What CORUM Butler does

CORUM Butler is an independent European asset management group formed in 2011 through the merger of CORUM Asset Management (founded 2011 by Frédéric Puzin) and Butler Investments Managers (founded 2008 by Walter Butler). The group manages over €10 billion in assets across two core product lines: European High Yield bond funds (7 UCITS vehicles including the flagship Butler Credit Opportunities long/short strategy) and professional real estate investment through 4 SCPI funds (CORUM Origin, CORUM XL, CORUM EURION, and CORUM USA). A wholly-owned life insurance company, CORUM Life (launched 2020 with €20M share capital), provides an exclusive unit-linked wrapper composed entirely of in-house funds.

The group employs 250+ professionals across offices in Paris, London, Dublin, Amsterdam, Singapore, Lisbon, and Vienna, and serves 150,000+ individual and institutional investors. Distribution is vertically integrated through CORUM L'Épargne SAS (exclusive distributor) and a network of independent financial advisers across 19+ countries. The firm holds regulatory authorizations from AMF (France), CBI (Ireland), FCA (UK), ACPR (France for insurance), and MAS (Singapore), enabling passporting of UCITS products across Europe and Asia.

CORUM Butler is 100% independent with capital held by 10 associate directors and has never required external fundraising. Revenue is generated through recurring management fees on AUM, with the real estate segment managing €8B+ and bond funds managing €1.6B. The firm differentiates on long-tenured performance track records (11 consecutive years positive for BCO, 10-year IRR of 6.84% for CORUM Origin), in-house control of the full real estate value chain (acquisition to property management for 400+ tenants), and an ESG screening process integrated with third-party Sustainalytics ratings.

Name

CORUM Butler

Legal name

CORUM L'Épargne SAS

Website

https://corumbutler.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

101–250 employees

Short description

CORUM Butler is an independent European asset manager managing €10B+ across High Yield bond funds and SCPI real estate funds, with an in-house life insurance wrapper (CORUM Life), serving 150,000+ individual and institutional investors across 19+ countries.

Ownership category

akta.pro rank

Product category

Asset Management / Wealth Management

NAICS

Portfolio Management and Investment Advice (523940), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Investment Advice (6282), Life Insurance (6311)

akta.pro primary industry

Multi-Asset Mutual Funds & UCITS (Balanced/Allocation Funds) (FSAAAJAA)

Keywords

• European asset management
• High yield bond funds
• SCPI real estate funds
• Unit-linked life insurance
• UCITS fund management

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Fund Management (SCPIs): CORUM Asset Management manages real estate assets across several funds (CORUM Origin, CORUM XL, CORUM EURION, CORUM USA) generating revenue through management fees on over €8 billion in real estate assets under management
2. Bond Fund Management: CORUM Butler Asset Management manages 7 UCITS bond funds (Butler Credit Opportunities, CORUM Butler European High Yield, CORUM Visio, CORUM Tellia, CORUM Butler Entreprises, CORUM Butler Entreprises 2029, CORUM Rosetta) with €1.6 billion in assets under management, generating management fees
3. Life Insurance Products: CORUM Life insurance company manages the Corum Life insurance contract, a unit-linked life insurance policy composed exclusively of CORUM Butler's SCPI and bond fund products. Revenue generated through insurance product management

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

CORUM Butler is an independent European asset management group that manages and distributes investment products across two core areas: High Yield bond funds (seven UCITS funds including Long/Short, Long Only, Short Duration, ESG, Fixed Maturity, and multi-asset strategies) and professional real estate investment through SCPI funds (pan-European and US-focused). All products are accessible via the CORUM Life unit-linked insurance contract, providing a single integrated wrapper for retail and institutional investors across Europe and Asia.

Product overview

CORUM Butler is an independent European asset management group offering two core investment product lines: High Yield bond funds (7 UCITS funds) and professional real estate investment through SCPI (Sociétés Civiles de Placement Immobilier) funds. The bond fund range includes Butler Credit Opportunities (BCO, Long/Short strategy), CORUM Butler European High Yield (Long Only), CORUM Visio (Short Duration), CORUM Tellia (ESG/SRI-certified), CORUM Butler Entreprises and CORUM Butler Entreprises 2029 (Fixed Maturity), and CORUM Rosetta (wealth fund combining bonds and equities). The real estate fund range includes CORUM Origin (pan-eurozone), CORUM XL (global diversification including Canada and the US), CORUM EURION (eurozone open-ended), and CORUM USA (US-focused). All products are accessible via the CORUM Life unit-linked insurance contract, which provides exclusive in-house access to the full product range. The group manages over €10 billion in assets across 250+ employees in 7 countries.

Differentiator

Problem solved

Functional benefit

Brands

• CORUM Asset Management: 100% independent asset management company managing real estate assets and SCPI funds (CORUM Origin, CORUM XL, CORUM EURION, CORUM USA). Authorized and regulated by AMF in France.
• CORUM Butler Asset Management (CBAM)
• Butler Investment Managers
• CORUM Life
• Butler Corum Asia

Products and services

• Butler Credit Opportunities (BCO)
• CORUM Butler European High Yield (CBEHY)
• CORUM Visio
• CORUM Tellia
• CORUM Butler Entreprises (CBE)
• CORUM Butler Entreprises 2029 (CBE 2029)
• CORUM Rosetta
• CORUM Origin
• CORUM XL
• CORUM EURION
• CORUM USA
• CORUM Life

Quantifiable outcome

• Butler Credit Opportunities (BCO) achieved 11 consecutive years of positive performance (as of 2020)
• +3 more outcomes

Named customers4 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

Feature3 records

Partnerships

One partnership is on record.

• SustainalyticssupportingTechnology or IntegrationThird-party ESG ratings and analysis provider used for ESG screening in the investment process. Sustainalytics provides ESG risk scores used to systematically exclude issuers with 'Severe ESG Risk' ratings.

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Paref Gestion: French SCPI and real estate asset manager with pan-European presence. Comparable in SCPI product focus and French retail distribution approach.
• BlueBay Asset Management: European credit specialist with Long/Short and Long Only HY strategies. Closely aligned with CORUM Butler's bond fund philosophy and UCITS structure.
• Perial Asset Management: French SCPI manager with pan-European real estate exposure. Comparable to CORUM for SCPI retail offerings and pan-European real estate investment strategy.
• Muzinich & Co: Specialist European and US High Yield credit manager with a Long/Short and Long Only product range closely mirroring CORUM Butler's bond fund suite (BCO/CBEHY equivalent).
• TwentyFour Asset Management: London-based specialist fixed income manager focused on European credit, including short duration and ABS strategies. Closely comparable to CORUM Butler's European HY bond fund franchise.
• Primonial REIM: Major French SCPI and real estate fund manager. Directly comparable to CORUM Asset Management for the SCPI retail real estate fund business in France.
• Sofidy: French SCPI and real estate asset manager serving retail investors via direct distribution. Directly comparable for the SCPI product line and retail distribution model.
• Tikehau Capital: Paris-based alternative asset manager with European credit and real estate strategies. Most direct comparable in size, scope, and French/European alternative-asset orientation, including listed credit and real estate products.

Broad incumbents

• AXA Investment Managers: Large European asset manager with credit and real estate strategies. Comparable product overlap (European credit, real estate funds) but operates as part of a much larger insurance-owned group.
• Amundi: Europe's largest asset manager with broad fixed income, real estate, and life insurance offerings. Overlaps with CORUM Butler in UCITS bond funds and European real estate but at vastly greater scale and broader scope.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/CORUM.FR
• LinkedInlinkedin.com/company/corumbutler
• Instagraminstagram.com/corum_lepargne/?hl=en

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries6 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 CORUM Butler