Article 137 of the Law for Growth, Activity and Equal Economic Opportunities: private equity becomes eligible in unit-linked life insurance contracts.
Life insurance - the first private equity vehicle is set up by AXA France and NextStageAM
In the presence of Mr. Emmanuel Macron, Minister of Economy, Industry and Digital, AXA France and NextStageAM launch NextStage Croissance, the 1st unit of account (UC) in private equity within the framework of a life insurance contract. Managed by NextStageAM and intended for high net worth clients of AXA France, this new private equity vehicle makes it possible to benefit from the provisions of article 137 of the Law for growth, activity and equal economic opportunities of August 2015.
"Faced with an environment permanently impacted by a low interest rate environment, which affects in particular the yield on contracts in euro funds, private equity, which is an integral part of the strategy of savers in other countries, is a well suited solution for the needs of our discerning customers. The latter have long expressed the desire to gain access to this long-term asset class through units of account and within their existing life insurance contract ” Olivier Mariée, Director of savings and wealth management activities at AXA France.
Article 137 of the Law for Growth, Activity and Equal Economic Opportunities of August 2015.
This article targets the main vehicle for long-term savings in France, life insurance. It allows investment in private equity, while remaining within the envelope of life insurance or capitalization. To meet the need for liquidity, subscribers can benefit from the securities discount in the event of a redemption or death request (article 137 of the Law for Growth, Activity and Equal Economic Opportunities of August 2015) .
NextStage Croissance is available under the contracts of AXA Gestion Privée (Amadéo, Amadéo Excellence, Patrimoine Asset Management and Patrimoine Asset Management Excellence) and AXA THEMA (Coralis Sélection). AXA France now offers its clients the opportunity to combine the flexibility of life insurance and the search for long-term performance (not guaranteed) for growth SMEs and mid-cap companies.
“It is an essential step for the orientation of the long-term savings of the French in the real economy, SMEs and growth mid-caps. Talented entrepreneurs need more patience than ever before, to become champions of their markets, to succeed in their innovation integration process, their international development and their external growth operations. It is key to support Medium-Sized Enterprises, the “French Mittelstand”, which represent the most effective vector for creating jobs, growth and competitiveness, as illustrated by the central role of Mittelstand companies in Germany's economic success ” emphasizes Grégoire Sentilhes, President of NextStageAM.