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150-0 B ter

Reinvest your share contribution 150-0 B ter

Access funds eligible for the 150-0 B ter scheme, with experienced managers and unmatched transparency through our platform.

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Challenges

150-0 B ter, a demanding scheme

Reinvesting a share contribution is not straightforward. The scheme's constraints create real difficulties for sellers.

  • Tight reinvestment deadline Two years to reinvest 60% of the sale proceeds in eligible assets. A constrained timeline that pushes towards hasty decisions.
  • Finding the right opportunities Identifying eligible, high-performing and transparent funds in a fragmented market. Most offerings lack clarity on strategy and fees.
  • Complex tax framework Strict eligibility criteria, frequent legislative changes and risk of deferral being challenged. A tax trap without proper guidance.
  • Opaque post-investment monitoring Most 150-0 B ter funds offer limited visibility after investment. No interactive reporting, no access to managers.
Why Caption

Off-the-shelf funds, in full transparency

Caption is a dual-licensed group: Investment Services Provider (ISP) for distribution, and Portfolio Management Company (PMC) via its subsidiary Clint Capital, AMF-approved, for fund design and management.

Proven track record

The Clint Capital team has 15 years of venture capital experience (formerly Axeleo Capital and Vinci Corporate Fund) with over 45 completed operations.

No black box

You interact directly with the managers and financed entrepreneurs. Interactive dashboard, regular reporting and full visibility on your investments.

Selectivity and exit strategy

Fewer than 2% of applications retained. Targeted exits between 80 and 150 million euros -- representing 88% of M&A transactions in Europe -- to maximise exit chances.

Entrepreneur-driven funds

Managers who have been entrepreneurs themselves. Their network of investors and executives directly benefits portfolio companies.

Diversified portfolio

Robotics, agriculture, healthcare, logistics, sport: the funds target niche startups led by exceptional founders.

150-0 B ter eligibility

Funds structured for share contribution reinvestment. Complementary strategies, scheme compliance, dedicated support.

Our Asset Management Company's funds
Clint Capital

Our Asset Management Company's funds

150-0 B ter eligible funds are designed and managed by Clint Capital, our approved Asset Management Company specialising in venture capital.

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Selection

Our selection criteria

The Clint Capital team analyses nearly 2,000 companies per year to invest only in the 25 to 30 most promising.

Exceptional founders

Ambition, honesty, humility and competence. Founders make the quality of startups. Our managers evaluate them with the same rigour as their metrics.

Standout model

Each startup analysed must present a business model, go-to-market strategy or product that truly stands out from the market.

Primary and secondary strategy

A combination of seed investments (growth potential) and secondary investments (mature startups, reduced risk) to optimise the risk-return balance.

Pragmatic exit

The exit strategy is planned from entry. Targeted exits between 80 and 150 million euros, representing 88% of transactions in Europe. A realistic approach.

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Platform

An optimal investor experience

Manage your investments from your secure dashboard, with full visibility at every stage.

  • Digital subscription Online KYC, electronic signature and wire transfer. Everything is done in just a few minutes.
  • Subscription tracking Commitments, capital calls and payments in real time.
  • Portfolio tracking Performance by fund, valuation and distribution history.
  • Detailed reporting Management reports and monitoring of each portfolio holding.

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Reinvest your share contribution

Speak with our managers to identify the fund suited to your situation.

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FAQ

Frequently Asked Questions

The 150-0 B ter allows deferral of capital gains tax when contributing shares to a holding company, provided that 60% of the sale proceeds are reinvested in eligible activities within two years.

Yes. Funds managed by Clint Capital are structured to be eligible for the 150-0 B ter scheme. They invest in operational companies meeting the eligibility criteria defined by law.

The FPCI Blueberry is accessible from 30,000 euros for any investor who has already invested their own funds in an unlisted company, or from 100,000 euros for others. The amount may vary depending on the selected investment vehicle.

Funds have a lifespan of 7 to 10 years, in line with private equity requirements. Tax deferral is maintained as long as the holding company shares are retained.

Our platform gives you access to an interactive dashboard with real-time reporting. You can track the performance of each holding, access manager reports and contact your dedicated point of contact directly.

Yes. Investing in unlisted private equity funds carries a risk of partial or total loss of capital. Past performance does not guarantee future results. Each regulatory document details the specific risks.

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Caption Services

Are you a professional?

Do you advise clients on reinvesting their share contributions? Caption Services provides you with a complete platform: technology, regulatory compliance and liability management.

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