Pristine

What Pristine does

Pristine (formerly Solutions Fiducie) is a Paris-based AMF-regulated asset manager and fiduciary trustee operating exclusively in the French market under license GP-16000035 (granted December 28, 2016) with full AIFM authorization. Founded in 2016 and wholly owned by the GLAS Group, the firm specializes in using the fiducie — a French-law trust mechanism introduced in 2007 that enables the transfer of legal ownership of assets (cash, receivables, real estate, inventory, intellectual property, brands) into a bankruptcy-remote patrimony — to provide non-dilutive corporate financing, M&A trust engineering, and debt restructuring services. Pristine serves as both trustee and asset manager, operating three proprietary fund vehicles (Solutions Fiducie Entreprise 2017, Solutions Fiducie Entreprise 2025, and the €50 million Fonds de Revitalisation Industrielle endowed by General Electric) and offers ManCo-as-a-Service for third-party fund sponsors.

The firm's product surface spans Security Trust (Fiducie Sûreté) for bankruptcy-remote collateral, Management Trust (Fiducie Gestion) for governance and asset stewardship, specialized inventory trusts in partnership with Chetwode, and fiduciary engineering for shareholder agreement enforcement, earn-out securitization, and syndicated debt collateral agency. Pristine's technology stack is fundamentally legal-structural rather than software-based: differentiation rests on institutional expertise in fiducie construction, regulatory compliance (ISO 9001:2015 certified by Bureau Veritas as the first French fiduciaire in July 2020, PRI signatory), and integration with GLAS Group's €390 billion debt administration ecosystem for agency and custody services.

Pristine generates revenue through four streams: asset management fees on AUM (€200M+ under fiduciary and financial management), trustee/fiduciaire fees on security and management trust mandates, ManCo service fees for third-party fund structuring and administration, and management fees on the €50M GE-endowed Industrial Revitalization Fund. Pricing for SME borrowers is approximately 7-8% all-inclusive for €1.5-5M ticket sizes with 5-7 year maturities. Distribution is exclusively B2B and professional-investor-only under MiFID, delivered through direct relationship management, Exclusive Partners for fund commercialization, PwC for Industrial Revitalization Fund origination, and the GLAS Group network for cross-border agency services.

Name

Pristine

Legal name

Pristine

Website

https://pristine.finance

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Pristine is a Paris-based AMF-regulated asset manager and fiduciary trustee that institutionalizes French fiducie (trust) structures for non-dilutive SME financing, M&A, and restructuring, managing over €200 million across proprietary and third-party funds.

Ownership category

akta.pro rank

Product category

Fiduciary Asset Management

NAICS

Trust, Fiduciary, and Custody Activities (523991), Trusts, Estates, and Agency Accounts (525920), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Asset-Backed Securities (6189), Finance Services (6199)

akta.pro primary industry

Corporate & Institutional Trust Services (FSAAANAB)

akta.pro secondary industries

Fiduciary Investment Management (Trust Portfolios) (FSAEAKAI), Trust Administration & Fiduciary Accounting Services (FSAAANAF)

Keywords

• Fiduciary financing
• Asset management
• Trust services
• Alternative lending
• Fund management

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Asset Management Fees (Fonds de placement): Pristine charges management fees for managing alternative investment funds (AIFs) such as Solutions Fiducie Entreprise 2017 and Solutions Fiducie Entreprise 2025. These are FPS (Fonds Professionnels Spécialisés) dedicated to financing French SMEs through debt instruments secured by fiduciary assets. Revenue is generated as a percentage of assets under management.
2. Fiduciary Trustee Fees: Fees charged for acting as trustee/fiduciaire in security trust and management trust arrangements. The trustee receives remuneration for holding and managing ownership of assets in the fiduciary patrimony. These fees represent a small fraction of theoretical credit spreads (approx. 300 bps for comparable risk).
3. Fund Management as a Service (ManCo): Fees for providing comprehensive management company services to third-party fund sponsors: structuring assistance, administrative management, investment management, and regulatory compliance services for AIFs such as FPS, OFS, and FCT structures.
4. Industrial Revitalization Fund Management: Pristine was selected after competitive tender to manage the Industrial Revitalization Fund (Fonds de Revitalisation Industrielle), endowed with €50 million under the GE/Alstom agreement. Fees are earned for fund management services provided under a governance framework with a management committee and advisory committee.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Pristine is an AMF-regulated asset management and fiduciary trustee firm that uses the French fiducie (trust) mechanism to provide bankruptcy-remote Security Trusts (Fiducie Sûreté) and Management Trusts (Fiducie Gestion) for corporate clients, alongside ManCo (management company) services for alternative investment funds. The firm operates and distributes regulated AIFs — including Solutions Fiducie Entreprise 2017, Solutions Fiducie Entreprise 2025, and the €50M Fonds de Revitalisation Industrielle — reserved for professional investors under MiFID, and provides bespoke fiduciary engineering for M&A, restructuring, and inventory-backed financing.

Product overview

Pristine is a trustee and asset management firm authorized by the AMF (GP-16000035) offering structuring and management services for trusts under French law (fiducie) and alternative investment funds. The core offering centers on fiducie services—Management Trust and Security Trust—which enable risk mitigation, financing, and asset protection for corporate transactions. Complementing this, Pristine operates as a ManCo offering fund structuring, administration, and management services (Solutions Fiducie Entreprise 2017 and 2025 funds, and the €50M Fonds de Revitalisation Industrielle). The company also provides fiduciary engineering for complex situations including M&A, real estate financing, asset monetization, and debt restructuring, all underpinned by their ISO 9001-certified quality management system.

Differentiator

Problem solved

Functional benefit

Brands

• Solutions Fiducie Entreprise 2017: First fund managed by the company, dedicated to financing French SMEs through fiduciary-secured loans and bonds.
• Solutions Fiducie Entreprise 2025
• Fonds de Revitalisation Industrielle

Products and services

• Solutions Fiducie Entreprise 2017 A professional specialized fund (FPS) managed by Pristine, dedicated to financing French SMEs with non-dilutive debt (loans and bonds) secured by fiducie assets. Target ticket sizes of €1.5 to €5 million with 5-7 year maturities. Reserved for professional investors under MiFID.
• Solutions Fiducie Entreprise 2025 A professional specialized fund (FPS) managed by Pristine for financing French SMEs with non-dilutive debt secured by fiducie assets, with maturities up to 5 years. Follows the success of Solutions Fiducie Entreprise 2017. Reserved for professional investors under MiFID.
• Fonds de Revitalisation Industrielle A €50 million management fiducie fund established under GE's obligations from the GE/Alstom agreement, dedicated to supporting French industrial development and employment in the Belfort-Montbéliard region.
• Gestion de fonds as a service (ManCo services) Full AIFM-authorized management company services including fund structuring (legal review, IT onboarding, appointment of service providers), administrative management (fund accounting, covenant monitoring, liability management, investor reports), investment management (acquisition of receivables, granting of loans, investment committee), and regulatory management (LCB-FT review, AIFM/ESMA reporting, AMF relations) for alternative investment funds.
• Management Trust (Fiducie Gestion) A fiducie structure in which the trustee manages assets for the benefit of beneficiaries, used for estate management, corporate governance, shareholders' agreements, escrow accounts, and project finance. Can be combined with Security Trust for hybrid applications in project finance, structured finance, LBO, and debt restructuring.
• Security Trust (Fiducie Sûreté) A bankruptcy-remote fiducie structure where the settlor transfers assets to a trustee as collateral for debt financing, providing robust risk mitigation superior to traditional pledges (nantissement, hypothèque) under French law. Senior to all creditors including privileged creditors in insolvency proceedings; fiscally neutral transfer with reduced transaction costs.
• Fiduciary Engineering (Ingénierie Fiduciaire) Comprehensive fiduciary engineering services covering mergers and acquisitions, real estate financing, asset refinancing and monetization, and debt restructuring. Includes trust engineering for shareholder agreements, earn-out securitisation, asset-liability guarantees, collateral agency in syndicated debt, and execution of securities/collateral commitments.
• Agency Services Collateral and payment agent services provided through the GLAS Group partnership, including administration, payments, collateral management, calculations, and escrow services on notes issued or held by funds managed by Pristine. GLAS France (SAS) is regulated by the ACPR.

Quantifiable outcome

• Financing costs of 7-8% per annum all-inclusive versus equivalent credit risk priced at ~300 bps (3%) theoretical credit spread for sub-investment grade 5-year European index
• +6 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Chetwode (Chetwode Inventory Service)coreStrategic or Co-development Partner · 28 April 2022Chetwode partners with Pristine for fiduciary trust services in inventory/stock-backed financing transactions. Chetwode creates purpose-built SPVs (such as Chetwode Inventory Service) to acquire and finance client inventory, while Pristine acts as trustee receiving the SPV shares in fiduciary patrimony to secure the financing. This partnership enables 'deconsolidating' financing structures for retail/distribution groups.
• PwCcoreImplementation/ SI/ Consulting Partner · 17 December 2020PwC is mandated for the technical origination and instruction of applications to the Industrial Revitalization Fund (Fonds de Revitalisation Industrielle, €50 million). PwC handles the due diligence and technical evaluation of candidate projects, working alongside Pristine which manages the fund. This arrangement provides independent project evaluation within the fund's governance structure.
• Bureau VeritasminorOthers · 17 December 2020Bureau Veritas conducted the ISO 9001:2015 certification audit of Solutions Fiducie's quality management system, confirming Pristine as the first French fiduciaire to achieve this certification. Bureau Veritas is a global leader in testing, inspection, and certification.
• GLAS Group (parent company)coreStrategic or Co-development Partner · 28 July 2020Pristine is fully owned by GLAS Group, a global leader in debt administration services. GLAS Group is present in the UK, US, France, Germany, Spain, Australia, and Singapore with €390 billion under supervision (May 2024). GLAS France (SAS) is regulated by the ACPR and can act as agent (administration, payments, collateral, calculations, escrow) on notes issued or held by funds managed by Pristine, providing an integrated agency and custody ecosystem.
• Wilmington Trust (M&T Bank subsidiary)coreStrategic or Co-development Partner · 14 March 2019Wilmington Trust (French subsidiary of US bank M&T) entered into a business partnership with Solutions Fiducie to provide complementary trust and agency services in France. Wilmington Trust obtained ACPR approval as a payment institution in France and opened a Paris office. The partnership enables combined offerings leveraging Pristine's French fiducie expertise and Wilmington Trust's global trust and agency capabilities.
• Étude Généalogique Guénifey (EGG)minorStrategic or Co-development Partner · 8 August 2018Étude Généalogique Guénifey partnered with Solutions Fiducie to implement the first fiduciary protection scheme for the succession genealogy market. Approximately 8,000 notaries pay succession funds into a fiduciary patrimony held by Pristine until succession resolution, protecting heir assets from genealogical firm insolvency. Also implemented with Société Française de Recherche d'Héritiers (SFRH).
• Exclusive PartnerscoreChannel Partner/ Reseller/ Distributor · 30 October 2017Exclusive Partners was mandated to conduct the successful first closing of the Solutions Fiducie Entreprise 2017 fund (€13 million first closing) and is charged with the commercialization of the Solutions Fiducie fund products to professional investors. This partnership accelerates fund distribution and investor access.

Scale indicators10 records

Recent moves2 records

Expansion highlights6 records

Direct peers

• ACG Management: Paris-based AIFM and ManCo specialist providing fund structuring, administration and regulatory management services across European alternative funds. Directly comparable to Pristine's ManCo / Gestion de fonds as a service offering for AIF sponsors.
• Muzinich & Co: Specialist European private-debt asset manager running multi-vintage corporate credit funds. Compares to Pristine's Solutions Fiducie Entreprise funds in investor base (professional investors), asset class (European SME private debt) and AUM scale (~€200M+ across vintages).
• Tikehau Capital: Paris-listed alternative asset manager with dedicated private-debt, real-estate and special-situations strategies. Comparable to Pristine in French alternative-investor focus, multi-fund platform and SME/mid-market credit origination.
• La Française Group: French asset manager with established private-debt, multi-asset and alternative-credit capabilities. Comparable to Pristine in French institutional investor base, multi-vintage fund approach and SME/targeted-yield strategies.
• Indigo Capital: Paris-based AIFM and ManCo providing portfolio management, risk and compliance services for alternative funds. Directly comparable to Pristine's ManCo service line serving professional-investor-only AIFs in France.

Broad incumbents

• ODDO BHF Asset Management: French-German asset manager (with private-debt, credit and multi-asset funds) and a much larger broad incumbent. Overlaps Pristine's French professional-investor fund distribution and AIFM capability, though at considerably larger AUM scale.
• Natixis Investment Managers: Affiliated multi-boutique asset manager of Groupe BPCE with significant French institutional and retail distribution. Compares as a broad incumbent where corporate-credit/fiducie-style structured products are distributed at scale to French investors.
• Eurazeo: Paris-listed private-investment firm spanning private equity, private debt and real assets for institutional investors. Comparable as a broad French incumbent in alternative-credit/fund-management, with crossover into M&A and restructuring advisory where Pristine also operates.
• BNP Paribas Asset Management: France's largest asset manager with institutional private-debt, structured-credit and fund-servicing capabilities. Comparable to Pristine as a broad incumbent that could deploy fiduciary/trustee services at materially greater scale alongside its lending platform.
• Rothschild & Co Asset Management: French-rooted wealth and asset management group with private-debt and alternative-strategy units serving institutional and family-office clients. Overlaps Pristine's French professional-investor fund-management and fiduciary-engineering advisory offering.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/solutions-fiducie

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 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 Pristine