What Phitrust Asia does

Phitrust is a Paris-headquartered, AMF-licensed asset management company (AMF GP 99-23) founded in 2003 by Olivier de Guerre and Denis Branche to engage with European listed companies as an active shareholder on environmental, social, and governance issues. It operates two complementary business lines: (i) listed-asset management through the SICAV Phitrust Active Investors France (CAC 40 engagement, Trophée du Revenu 2024 winner in Actions France ISR), Phitrust Active Investors Europe, and Patrimoine Active Investors, generating recurring management fees on AUM; and (ii) unlisted social-impact investment through Phitrust Partenaires (2006), Phitrust Partenaires Europe (2016), and Phitrust Partenaires Inclusion (2023, SFDR Article 9), which provide €200K–€2M tickets plus governance support to ~45 portfolio social enterprises focused on inclusion, disability, vocational training, housing, food security, and circular economy. Phitrust Partenaires Inclusion reached a €60M final closing in February 2026 anchored by EIF (€20M), with a second vehicle targeting an additional €20–30M from qualified private investors currently open. A venture-philanthropy endowment fund (Fonds de Dotation, created 2006) supplements this with multi-year support to associations, financed by entry fees from managed funds and carried interest.

Underlying technology centers on three proprietary capabilities: a portfolio-allocation tool for systematically over- or under-weighting listed holdings based on financial quality, management engagement responses, and governance-event signals; a long-term shareholder-engagement database tracking ESG events and governance criteria across European listed companies; and an impact-measurement methodology developed since 2016 and co-constructed with entrepreneurs for investment decisions and portfolio piloting. The firm holds PRI signatory status (since 2007, highest A+/A ratings for Strategy & Governance and Direct & Active Ownership on listed equities), EuSEF registration, ESUS approval, Finansol label, and SFDR Article 9 certification for its inclusion vehicles. It adopted Entreprise à Mission status in June 2021 and became the first French AMF-licensed asset manager to adopt the SAPO employee-shareholder structure in June 2023. Phitrust serves institutional investors, family offices, foundations, and qualified private investors across France, Benelux, Iberia, Italy, and Southeast Asia (via Phitrust Asia in Ho Chi Minh City), distributing through direct sales and co-investment networks rather than public retail channels, with a lean operating team of ~20 professionals supported by an investment committee and a pan-European venture-partner network.

Name

Phitrust Asia

Legal name

Phitrust SA

Website

https://phitrust.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

1–10 employees

Short description

Phitrust is a Paris-based, AMF-licensed French asset manager (founded 2003) running listed-equity engagement SICAVs and unlisted social-impact funds (€60M Phitrust Partenaires Inclusion closed Feb 2026) for European institutional investors, family offices, foundations, and qualified private investors, with a venture-philanthropy endowment fund.

Ownership category

akta.pro rank

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Management Fees — Listed Asset Funds: Phitrust manages Sicav funds (Phitrust Active Investors France, Phitrust Active Investors Europe, Patrimoine Active Investors) investing in listed European equities. Revenue is generated through management fees charged on assets under management. The Sicav Phitrust Active Investors France aims to outperform the CAC 40 dividend-reinvested index.
2. Management and Performance Fees — Unlisted Social Venture Funds: Phitrust Partenaires manages three unlisted social venture funds (Phitrust Partenaires launched 2006, Phitrust Partenaires Europe 2016, Phitrust Partenaires Inclusion 2023). Revenue derives from management fees on committed capital and carried interest (carried interest of fund managers feeds the endowment fund). Phitrust Partenaires Inclusion achieved a final closing of €60 million with investments already deployed at €10.3 million across 14 investments. The fund is certified under SFDR Article 9.
3. Endowment Fund (Fonds de Dotation): The endowment fund is nourished by entry fee payments from managed funds and carried interest from Phitrust Partenaires managers, plus external donors (individuals, foundations). It operates as a venture philanthropy vehicle supporting associations engaged in inclusion and entrepreneurship insertion for youth, unemployed persons, and migrants in France and Europe. No direct revenue generation — grants and donations.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Phitrust is an AMF-regulated asset management company offering two complementary investment activities: (1) listed asset management through three SICAV funds (Phitrust Active Investors France, Phitrust Active Investors Europe, Patrimoine Active Investors) that use shareholder engagement to improve ESG practices of CAC 40 and Eurozone companies, and (2) unlisted social impact investment through Phitrust Partenaires, Phitrust Partenaires Europe, and Phitrust Partenaires Inclusion (€60M fund), providing €200K–€2M per deal plus governance support to social enterprises focused on inclusion and employment.

Product overview

Phitrust is an asset management company offering two main investment activities: (1) Listed assets management through Phitrust Active Investors France (CAC 40 engagement fund), Phitrust Active Investors Europe (eurozone equity fund), and Patrimoine Active Investors (diversified fund) - all using shareholder engagement to improve ESG practices; and (2) Unlisted social impact investment through Phitrust Partenaires, Phitrust Partenaires Europe, and Phitrust Partenaires Inclusion (€60M fund launched 2023) - venture capital funds financing innovative social enterprises focused on inclusion and employment. The company also operates a philanthropic endowment fund (Fonds de Dotation) supporting associations. Phitrust has been an 'Entreprise à Mission' since 2021 and is the first French AMC to adopt SAPO structure in 2023.

Differentiator

Problem solved

Functional benefit

Brands

• Phitrust Active Investors France: SICAV fund invested in CAC 40 companies with shareholder engagement strategy, focused on ESG practices improvement
• Phitrust Active Investors Europe
• Patrimoine Active Investors
• Phitrust Partenaires Inclusion

Products and services

• Phitrust Active Investors France SICAV fund invested in CAC 40 equities using a shareholder engagement strategy to improve ESG practices of large French listed companies. Targeted at institutional and qualified investors seeking sustainable long-term performance; won the Trophée du Revenu 2024 in the Actions France ISR (3-year performance) category.
• Phitrust Active Investors Europe Eurozone equity engagement SICAV fund using shareholder engagement levers (dialogue, voting, resolutions) to improve the environmental, social, and governance practices of European listed companies. For institutional and qualified investors seeking sustainable European equity exposure.
• Patrimoine Active Investors Patrimonial diversified management fund combining Phitrust's engagement strategy with multi-asset-class portfolio diversification. For institutional and qualified investors seeking diversified exposure with an active ownership overlay.
• Phitrust Partenaires Self-managed investment company dedicated 100% to social entrepreneurship with a strong inclusion focus. Licensed ESUS, EuSEF, Finansol label, and SFDR Article 9. Active across Europe, Asia, and Africa. Created in 2006 with new shares issued in 2022. Provides €200K–€2M per deal plus governance support to social enterprises.
• Phitrust Partenaires Europe European-focused social impact investment fund launched in 2016, expanding Phitrust Partenaires' impact investment platform across Europe with institutional investor backing.
• Phitrust Partenaires Inclusion Third Phitrust Partenaires social impact investment fund, launched in 2023 and certified under SFDR Article 9. Final closing announced in February 2026 at €60M with European institutional investors; had deployed €10.3M across 14 investments as of early 2026. Dedicated to financing European social enterprises addressing inclusion, employment, disability, food, housing, and healthcare challenges.
• Fonds de Dotation Phitrust (Endowment Fund) Venture philanthropy endowment fund supporting associations with an entrepreneurial and inclusive vision. Accelerates scale through multi-year structural support and long-term partnerships focused on inclusion and insertion of youth, unemployed persons, and migrants in France and Europe. Funded by entry fees from managed funds, carried interest from Phitrust Partenaires managers, and external donors.
• Shareholder Engagement Services Active shareholder engagement service offering direct dialogue with company leadership, proxy voting aligned to Phitrust's voting policy, and the filing of resolutions at general meetings of listed companies. Targets listed equity issuers (notably CAC 40 and Eurozone) to drive ESG improvements; over 50 resolutions filed since 2003.

Quantifiable outcome

• ~50 resolutions submitted to general assemblies since 2003
• +7 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

16 partnerships are on record, tiered core and minor.

• AFIN-Social Investment Fund ConsortiumcoreStrategic or Co-development Partner · 1 January 2025Phitrust is a partner in the EU-funded AFIN project (ESF+/EaSI) to establish Romania's first private social investment fund. Partners include ADV Romania (coordinator), Social Finance Association, MicroEurope, FEBEA, AFIN IFN, and RISE Romania. Phitrust shares tested social investment models from across Europe and adapts them to the Romanian context. Project runs through 2027.
• makesenseminorStrategic or Co-development Partner · 1 January 2025Impact investor and ecosystem builder. Joined the investor consortium for United Repair Centre alongside Phitrust Partenaires Inclusion.
• Generous MindsminorImplementation/ SI/ Consulting Partner · 1 January 2025Facilitated the United Repair Centre investment round with Phitrust as a co-investor.
• Principles for Responsible Investment (PRI)coreGTM or Marketing PartnerPhitrust has been a PRI signatory since 2007. Its ESG incorporation policy responds directly to Principle #2 regarding engagement with issuing companies on strategic governance issues. Phitrust received the highest PRI ratings (A+, A) for Strategy & Governance and Direct & Active Ownership on listed equities.
• International Corporate Governance Network (ICGN)coreGTM or Marketing PartnerPhitrust is a member of ICGN and adheres to its global governance principles for investors.
• Association Française de Gestion Financière (AFG)coreGTM or Marketing PartnerPhitrust is a member of AFG and adheres to the AFG FIR Transparency Code for its active listed funds.
• Forum pour l'Investissement Responsable (FIR)coreGTM or Marketing PartnerPhitrust participates in FIR (French Sustainable Finance Forum) and publishes its transparency under the AFG FIR code.
• Shareholders for Change (SFC)minorGTM or Marketing PartnerPhitrust is a member of Shareholders for Change, a European network of shareholder engagement investors.
• Institut de la Finance DurableminorGTM or Marketing PartnerPhitrust is a member of the French Sustainable Finance Institute.
• AdmicalminorGTM or Marketing PartnerPhitrust is a member of Admical, the French association for corporate philanthropy and patronage.
• France InvestminorGTM or Marketing PartnerPhitrust is a member of France Invest, the French private equity and venture capital association.
• Centre Français des Fondations (CFF)minorGTM or Marketing PartnerPhitrust is a member of the French Foundation Center, supporting the endowment fund's philanthropic mission.
• Entreprises à MissionminorGTM or Marketing PartnerPhitrust is a member of the French Mission-Driven Companies community, following its adoption of Entreprise à Mission status in 2021.
• Impact EuropeminorGTM or Marketing PartnerPhitrust participates in Impact Europe, the European impact investing network.
• FAIRminorGTM or Marketing PartnerPhitrust is affiliated with FAIR (Finance, Accounting, Investment for Responsible), a French sustainable finance association.
• Institut de la Finance Durable (IFD)minorGTM or Marketing PartnerPhitrust is a member of the Institut de la Finance Durable.

Scale indicators9 records

Recent moves2 records

Expansion highlights5 records

Direct peers

• Generation Investment Management: Generation IM is a US/London-based impact investment manager founded on sustainability-integrated public equity strategies. Comparable to Phitrust in mission-driven, engagement-led public equity investing.
• Mirova: Mirova is a French dedicated impact investment affiliate of Natixis Investment Managers, managing public-equity and private impact strategies. Directly comparable to Phitrust as a French impact asset manager; notably also an LP in Phitrust Partenaires Inclusion.
• BlueOrchard Finance: BlueOrchard is a Swiss impact investment manager (part of the Schroders group) managing listed credit and private impact strategies. Comparable to Phitrust as a European impact manager combining listed and unlisted impact strategies.
• Triodos Investment Management: Triodos IM is the Dutch impact asset manager offering public and private impact funds across Europe. Comparable to Phitrust as a mission-driven European impact investment manager combining listed ESG strategies with venture/direct impact investments.
• La Financière de l'Échiquier: La Financière de l'Échiquier is a French independent asset manager with a strong SRI/ESG fund range across European equities. Comparable to Phitrust in business model (independent French AMC, ESG-led equity strategies, active ownership).
• Sycomore Asset Management: Sycomore is a French independent SRI/ESG asset manager offering public-equity funds with active ownership. Closely comparable to Phitrust's listed Sicav franchise in geography, size-band, and ESG-integrated active ownership style.
• Ecofi (Crédit Mutuel): Ecofi is the SRI asset management arm of Crédit Mutuel Arkéa, focused on ESG-screened European equity and solidarity funds. Comparable to Phitrust as a French SRI specialist with both listed and solidarity fund offerings.

Broad incumbents

• Ofi Invest (Ofi AM): Ofi Invest is a large French multi-affiliate asset manager (including Ofi AM and Abeille Assurances) with an established SRI/ESG fund range. Comparable to Phitrust's listed-asset SRI/ESG franchise but at much larger scale and product breadth.
• Amundi (ESG franchise): Amundi is Europe's largest asset manager with a sizable ESG and impact fund offering. Comparable as a French-headquartered AMC selling ESG and Article 9 funds to European institutional and retail LPs, but at dramatically larger scale than Phitrust.
• BNP Paribas Asset Management (Impact funds): BNP Paribas AM is a global asset manager with dedicated impact and solidarity strategies (including social-enterprise funds). Comparable to Phitrust's social enterprise / solidarity investing franchise but at much larger scale and distribution reach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/phitrust

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Phitrust Asia