Qu'est-ce que le private equity ?

Le private equity consiste à investir dans le capital d'entreprises non cotées, via des holdings dédiées. Sur Caption, il s'agit principalement de PME françaises aux fondamentaux solides, sélectionnées pour leur solidité financière et leur potentiel de croissance.

Quelle est la différence entre dette privée et private equity ?

La dette privée (obligations) offre un rendement fixe avec une échéance définie et des sûretés. Le private equity (actions) offre une participation au capital avec un potentiel de plus-value à la sortie. Caption propose les deux selon les opérations.

Quel est le ticket minimum pour investir dans une PME ?

Le ticket d'entrée est de 10 000 € pour les opérations de private equity et de dette privée dans les PME. La durée d'investissement est de 18 à 48 mois selon les opérations.

Comment Caption protège-t-il les investisseurs ?

Chaque opération intègre des mécanismes de protection : sûretés sur les actifs (nantissements, gages), structuration juridique via des holdings dédiées, suivi permanent de la performance et reporting régulier.

Quels types d'entreprises sont financées ?

Caption finance trois catégories : les investissements stratégiques (équipements, stocks, développement), les franchises et réseaux (enseignes éprouvées) et les rachats d'entreprises (LBO, MBI, MBO). Toutes présentent des fondamentaux solides et un potentiel de croissance identifié.

Y a-t-il un risque de perte en capital ?

Oui. L'investissement dans des actifs non cotés comporte un risque de perte partielle ou totale du capital. Chaque note d'investissement détaille les risques spécifiques à l'opération, les sûretés mises en place et la capacité de remboursement de l'entreprise.

Proposez-vous aussi des startups ?

Oui, c'est même l'activité historique de Caption. Cependant, notre approche a largement évolué au fil des années. En deal by deal, nous sélectionnons désormais uniquement des sociétés aux fondamentaux solides. Pour le early stage, l'investissement passe essentiellement par nos fonds de venture capital gérés par Clint Capital, notre SGP agréée AMF.

Invest in private equity & private debt

Why Caption

The real economy, finally accessible

Access the real economy

Attractive opportunities in unlisted SMEs are often reserved for institutional investors. With Caption, access companies with solid foundations, selected for their concrete growth plans.

Diversify your portfolio

Combine private debt (regular cash flows, measured yield) and private equity (long-term value creation) for a more robust portfolio, resilient through economic cycles.

Simplified management

Caption handles the creation of holding companies, cash flow management and reporting. From first click to exit, a smooth and compliant investment experience.

Our thesis

Carefully selected companies

We only finance companies rigorously selected by our investment committee.

Proven foundations

Each company rests on proven fundamentals. We analyse accounts over multiple years to assess financial strength and sustainable cash generation capacity.

Clear governance

Identified management teams, documented decision processes, and alignment of interests between managers and investors.

Repayment capacity

The financial structure of each deal is calibrated to service the debt and protect investor members' capital.

Process

A rigorous selection, ongoing monitoring

We source, analyse and structure every investment opportunity before making it accessible in just a few clicks.

Proprietary sourcing

Our analysts actively identify SMEs with specific financing needs. We also receive direct requests from entrepreneurs looking to finance their growth.

Due diligence

Each file undergoes thorough analysis: financial statements, profitability, management strength, market potential. We also assess debt sustainability and valuation prospects.

Structuring & investment

Design of the appropriate financial instrument (bonds, equity). Opportunities validated by our committee are published online. You invest through the legal vehicles we structure for you.

Monitoring & management

Caption ensures rigorous monitoring: regular reports on company performance, administrative management and communication of financial flows (interest, repayments, dividends or capital gains).

Exit

Debt repayment, share sale, industrial buyout or succession: Caption works to optimise the exit of your investments while respecting market conditions.

Instruments

Three types of instruments

Convertible bonds

A regular coupon with an option to convert into equity. Combines the security of debt with the upside potential of shares.

Plain bonds

A fixed or variable rate, a defined maturity, negotiated collateral. The preferred instrument for profiles seeking visibility on cash flows.

Equity

Capital participation through a dedicated holding company. Access to long-term value creation, with full alignment with management.

Deal types

Targeted deals

Three categories of structured investments around SMEs with strong fundamentals.

Strategic investments

Financing equipment, inventory or development projects for growing SMEs. Concrete investments in the French productive sector.

Franchises and networks

Supporting franchisees with proven brands in catering, fitness or services. Replicated business models validated by the market.

Company buyouts

LBO, MBI and MBO transactions on companies with strong fundamentals. Business succession, management buyout or acquisition by an external buyer.

Experience

From subscription to monitoring

A seamless journey, from discovering the deal to managing your investment.

Investment memo

Access our memo presenting the company, financial terms, risks and collateral.

Call with your manager

A dedicated call can be arranged with your private manager to answer all your questions before subscribing.

Digital subscription

Sign electronically, make your wire transfer. Everything is done online, in just a few minutes.

Reporting & monitoring

Access your private portfolio, receive regular reports and stay informed of the progress of each deal.

Track record

Contexte Pionnier dans la démocratisation de l’investissement dans les droits musicaux en France, Bolero a su s&rs...

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FAQ

Frequently asked questions

Private equity involves investing in the capital of unlisted companies, directly or through dedicated holding companies. On Caption, these are primarily French SMEs with serious fundamentals, selected for their financial strength and/or growth potential.

Private debt (bonds) offers a fixed yield with a defined maturity and collateral. Private equity (shares) offers a capital stake, directly or through a dedicated holding, with potential upside at exit. Caption offers both depending on the deal.

The entry ticket is EUR 10,000 for private equity and private debt deals in SMEs. Investment duration is 18 to 48 months depending on the deal.

Each deal includes protection mechanisms: asset collateral (pledges, liens), legal structuring through dedicated holdings, ongoing performance monitoring and regular reporting.

Caption finances three categories: strategic investments (equipment, inventory, development), franchises and networks (proven brands) and company buyouts (LBO, MBI, MBO). All present strong fundamentals and identified growth potential.

Yes. Investing in unlisted assets carries a risk of partial or total capital loss. Each investment memo details the specific risks of the deal, the collateral in place and the company's repayment capacity.

Yes, it is actually Caption's historical activity. However, our approach has evolved significantly over the years. For deal-by-deal, we now only select companies with solid fundamentals. For early stage, investment is mainly through our venture capital funds managed by Clint Capital, our AMF-licensed AMC. Learn more.

Invest in Private Equity & private debt in SMEs