Financial Investment · 04
Capital Markets
Diversified portfolios of listed equities, bonds and money-market instruments.
Top-tier custodian banks
Custody
Set by the committee
Risk limits
Monthly
Reporting
Euro-denominated indices
Benchmark
Overview
About Capital Markets.
Our capital-markets activity manages diversified portfolios of listed European equities, investment-grade bonds and money-market instruments.
Assets are held with top-tier custodian banks and managed within strict risk limits.
- Listed European equities
- Investment-grade bonds
- Money-market funds
- Custody with top-tier banks
Financial Overview
Activity and allocation.
Portfolio value (€m)
Financial Investment allocation (%)
- Private equity 35%
- Private credit 25%
- Listed markets 20%
- Treasury 12%
- Special situations 8%
Year-on-year growth (€m)
Indicative figures for illustration purposes. Past performance is not indicative of future results.
Legal & Regulatory Framework
Governed by clear rules.
Code monétaire et financier
Investment activities are conducted in accordance with the French Monetary and Financial Code.
MiFID II & AIFMD
Where applicable, transactions with regulated counterparties follow European markets and fund-manager directives.
Shareholders' agreements
Every participation is governed by a pacte d'associés covering governance, transfer and exit rights.
AML / CFT & sanctions
Systematic KYC, beneficial-owner identification and EU / OFAC sanctions screening.
Risk Management
Risks identified and controlled.
| Risk | Mitigation |
|---|---|
| Credit risk | Senior security, covenants and collateral on every lending position. |
| Liquidity risk | Group liquidity buffer maintained with top-tier custodian banks. |
| Concentration risk | Single-position limits set by the investment committee. |
| Valuation risk | Independent quarterly valuation of unlisted assets. |
Legal Notice
This page is provided for information purposes only and does not constitute an offer, solicitation or recommendation to buy or sell any financial instrument or to enter into any transaction. Any engagement is subject to contractual documentation, satisfactory completion of KYC / AML procedures in accordance with articles L.561-1 et seq. of the French Code monétaire et financier, and the approval of the relevant banking institutions. Holding JMB SARL — RCS Paris 528 403 074.