Paris, October 22, 2025 – LBO France, a pioneer in private equity in France and a multi-specialist investment platform, announces the listing of its ‘evergreen’ FCPR fund, LBO France Sélection, by Generali France, one of the leading players in savings and wealth management in France.
This listing in the main life insurance and retirement savings contracts managed by Generali Vie and Generali Retraite represents a strategic milestone for LBO France, as it continues its ambition to make unlisted assets more accessible to private clients. LBO France expands its offering with this first ‘evergreen’ fund, specifically designed for life insurance and retirement savings contracts, complementing the new vintage fund White Caps Sélection 4, already available through securities accounts and Luxembourg life insurance.
Stéphanie Casciola, CEO of LBO France, stated: “The launch of LBO France Sélection marks a decisive new step in our strategy to open up our private equity expertise to private intermediary clients. Following the success of our White Caps Sélection funds with wealth management clients, we are proud to broaden our offering with this fund dedicated to insurance companies and mutuals, specifically designed for life insurance and retirement savings contracts. This initiative perfectly aligns with our mission to make investment opportunities in unlisted companies accessible to a wider audience, while maintaining the high standards of quality that have defined LBO France for over 35 years.
An ‘evergreen’ fund tailored to life insurance and retirement savings plans
LBO France Sélection stands out for its ‘evergreen’ format, a perpetual FCPR fund allowing periodic subscriptions and redemptions under certain conditions. It enables continuous investor entry and offers bi-monthly liquidity after an initial five-year lock-up period, perfectly aligned with the long-term investment horizons of life insurance and retirement savings plans.
The portfolio’s underlying investments will include French and Italian companies with strong local roots that have become recognized leaders in their markets, or even global leaders in niche markets, thanks to the involvement of LBO France’s investment and operational teams in value creation.A recognized expertise acknowledged by Generali France
A recognized expertise acknowledged by Generali France
This listing illustrates the confidence Generali France places in LBO France’s model.
Rémi Cuinat, Head of Unit-Linked Assets at Generali France, stated: “We are delighted to expand our range of unit-linked products dedicated to real assets with the listing of LBO France Sélection. LBO France’s recognized expertise in private equity, combined with a fund structure suited to life insurance constraints with 30% liquid assets, perfectly meets the expectations of savers seeking diversification and long-term performance.”
A digitalized operational investment process via the IZNES solution
Transactions between LBO France and Generali France are facilitated through the use of IZNES, a blockchain-based platform increasingly adopted by life insurers and asset managers in France. This technological choice reflects LBO France’s desire to simplify access to private equity for private clients while relying on modern, robust distribution standards.
Christophe Lepitre, CEO of IZNES, stated: “IZNES is pleased to welcome LBO France, a recognized pioneer of private equity in France, among its new users. This announcement confirms the success of our marketplace and illustrates the relevance of blockchain technology for managing unit-linked assets.”
With the launch of LBO France Sélection, LBO France reaffirms its commitment to offering a comprehensive range of investment solutions tailored to the evolving needs of a wealth management clientele increasingly demanding in this asset class.Risk Warning
Risk Warning
This investment carries risks. Any investor must read, prior to any investment, the Fund’s Regulation and Key Information Document (KID). These documents, detailing all risk and fee information, as well as other periodic reports, are available free of charge upon request from LBO France. Investments in unit-linked products carry a risk of capital loss, as their value fluctuates upward or downward depending on market conditions. The insurer guarantees the number of units but not their value, which it does not guarantee. Past performance is not indicative of future results. This non-contractual material does not constitute a recommendation, solicitation, or offer to buy, sell, or arbitrate, and should not be interpreted as such.
About LBO France
A pioneer in French private equity, LBO France is now a leading multi-specialist and multi-country investment platform. Active in Private Equity, Real Estate, Venture, and Listed Markets, the firm has expanded its activities in Europe, notably in Italy through its subsidiary Polis SGR, and in Africa via its subsidiary CGF Bourse. 100% owned by its management, LBO France is a founding member of the International Climate Initiative and one of the first signatories of France Invest’s Gender Parity Charter.
More information: www.lbofrance.com
Press Contacts
Nizar Berrada – nizar.berrada@taddeo.fr – +33 (0)6.38.31.90.50
Julia Paget – julia.paget@taddeo.fr – +33 (0)6.38.55.68.78
About Generali France
Generali France is one of the leading insurers and asset managers in France with a turnover of €19.2 billion in 2024, serving 8 million individual, professional, and corporate clients with a full range of insurance (health, protection, assistance, property and liability), wealth savings, and asset management solutions. Established in France since 1832, Generali France relies on the expertise of its 9,300 employees, general agents, and network of brokers and intermediaries. Its vision: to be the partner of its clients and distributors throughout their lives. As a committed company, Generali France places sustainability at the heart of its strategy, aiming to be a responsible insurer, investor, distributor, employer, and citizen, notably through its foundation The Human Safety Net.
About IZNES
IZNES is a marketplace directly connecting institutional investors and asset management companies. It enables institutional investors to subscribe and redeem fund units directly in the fund’s register via blockchain technology, ensuring ownership, security, and traceability of transactions and data. IZNES establishes a direct, disintermediated exchange channel between institutional investors and management companies. IZNES is a regulated investment firm authorized by the ACPR and supervised by the AMF, with passported services in Luxembourg, Ireland, Germany, Austria, and Belgium.
More information on www.iznes.io/.
