Keren Finance

What Keren Finance does

Keren Finance is an independent French asset management company (société de gestion) regulated by the AMF under registration GP 01-001 and operating under the OPCVM/UCITS 2009/65/CE directive. Structured as a SAS (Société par Actions Simplifiée) with €2,200,380 in share capital, the firm is headquartered in Paris (8th arrondissement) and distributes its funds primarily in France, Belgium, and the Netherlands, while excluding US and UK investors. The company is founder/management-owned with no disclosed external investors or parent entity.

The firm operates a traditional, non-technology-mediated asset management platform built on fundamental analysis, discretionary stock picking, and direct issuer engagement. It manages a roster of 9–10 UCITS funds across four categories: French and European small/mid-cap equities (Keren Essentiels, Keren Select Europe), balanced (Keren Patrimoine), euro-denominated corporate credit (Keren Corporate, Keren Crédit ISR, plus dated maturity funds Keren 2029 and Keren 2032 launched from 2023), and three partner funds (Génération Patrimoine, Alpha, Evo). All funds are classified SFDR Article 8, with Keren Crédit ISR holding the French Label ISR and Keren Essentiels holding the Label Relance. The firm also provides private wealth management services (mandates, brokerage, custodian referrals).

Revenue is generated entirely through recurring management fees (1.00%–2.11% annually depending on fund) and performance fees (typically 15–20% of outperformance above benchmark/hurdle). Distribution is B2B2C, routed through independent wealth management advisors (CGPI), private banking networks, and direct-to-investor channels via Assurance Vie and PEA wrappers. The commercial team is led by a Directeur du Développement and a Directeur Commercial, supported by dedicated partner-relations staff. The firm has earned consecutive Quantalys Harvest Group Awards (2024, 2025) in the Euro Bond category, recognition that supports its positioning in the French bond segment.

Name

Keren Finance

Legal name

Keren Finance

Website

https://kerenfinance.com

Company type

Private

Founded year

2001

Operating status

Operating

Short description

Keren Finance is an independent French asset management firm (AMF-regulated, UCITS) managing 9–10 funds across European small/mid-cap equities, corporate credit, and dated bond strategies, serving retail and professional investors via wealth advisors and Assurance Vie/PEA wrappers.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (52591)

SIC

Investment Advice (6282)

akta.pro primary industry

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

Keywords

• Asset management
• Mutual funds
• Portfolio management
• Equity funds
• Bond funds

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Management fees: Keren Finance generates revenue through management fees charged on its investment funds (OPCVM/UCITS). Fees range from 1.00% to 2.11% annually depending on the fund. The company also earns performance fees (20% of outperformance above benchmarks or hurdles).

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Keren Finance is an independent French asset management company (société de gestion de portefeuille) that manages and distributes 9 UCITS (OPCVM) investment funds across equity, mixed, and bond strategies, including French small/mid-cap equities, European equities, corporate credit, and ESG-labeled bond funds. The firm complements its collective fund offering with private wealth management mandates and ESG-integrated investment services for retail and professional investors primarily in France, Belgium, and the Netherlands.

Product overview

Keren Finance is an independent asset management company (Société de gestion) offering a unified platform of investment products and services. The core offering consists of 10 distinct funds across four categories: two equity funds (Keren Essentiels focusing on French small-mid caps; Keren Select Europe for European equities), one mixed fund (Keren Patrimoine for balanced exposure), four bond funds (Keren Corporate, Keren Crédit ISR with ISR label, and two dated maturity funds Keren 2029 and Keren 2032), plus three partner funds (Génération Patrimoine, Alpha, and Evo). These are complemented by private wealth management services and ESG-integrated investment advisory. The company is AMF-regulated (GP 01-001) and operates under OPCVM 2009/65/CE directive.

Differentiator

Problem solved

Functional benefit

Products and services

• Keren Essentiels French small and mid-cap equity fund (PEA-eligible) investing in PME-ETI stocks under 1 billion euros capitalization, with supplementary fixed income instruments. Managed by Stéphane Pasqualetti and Antoine Laurent. Holds the Label Relance.
• Keren Select Europe European equities fund investing without Growth or Value bias, using discretionary stock selection based on fundamental analysis and DCF/comparable valuation methods. Managed by Antoine Laurent and Alexandre Brulé. Benchmark switched to Stoxx Europe 600 dividends reinvestis from 21/06/2025.
• Keren Patrimoine Mixed (balanced) fund offering diversification across equities and bonds with a balanced risk profile. Classified as Fonds Mixtes with SFDR 8 designation.
• Keren Corporate Corporate bond fund investing in euro-denominated corporate debt securities with active management. Managed by Benoît Soler. SFDR 8 classified.
• Keren 2032 Dated bond fund with maturity target on 31/12/2032, managed by Benoît Soler and Alexandre Brulé. Discretionary management of diversified debt securities from private, public, and sovereign issuers. SFDR 8 classified.
• Keren 2029 Dated bond fund with maturity target on 31/12/2029, seeking annualized net performance above 4%. Managed by Benoît Soler and Benoît de Broissia with a discretionarily managed diversified debt portfolio. SFDR 8 classified.
• Keren Crédit ISR Socially responsible corporate bond fund (Label ISR) seeking performance above the Bloomberg Barclays EuroAgg Corporate Total Return index. Invests in euro-denominated private debt, convertible securities, Green Bonds, and Social Bonds with ESG integration. 10% of performance fees go to the KEREN FINANCE endowment fund. SFDR 8 classified.
• Génération Patrimoine Partner fund offered as part of the Fonds Partenaires range, classified as SFDR 8 with ESG criteria.
• Génération Alpha Partner fund offered as part of the Fonds Partenaires range, classified as SFDR 8 with ESG criteria.
• Génération Evo Partner fund offered as part of the Fonds Partenaires range, classified as SFDR 8 with ESG criteria.
• Gestion Privée (Private Wealth Management) Private wealth management services including financial management (gestion financière), brokerage and referrals (courtage et mise en relation), and custodian bank services (banques dépositaires) for individual and family portfolios.
• Gestion Collective (Collective Investment Management) Collective investment management services covering OPCVM funds across equity, mixed, bond, and partner fund categories.
• ESG – Investissement Responsable Responsible investment services incorporating ESG (Environmental, Social, Governance) philosophy, methodology, and documentation into fund management approach across SFDR 8-classified funds and the Label ISR-certified Keren Crédit ISR.

Quantifiable outcome

• Keren Essentiels: +7.93% YTD performance (as of July 2026), +226.19% since inception (July 2012)
• +3 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered operational and minor.

• CIC Market SolutionsoperationalOthersCIC Market Solutions serves as the depositary bank (centralisateur/dépositaire) for Keren Finance's funds, providing custody and settlement services for the fund assets.
• Harvest / QuantalysminorOthersKeren Finance participates in the Quantalys Harvest Group Awards, an industry recognition program for fund management companies in the French-speaking market.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Mandarine Gestion: Independent Paris-based boutique focused on European small and mid-cap equities and ESG-screened strategies. Highly comparable given overlapping SMID-cap equity franchise and similar advisor-led GTM motion.
• VEGA Investment Managers: Paris-based independent AM firm with European fixed income, equity and multi-asset UCITS funds. Comparable product breadth, ESG positioning, and French CGPI-led distribution model.
• Montségur Finance: Independent French asset management boutique offering actively managed UCITS funds across equities, bonds and balanced strategies. Directly comparable in size, product mix, and distribution through CGPI networks; multiple Keren alumni previously worked at Montségur.
• Richelieu Finance: Paris-based independent AM firm serving retail and professional clients via wealth advisor networks. Operates a similar UCITS fund range with multi-asset and conviction strategies, and is a recurring employer of several Keren team members.
• DNCA Finance: French boutique asset manager owned by Natixis, known for conviction-driven European equity and balanced UCITS funds with strong ESG integration. Highly comparable on product philosophy, French distribution focus, and SFDR positioning.
• Federal Finance Gestion: Independent French AM firm ( Crédit Mutuel Arkéa group) offering UCITS bond, equity and structured funds via French advisor networks. Comparable in mid-cap/bond focus and reliance on CGPI distribution.

Broad incumbents

• CPR Asset Management: Amundi-owned French asset manager with thematic, equity, credit and ESG-focused UCITS funds. Overlaps directly with Keren Crédit ISR and equity franchises, but CPR has much larger AUM and broader institutional penetration.
• Rothschild & Co Asset Management: Asset management arm of Rothschild & Co offering active conviction-driven European and global equity, credit and multi-asset funds. Overlaps with Keren on discretionary management philosophy and French private banking distribution.
• Lazard Frères Gestion: French arm of Lazard's global asset management business, offering UCITS equity, fixed income and balanced funds distributed through private banks and advisors. Comparable product set but at incumbent scale with broader international reach.
• OFI Asset Management: Large French asset manager (subsidiary of OFI group) offering broad UCITS, ESG, fixed income and equity funds. Overlaps with Keren across multi-asset and credit products but operates at significantly greater AUM scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/kerenfinanceparis

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 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 Keren Finance