Zenith Asset Management

What Zenith Asset Management does

Zenith Asset Management is a French asset management company (SAS) founded in 2013 and headquartered in Paris, operating as a portfolio management company approved by the Autorité des Marchés Financiers under GP 11000028 and registered with ORIAS as insurance broker (25004180). It is 100% owned by Crystal, a diversified financial services group, and serves two end-customers: independent wealth management advisors (CGP - Conseillers en Gestion de Patrimoine) who need turnkey investment solutions for their clients, and institutional investors requiring discretionary portfolio management with reporting.

The firm runs three product lines through a multi-gestion platform. The first is OPCVM — eleven collective funds including equity (SMID Cap Europe via Independance AM, Wise5 PEA, Zenith World), balanced allocation (Allocation Patrimoniale via DNCA, Allocation Valeur via Varenne, Allocation Valor via R-Co, Garwin Flex, Zenith Equilibre Monde), and patrimonial funds (Capital Long Terme, Jump Evolution, Zenith Patrimoine). The second is Solutions Dédiées — discretionary mandate management on a 360° basis, including US-Person-eligible mandates, structured to work in partnership with the client's existing advisor. The third is Solutions Immobilières, anchored by the WiseIMMO range of professional OPPCI vehicles targeting French regional office and retail assets, available as pooled products or dedicated Club Deals. Operational infrastructure includes Société Générale as depositary for WiseIMMO, BNP Paribas Real Estate Valuation for property expertise, Deloitte as statutory auditor, and a multi-custodian setup for mandates (BNP Paribas Securities Services, CIC Securities, UBS, Crédit Agricole Luxembourg, US Bank, QUINTET).

Commercially, Zenith AM generates recurring management-fee revenue across the three product lines through a sales-led, relationship-driven go-to-market focused on the French CGP channel. As of January 20, 2026, the firm reports over €1 billion in assets under management, €300 million of year-to-date 2025 subscriptions, more than 500 mandates, and an 18-person team. The value proposition is built around integrated risk oversight (a dedicated Risk Director and persistent control tools), curation of best-in-class partner managers (multi-gestion), and a partnership-style mandate model that preserves the existing advisor relationship rather than disintermediating it.

Name

Zenith Asset Management

Legal name

Zenith Asset Management

Website

https://zenith-am.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Zenith Asset Management is a Paris-based, AMF-licensed French asset manager owned by Crystal, serving independent wealth advisors and institutional investors through OPCVM funds, discretionary mandates, and WiseIMMO OPPCI real estate products. The firm manages over €1 billion AUM via an 18-person multi-gestion team.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investment Advice (6282)

akta.pro primary industry

Financial Planning & Goals-Based Advice (Mass Affluent) (FSAAAAAF)

Keywords

• Asset management
• Portfolio management
• OPCVM funds
• Wealth management
• Real estate investment

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. OPCVM Management Fees: Management fees from a range of UCITS funds including equity funds (SMID Cap Europe, World), balanced funds, and diversified funds. Fund names include Actions SMID Cap Europe by Independance AM, Allocation Patrimoniale by DNCA, Allocation Valeur by Varenne, Allocation Valor by R-Co, Capital Long Terme, Garwin Flex, Jump Evolution, Wise5 PEA, Zenith Equilibre Monde, Zenith Patrimoine, Zenith World.
2. Dedicated Solutions (Mandats): Delegated portfolio management services where Zenith AM works in partnership with the client's usual wealth management advisor to provide customized investment policies, portfolio construction, and reporting
3. Real Estate Solutions (WiseIMMO): Professional OPPCI products offering exposure to unlisted real estate portfolios with tax exemptions, targeting professional investors or those investing at least €100K, with a 10-year target holding period

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Zenith AM is an AMF-licensed French portfolio management company offering three lines of investment solutions for wealth management advisors (CGP) and institutional investors: (1) a range of OPCVM/UCITS collective funds (equity, balanced, multi-asset) distributed in white-label form with partner managers; (2) dedicated discretionary management mandates (including US Person mandates) delivered in partnership with the client's own wealth advisor; and (3) non-listed professional OPPCI real estate products (WiseIMMO range) and dedicated Club Deals targeting French regional office and retail assets. The firm manages over €1 billion across 500+ mandates with 18 staff, structured around a multi-gestion fund selection model and an integrated Direction des Risques.

Product overview

Zenith Asset Management is a portfolio management company ( société de gestion de portefeuilles) owned by Crystal, offering three core product lines: (1) OPCVM — a range of 11 collective investment funds including equity, balanced allocation, and multi-asset strategies managed both internally and via white-label partnerships (with Independance AM, DNCA, Varenne, R-Co); (2) Mandats / Solutions Dédiées — discretionary management mandates offering a 360° investment approach with a partnership model alongside the client's usual advisor, including US Person mandates; and (3) Solutions Immobilières / Gamme WiseIMMO — non-listed professional OPPCI real estate products focused on French regional office and retail assets, available as pooled vehicles or dedicated Club Deals. The company manages over €1 billion in assets under management across more than 500 mandates.

Differentiator

Problem solved

Functional benefit

Brands

• WiseIMMO: A range of professional OPCI (OPCI professionnels) products providing access to non-listed real estate portfolios, targeting office and commercial properties in dynamic regional French markets.
• Zenith Equilibre Monde
• Zenith Patrimoine
• Zenith World
• Capital Long Terme
• Jump Evolution
• Garwin Flex
• Wise5 PEA
• Actions SMID Cap Europe by Independance AM
• Allocation Patrimoniale by DNCA
• Allocation Valeur by Varenne
• Allocation Valor by R-Co

Products and services

• OPCVM Range (UCITS Collective Investment Funds) A range of UCITS/OPCVM collective investment funds spanning equity (SMID Cap Europe, World, Wise5 PEA), balanced allocation (Zenith Equilibre Monde, Zenith Patrimoine), and multi-asset strategies. Funds are co-developed with best-in-class partner managers under Zenith AM's multi-gestion model, distributed to wealth management advisors (CGP) and institutional investors. The range includes 11 distinct funds with their own ISINs and SFDR classifications (e.g., Zenith World — FR0013436664 — Article 10).
• Mandats / Solutions Dédiées (Discretionary Portfolio Management) Discretionary portfolio management mandates delivered in partnership with the client's own wealth advisor (CGP). The service covers investment policy definition, portfolio construction, and ongoing reporting under a 360° approach. Includes specialized US Person mandates. Mandate services are supported by multi-custodian infrastructure (CIC Securities, BNP Paribas Security Services, UBS, Credit Agricole Luxembourg, US Bank, QUINTET). Over 500 mandates managed across CGP and institutional clients.
• Gamme WiseIMMO (Professional OPPCI Real Estate Products) Non-listed professional OPPCI real estate products investing in French regional office and commercial portfolios (€50M target portfolio size). Provides exposure to unlisted real estate with a favorable tax framework (exempt from corporate tax). Reserved for professional investors or non-professional investors committing at least €100,000, with a 10-year target holding period. Active asset management to maintain attractiveness over time. Société Générale (SGSS) acts as depositary, Deloitte as statutory auditor, BNP Paribas Real Estate Valuation as expert immobilier. Available via Luxembourg insurance contracts.
• Solutions Immobilières — Dedicated Real Estate Club Deals Dedicated Club Deal real estate solutions offered alongside the pooled WiseIMMO OPPCI range for CGP (wealth management advisors) and their clients. Provides bespoke non-listed real estate exposure tailored to specific client situations, complementing the standardized WiseIMMO vehicles.

Quantifiable outcome

• €1 billion+ assets under management
• +2 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

14 partnerships are on record, tiered core and minor.

• Independance AMcoreStrategic or Co-development PartnerCo-manages the Actions SMID Cap Europe fund as part of Zenith AM's multi-gestion approach.
• DNCAcoreStrategic or Co-development PartnerCo-manages the Allocation Patrimoniale fund as part of Zenith AM's multi-gestion fund selection.
• VarennecoreStrategic or Co-development PartnerCo-manages the Allocation Valeur fund as part of Zenith AM's multi-gestion fund selection.
• R-CocoreStrategic or Co-development PartnerCo-manages the Allocation Valor fund as part of Zenith AM's multi-gestion fund selection.
• UN PRI (Principles for Responsible Investment)minorStrategic or Co-development PartnerZenith AM is a signatory to the UN Principles for Responsible Investment, demonstrating commitment to responsible investment practices alongside 5,000 organizations worldwide.
• Société Générale (SGSS)coreOthersServes as depositary bank for WiseIMMO OPPCI products, providing custody and oversight services.
• DeloitteminorOthersServes as statutory auditor (CAC) for WiseIMMO OPPCI products.
• BNP Paribas Real Estate ValuationminorOthersProvides real estate valuation expertise for WiseIMMO OPPCI products.
• CIC SecuritiesminorOthersCustodian bank for mandate services.
• BNP Paribas Security ServicesminorOthersCustodian bank for mandate services.
• UBSminorOthersCustodian bank for mandate services.
• Credit Agricole LuxembourgminorOthersCustodian bank for mandate services.
• US BankminorOthersCustodian bank for mandate services.
• QUINTETminorOthersCustodian bank for mandate services.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Mandarine Gestion: Independent French asset manager serving wealth advisors and institutional clients with a multi-strategy fund range; directly comparable in size, channel mix (CGP distribution), and boutique positioning to Zenith AM.
• Eiffel Investment Group: Paris-based independent asset manager focused on real assets, private debt, and listed strategies — comparable in boutique scale, French footprint, and presence in non-listed real estate and credit funds.
• OFI Asset Management: Major French independent asset manager distributing through wealth advisors and institutional channels with diversified fund offerings; overlaps with Zenith AM's multi-gestion, mandate, and real estate product set.
• Federal Finance Gestion: French asset management subsidiary of Crédit Mutuel Arkéa distributing OPCVM and mandates through banking and wealth advisor networks; structurally similar to Zenith AM in CGP/bank-led distribution of multi-asset funds.

Broad incumbents

• Lazard Frères Gestion: Established French asset management arm of Lazard offering multi-asset funds and discretionary management to advisors and institutions; broader portfolio and scale but directly overlapping in product categories.
• Tikehau Capital: Listed French alternative asset manager with credit, real estate, private equity, and capital markets strategies; broader scale than Zenith AM but overlapping in non-listed real estate and discretionary management offerings.
• Rothschild & Co Asset Management (R-co): Large French asset manager offering diversified OPCVM and mandates through advisor and institutional channels; already a partner of Zenith AM via Allocation Valor — overlapping client base and product set.
• DNCA Investments: Recognized French asset manager offering patrimonial and conviction-driven funds distributed via CGPs; also a partner of Zenith AM via Allocation Patrimoniale, sharing the same target advisor channel.

Emerging players

• Independance AM: French boutique equity manager co-managing Actions SMID Cap Europe with Zenith AM; comparable boutique profile and SMID-cap European equity focus served through the same CGP channel.
• Varenne Capital Partners: Paris-based value-oriented asset manager offering OPCVM distributed through French wealth advisors; comparable boutique scale and a current partner of Zenith AM on the Allocation Valeur fund.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/zenith-am

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 Zenith Asset Management