Access conditions
Access to this section of our website provides information about France Développement, a professional fund authorized and reserved for marketing to professional or experienced investors in France. We invite you to ensure that you qualify as a professional or informed investor by referring to Article L 533-16 of the Monetary and Financial Code or Article 423-2 of the AMF's General Regulations.
If you are a non-professional investor, please leave this page.
La souscription, l'acquisition ou la détention de parts par une US Person étant interdite, les informations figurant sur ce site ne s'adressent pas aux ressortissants et citoyens des Etats-Unis d'Amérique ou aux US Persons, telle que cette expression est définie par la Regulation S de la Securities and Exchange Commission en vertu de l'U.S. Securities Act de 1933, qui vise notamment toute personne physique résidant aux Etats-Unis d'Amérique et toute entité ou société organisée ou enregistrée en vertu de la réglementation américaine.
The information contained in this section of our website is provided for informational purposes only and does not constitute a solicitation, marketing, personalized recommendation, or investment advice.
LBO France Gestion cannot be held liable as a result of consulting this information. You are solely responsible for correctly indicating your investor category before accessing the information on our website. By accepting the terms and conditions of use of our website, you acknowledge that you have read this warning.
Past performance is not indicative of future performance and should not be the main factor in your investment decision.
It should be noted that investing in units or shares of mutual funds involves risks.
The value of investments may rise or fall depending on market developments, and investors may not recover the amounts invested, as the value of units and shares depends on the value of the financial instruments held in the portfolio. The tax treatment of investments in units or shares of mutual funds depends on the individual situation of each investor and is subject to change. Anyone interested in investing in one of the UCIs presented on this website is invited to seek independent advice to verify the suitability of the product or service in question with their objectives.
An active and constructive long-term shareholder role
Our investment criteria
Small and Mid Cap Equities France
Market capitalization generally between €50m and €10bn
20 to 30 portfolio companies
Companies selected according to a Private Equity approach
ESG integration
An ESG approach inherited from Private Equity
Being a stable shareholder of a company requires conducting an in-depth study prior to the investment in line with the analysis framework developed for unlisted assets. The governance analysis makes it possible to select only those companies that meet the conditions for the establishment of a constructive dialogue. Making a long-term commitment also requires us to verify that the activity is sustainable in the medium term from a social and environmental point of view.
Detailed performance
| ISIN Code | Currency | Last NAV Date | Last NAV | YTD | 1 year | Creation | Annualized |
|---|---|---|---|---|---|---|---|
| FR0014001020 | EUR | 04/12/2025 | 130,35 € | 15.7% | 20.5% | 30.3% | 5.9% |
| FR0014001038 | EUR | 04/12/2025 | 128,48 € | 15.3% | 20.1% | 28.5% | 5.5% |
| FR0014001012 | EUR | 04/12/2025 | 118,73 € | 14.3% | 18.9% | 18.7% | 3.9% |
Features
AIF of FPVG type reserved for professional investors
CACEIS BANK
French Equities
CACEIS Fund Administration
09/04/2021
3
Daily
No
Weekly
No
EUR
Article 8
5 years
Fees
| Shares | Valboa Développement (l1) | Valboa Développement (l2) | Valboa Développement (R) |
|---|---|---|---|
| ISIN | FR0014001020 | FR0014001038 | FR0014001012 |
| Bloomberg | FRFDFD FP | FRFDFI FP | FRDEVRE FP |
| Income allocation | Capitalization | Capitalization | Capitalization |
| Subscription fees | 4% incl. VAT max, not accrued to the fund | 4% incl. VAT max, not accrued to the fund | 4% incl. VAT max, not accrued to the fund |
| Redemption fees | 5% incl. VAT during the first three years after subscription, accrued to the fund | 5% incl. VAT during the first three years after subscription, accrued to the fund | 5% incl. VAT during the first three years after subscription, accrued to the fund |
| Management fees | 1,3% incl. VAT max | 1,6% incl. VAT max | 2,6% incl. VAT max |
| Performance fee | 15% incl. VAT of the outperformance beyond the 7% threshold | 15% incl. VAT of the outperformance beyond the 7% threshold | 15% incl. VAT of the outperformance beyond the 7% threshold |