What EPSICAP REIM does

EPSICAP REIM is a Bordeaux-headquartered, AMF-regulated French real estate investment management company founded in 2021 by András Boros (President) and Léonard Hery (Managing Director). It manages two SCPI (Société Civile de Placement Immobilier) funds — Epsicap Nano, which exclusively targets European commercial real estate assets below €10M, and Epsicap Explore, a 2025-launched no-entry-fee fund targeting mid-cap assets above €10M. The company targets French individual investors and wealth management advisors, with a growing institutional investor base, and distributes products through a direct online subscription platform (Vasco Fund), an investment simulator, personalized appointments, and an advisor network. Marketing relies heavily on content-led channels, Trustpilot reviews, and earned media across major French business outlets.

EPSICAP generates revenue from recurring management fees on assets under management plus subscription commissions on Nano (Explore charges none). Combined AUM stood at €254M as of 12/31/2025 across 58 assets, with the investor base exceeding 5,000. The firm holds ISR (Article 8 SFDR) certification on Epsicap Nano since 2022 and reported 8.27% overall performance and a 7.01% distribution rate for Nano in 2025. Geographic deployment of underlying assets spans France, the United Kingdom, Poland, Spain, and Portugal. In December 2024, EPSICAP created the Epsicare endowment fund, mobilizing €150,000 in 2025 to support charitable causes aligned with its CSR positioning. The company remains founder-controlled, with no external private equity or venture backing disclosed.

Name

EPSICAP REIM

Legal name

Epsicap REIM

Website

https://epsicap.com

Company type

Private

Founded year

2021

Operating status

Operating

Ownership category

akta.pro rank

Product category

Real Estate Investment Management

NAICS

Portfolio Management and Investment Advice (52394)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

akta.pro secondary industry

Commercial Real Estate Asset Management (BPAJAMAB)

Keywords

• SCPI management
• Real estate investment funds
• Commercial real estate
• European real estate investment
• Asset management

Headquarters

HQ city

Bordeaux

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. SCPI Share Subscriptions: EPSICAP REIM generates revenue through managing two SCPI (Société Civile de Placement Immobilier) funds - Epsicap Nano and Epsicap Explore. Investors purchase shares in the SCPI and receive rental income proportional to their investments. The company earns management fees from the funds based on assets under management.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

EPSICAP REIM manages two French SCPI (Société Civile de Placement Immobilier) real estate investment funds — Epsicap Nano and Epsicap Explore — that provide individual and institutional investors with access to diversified European commercial real estate portfolios without direct management responsibilities. Investors subscribe to shares and receive potential monthly income distributions, while the company earns management fees based on assets under management.

Product overview

EPSICAP REIM offers two complementary SCPI (Société Civile de Placement Immobilier) products for European real estate investment: SCPI Epsicap Nano (the flagship product targeting small-cap commercial assets under €10M with €225M in portfolio value and 7.01% distribution rate) and SCPI Epsicap Explore (a no-entry-fee midcap product targeting assets above €10M with €29M in portfolio value). Together, they provide investors access to commercial real estate across Europe without direct management responsibilities, with combined assets under management of €254M across 58 properties.

Differentiator

Problem solved

Functional benefit

Brands

• SCPI Epsicap Nano: European small-cap real estate SCPI targeting diversified commercial properties with individual asset values generally below €10 million. Launched 2021. ISR certified (Article 8 SFDR). 2025 overall performance: 8.27%.
• SCPI Epsicap Explore
• Epsicare

Products and services

• SCPI Epsicap Nano European small-cap real estate SCPI exclusively targeting diversified commercial assets with individual values generally below €10 million, offering professional management and monthly potential income distribution to individual and institutional investors. Share price €257 with minimum 4 shares, target IRR 6.5% over 8 years, and 7.01% distribution rate for 2025.
• SCPI Epsicap Explore European mid-cap real estate SCPI with no entry fees, targeting commercial assets valued above €10 million across France, UK, and Poland. Complement to Epsicap Nano. Share price €250 with minimum 4 units, target IRR 7.5% over 8 years, 2026 distribution rate target 7%.

Quantifiable outcome

• Epsicap Nano achieved 8.27% overall performance in 2025
• +3 more outcomes

Named customers3 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

Partnerships

One partnership is on record.

• Epsicare Endowment FundminorOthers · 1 December 2024EPSICAP REIM created the Epsicare endowment fund in December 2024, dedicated to children, youth, and people with disabilities. In 2025, €150,000 were mobilized to support field-based voluntary organisations. Epsicare is fully aligned with the corporate social responsibility values of EPSICAP REIM.

Scale indicators7 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Perial Asset Management: French SCPI manager offering diversified and specialized commercial real estate vehicles (e.g., PFO, PFO2) targeted at individual investors and wealth advisors. Closely comparable to EPSICAP because it sells SCPI products through direct retail and advisor channels, targets European real estate, and competes head-on for the same investor wallet share.
• Corum Asset Management: Independent French SCPI manager best known for Corum Origin and Corum XL, with European and global real estate focus and high distribution rates that drive strong investor demand. Comparable because it pursues a similar independent, performance-focused positioning, sells through retail and advisor channels, and targets European commercial real estate exposure.
• Atland Voisin: Independent French SCPI management company offering SCPIs focused on diversified commercial real estate for retail and advisor clients. Comparable because it is a similarly sized independent SCPI manager competing in the same French distribution channels with a multi-fund commercial real estate strategy.
• NC Participations (Norma Capital): French SCPI management company offering vehicles such as Vendôme Régions and Flex Pierre focused on diversified commercial real estate, with both retail and advisor distribution. Comparable because it competes head-to-head for French retail SCPI subscriptions and operates as an independent manager of similar scale.

Emerging players

• Alderan: French independent real estate asset manager offering SCPIs (e.g., Activimmo) and other vehicles, with a theme-driven approach to commercial real estate. Comparable because it is a smaller independent French SCPI manager with a differentiated thematic positioning, competing for the same retail and wealth advisor investor base.
• Remake AM: Relatively newer French SCPI asset manager positioning around diversified and specialty commercial real estate strategies. Comparable because it is a smaller, independent French manager in the same commercial real estate SCPI space, serving a similar early-stage wealth advisor and retail mix.

Broad incumbents

• PAREF (Paref Gestion): French-listed real estate investment manager running SCPIs (e.g., Interpierre, Novapierre) and institutional mandates through Paref Gestion. Comparable because it issues SCPI vehicles for retail and advisor channels, focuses on European commercial real estate, and competes in the same French regulatory and distribution context.
• La Française Real Estate Managers: Large French and European real estate investment manager offering multiple SCPI vehicles and institutional mandates through the La Française group. Comparable because it issues and distributes SCPI products through the same French retail and wealth advisor channels and competes for the same end-investor mandates.
• Sofidy: One of the largest French asset managers specialized in SCPI, OPCI, and real estate investment, with a broad multi-product lineup including major SCPIs such as Immorente and Efimmo. Comparable because it operates in the same SCPI regulatory regime, serves retail and institutional investors, and represents a large, established competitor in the same French channel.
• Primonial REIM: One of the largest French SCPI and real estate fund managers with tens of billions in AUM across residential, office, retail, healthcare, and hospitality. Comparable because it operates in the same SCPI regulatory framework, serves the same French retail and wealth advisor channels, and competes directly for investor capital in the French SCPI market.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/epsicap-reim

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

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 EPSICAP REIM