tressis, SwissLife, and BNP Paribas REIM.
- Company typePrivate
- Founded2010
- HeadquartersParis, France
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Cedrus Partners does
Cedrus Partners (Cedrus & Partners) is a Paris-headquartered European investment company founded in 2010 by Christel Bapt and Benoit Magnier, regulated by the ACPR-Banque de France (CIB 14883) and the AMF. It advises large long-term investors — Single Family Offices, ultra-high-net-worth families, foundations, and associations — on asset allocation across listed and unlisted assets, with a stated €10+ billion in advised assets and coverage of 9 of the 100 largest French families (Challenges 2023 ranking). The firm operates three offices (Paris, Madrid, Luxembourg) and runs two proprietary digital platforms — Atlas for monitoring non-listed/alternative assets and Spare for consolidated portfolio reporting — built on a Salesforce-integrated CRM backbone.
The business model rests on three revenue streams: (1) bespoke investment advisory fees from direct mandates with large long-term investors, (2) management and distribution of multi-manager fund-of-funds products under the Private Stars Selection (PSS) brand (FPCI PSS III closed at €50 million in January 2024), with entry tickets of €100,000 and target net IRR of 10-11%, and (3) white-label fund-of-funds and impact solutions distributed through financial intermediaries including Tressis (Spain), SwissLife, BNP Paribas REIM, and CGP/MFO partner networks in France. The Impact Range has raised €200+ million cumulatively, with over 119 people rehoused through impact real-estate vehicles partnered with Samu Social de Paris, Habitat et Humanisme, and the Abbé Pierre Foundation.
Cedrus distinguishes itself through a community-led ecosystem — the Family Club (80+ European families) and the Finance and General Interest Circle (CFIG, 150+ associations and foundations) in partnership with IDAF — plus the Académie du Non Coté training platform. B Corp certification since 2020 (recertified March 2024) anchors an ESG-oriented positioning. A 2023 leadership transition installed Matthieu Broquère as President and Sébastien Roca as General Manager, while founders Christel Bapt and Benoit Magnier continue on the Supervisory Board.
Cedrus Partners firmographics
Firmographics- Name
- Cedrus Partners
- Legal name
- Cedrus Partners
- Website
- https://cedruspartners.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Cedrus Partners is a Paris-based, ACPR/AMF-regulated European investment company that advises Single Family Offices, foundations, and associations on multi-asset-class portfolio construction across listed and private markets, manages the Private Stars Selection fund-of-funds range, and distributes white-label solutions via Tressis, SwissLife, and BNP Paribas REIM.
- Ownership category
- akta.pro rank
Cedrus Partners industry classification
Industry- Product category
- Investment Advisory & Private Markets Wealth Management
- NAICS
- Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Fee-Based Advisory (FSAEAAAM)
- akta.pro secondary industry
- Co-Investment / Direct Allocation Platforms (alongside FoF) (FSANAGAK)
Keywords
Where Cedrus Partners is headquartered
LocationHeadquarters
- HQ city
- Paris
- HQ country
- France
- HQ region
- Europe
Offices3 records
Markets served
Cedrus Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- Investment Advisory Fees: Ongoing advisory fees charged to large investors (Family Offices, Foundations, Associations) for portfolio construction, GP selection, and asset allocation advisory services.
- Fund of Funds Distribution (PSS Range): Management and distribution of multi-manager, multi-thematic fund of funds products (FPCI Private Stars Selection) targeting informed investors with €100,000 entry tickets. Fund managed by FundPartner AM with Cedrus & Partners as advisor.
- White-Label Solutions for Financial Intermediaries: Design and advisory on bespoke fund of funds products distributed through large bank and insurance networks, such as Plan Capital Privado Global FCR with Tressis, and impact real estate solutions via SwissLife and BNP Paribas REIM.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Multi-year contract | FPCI Private Stars Selection III (PSS III) - Fund of Funds |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels7 records
Cedrus Partners product offering
Product offeringCore offering
Cedrus & Partners is a European regulated investment company that advises large long-term investors (single family offices, foundations, associations) on asset allocation across listed and non-listed assets, with preferential access to top-tier General Partners (GPs). It supplements its advisory mandates with proprietary digital platforms (Atlas for private-asset monitoring, Spare for consolidated reporting), multi-manager fund of funds products (Private Stars Selection range), impact investment solutions (Pierre Impact / Impact Range), and white-label fund of funds offers distributed through banks, insurers, and independent advisors.
Product overview
Cedrus & Partners operates as a unified investment advisory platform with two proprietary digital tools (Atlas for private market access and Spare for consolidated portfolio reporting) as core components of its service delivery. The company offers fund of funds products under the Private Stars Selection (PSS) brand, impact investing solutions through Pierre Impact, and educational services via the Académie du Non Coté. Investment advisory services focused on alternative/non-listed assets for family offices, foundations, and associations form the primary business, supported by proprietary technology platforms.
Differentiator
Problem solved
Functional benefit
Brands
- Atlas: Digital platform for monitoring alternative/non-listed assets
- Spare
- Académie du Non Coté
- Private Stars Selection (PSS)
- Pierre Impact
- Family Club
- Cercle Finance et Intérêt Général (CFIG)
Products and services
- Atlas by C&P Atlas is the proprietary digital platform that gives Cedrus & Partners' institutional and family-office clients visibility, monitoring, and access to their non-listed / alternative investment portfolios across private equity, private debt, infrastructure and real estate.
- Spare by C&P Spare is Cedrus & Partners' proprietary consolidated portfolio reporting tool that provides clients with a precise global view of their entire investment portfolios across listed and unlisted asset classes.
- Private Stars Selection (PSS) — Fund of Funds range Private Stars Selection (PSS) is Cedrus & Partners' range of vintage multi-manager, multi-thematic funds of funds that replicate the alternative investment programs used by the largest European families; PSS III targets a net IRR of 10–11% with a €100,000 minimum entry ticket for informed investors and is managed by FundPartner AM with Cedrus & Partners as advisor.
- Pierre Impact / Impact Range Pierre Impact is Cedrus & Partners' impact investing product line combining financial profitability with measurable social and environmental impact, including SC Pierre Impact for the French life insurance market (with BNP Paribas REIM) and Impact Range real-estate solutions (with SwissLife), with over €200 million raised and 119+ people rehoused through Impact Range funds.
- Plan Capital Privado Global FCR (with Tressis) White-label fund of funds designed and advised by Cedrus & Partners for Tressis in Spain (second vintage, following the December 2021 launch of Tressis Plan Capital Alternativo SCR) targeting €40 million in commitments with a 15% IRR over a 10-year horizon and investing in secondaries, regional and sectoral private equity, US mid-market PE and infrastructure.
- Académie du Non Coté Académie du Non Coté is Cedrus & Partners' educational training platform on alternative/uncorrelated markets hosted on 360Learning, supporting investor decision-making on private markets for the firm's advisor network and clients.
- Investment Advisory Services (Bespoke Asset Allocation) Cedrus & Partners' bespoke investment advisory service for large long-term investors (single family offices, foundations, associations) covering asset allocation across listed and non-listed assets, exclusive GP access through aggregated volumes, capital-preservation portfolio construction and preferential pricing.
Quantifiable outcome
- €10+ billion in advised assets
- +4 more outcomes
Companies that use Cedrus Partners
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles3 records
Cedrus Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature2 records
Cedrus Partners partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core, minor and flagship.
- TressiscorePartnership with Tressis, one of Spain's largest independent private banks, for the launch of Plan Capital Privado Global FCR (second vintage fund of funds targeting €40M in commitments with a 15% IRR target over 10 years). The fund invests approximately 30% in infrastructure funds and 70% across secondary market, regional and sectoral private equity, and US mid-market private equity. This is the second vintage following the successful launch of Tressis Plan Capital Alternativo SCR in December 2021.
- FundPartner AMcoreFundPartner AM is the fund manager of FPCI Private Stars Selection III (PSS III), a multi-manager, multi-thematic fund of funds advised by Cedrus & Partners. The fund replicates the asset allocation know-how of the largest European families. PSS III achieved its 3rd closing at €50 million in January 2024 and made initial investments in Ara Partners III (Net Zero Transition), Maxburg Capital Partners IV (Germany regional PE), and TPG Healthcare Partners II (US healthcare sectoral PE).
- Ara PartnersminorAra Partners III is the first commitment of FPCI PSS III, specializing in industrial decarbonization technologies. The fund positions itself as a pioneer in investing in the energy transition, aiming to reduce greenhouse gas emissions of participating companies by 60%.
- Maxburg Capital PartnersminorMaxburg Capital Partners Beteiligungen IV is the second commitment of FPCI PSS III, targeting SMEs in the DACH (Germany, Switzerland, Austria) region with high recurring revenue streams.
- TPGminorTPG Healthcare Partners II is the third commitment of FPCI PSS III, a healthcare dedicated investment fund managed by TPG, a global alternative asset management firm. TPG Healthcare Partners was formed in 2018 as an extension of TPG's healthcare franchise, investing in mid-tier U.S. companies targeting significant revenue growth in healthcare.
- IDAF (Institut Des Associations et Fondations)flagshipPartnership with IDAF for the Finance and General Interest Circle (CFIG), a series of exclusive meetings for committed players in the associative and foundation world. Events focus on skills-based sponsorship and volunteerism, creating strong links between participants and offering a platform for sharing expertise and best practices. Over 45 financial managers and non-profit leaders participated in the inaugural CFIG session.
- SwissLifecorePartnership with SwissLife for Real Estate Impact Investing, providing solutions focused on social and environmental impact through the Impact Range of funds.
- BNP Paribas REIMcorePartnership with BNP Paribas REIM for SC Pierre Impact, a civil society company for the French life insurance market combining financial profitability with quantifiable extra-financial impact in real estate.
- Samu Social de Paris, Habitat et Humanisme, Abbé Pierre FoundationcoreImpact investing partnerships launched in 2018 for the solidarity real estate company Solifap, providing social and environmental impact through real estate investments. The Abbé Pierre Foundation's solidarity real estate company offers solutions addressing housing needs.
- AMF (Autorité des Marchés Financiers)minorRegulatory oversight by the French AMF. Cedrus & Partners is an investment firm registered with ACPR under CIB 14883 and a member of AMF. AMF mediates customer complaints. The company also adheres to AMF instruction n°2012-07 for complaints handling.
- ASF (Association des Sociétés Financières)minorCedrus & Partners is a member of the French Association des Sociétés Financières (ASF), a professional association for financial services companies. ASF also serves as a mediator for customer complaints alongside AMF.
Scale indicators8 records
Recent moves10 records
Expansion highlights6 records
Cedrus Partners competitors and assessment
Company assessmentBroad incumbents
- Edmond de Rothschild Asset Management: European private banking and asset management group offering wealth advisory, multi-asset solutions, and private market funds to HNW and institutional clients. Overlaps with Cedrus on private market access for family offices and foundations but operates at much larger scale with full banking capabilities.
- Indosuez Wealth Management: Credit Agricole's private wealth arm offering investment advisory, discretionary management, and access to private markets for HNW and UHNW families across Europe. Comparable client segment (large family offices, foundations) and breadth of private market solutions, though embedded in a much larger banking group.
- Tikehau Capital: Paris-based alternative asset manager with private debt, private equity, real estate, and capital markets strategies. Comparable in alternative asset focus and French/European footprint, but Tikehau is both GP and asset manager while Cedrus is purely an advisor/asset allocator; overlap exists in the private wealth distribution channel.
- Natixis Investment Managers (Ostrum): French institutional asset manager (part of Groupe BPCE) offering fixed income, equity, and alternative investment solutions to pensions, insurers, foundations, and large investors. Comparable in serving institutional French/European clients with multi-asset advisory mandates, though at materially larger scale.
Direct peers
- Unigestion: Swiss asset manager focused on private markets, equities, and multi-asset solutions for institutional and private wealth clients. Comparable to Cedrus given the focus on alternative/private market access, institutional and HNW client base, and emphasis on bespoke portfolio construction in European markets.
- bfinance: UK-headquartered investment advisory firm specializing in manager research and portfolio construction for institutional investors, foundations, and family offices across Europe. Highly comparable to Cedrus given overlapping client base, similar advisory mandate model, and shared history (Cedrus co-founder Christel Bapt was formerly at bfinance France).
- Quaero Capital: Independent Geneva-based investment firm offering advisory, discretionary management, and fund solutions to European HNW clients, foundations, and pension funds. Comparable in size, business model, target clientele, and emphasis on alternative/non-listed asset access for long-term investors.
Others
- FundPartner AM: Swiss fund management company that manages the PSS fund of funds range for Cedrus. Operationally a partner rather than competitor, but offers similar multi-manager fund of funds solutions to European private clients through its own distribution channels.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
Cedrus Partners social profiles
Digital presenceCedrus Partners compliance and trust
Trust signalCompliance3 records
Cedrus Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cedrus Partners leadership team
Management profileNumber of profiles
Profiles21 records
Cedrus Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cedrus Partners 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 Cedrus Partners
What does Cedrus Partners do?
Cedrus & Partners is a European regulated investment company that advises large long-term investors (single family offices, foundations, associations) on asset allocation across listed and non-listed assets, with preferential access to top-tier General Partners (GPs). It supplements its advisory mandates with proprietary digital platforms (Atlas for private-asset monitoring, Spare for consolidated reporting), multi-manager fund of funds products (Private Stars Selection range), impact investment solutions (Pierre Impact / Impact Range), and white-label fund of funds offers distributed through banks, insurers, and independent advisors.
Is Cedrus Partners a public or private company?
Cedrus Partners is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Cedrus Partners founded?
Cedrus Partners was founded in 2010. It employs 11 to 50 people.
Where is Cedrus Partners based?
Cedrus Partners is headquartered in Paris, France, in the Europe region.
How does Cedrus Partners make money?
Three revenue lines are on record. Investment Advisory Fees are the primary driver. The others are fund of Funds Distribution (PSS Range) and white-Label Solutions for Financial Intermediaries.
Who are Cedrus Partners's main competitors?
Broad incumbents on record are Edmond de Rothschild Asset Management, Indosuez Wealth Management, Tikehau Capital and Natixis Investment Managers (Ostrum). Direct peers are Unigestion, bfinance and Quaero Capital. FundPartner AM is listed as an others.
Does Cedrus Partners have an API?
No public API is recorded for Cedrus Partners.
What industry is Cedrus Partners in?
Cedrus Partners's product category is Investment Advisory & Private Markets Wealth Management. Its primary akta.pro industry code is FSAEAAAM, Fee-Based Advisory, with a secondary code of FSANAGAK, Co-Investment / Direct Allocation Platforms (alongside FoF). Its NAICS code is 523940 and its SIC code is 6282.