CNP Assurances introduces private equity vehicle to take advantage of the performance of unlisted companies with guaranteed liquidity of savings
CNP Assurances ranks among the top 50 global private equity institutional investors. Starting in September 2016, the Group’s high net worth customers will be able to benefit from the longterm performance potential of this asset class and ensure the liquidity of their capital with no conditions or penalties.
To allow high-end customers to benefit from the Group’s expertise in private equity investments, CNP Patrimoine – the CNP Assurances structure dedicated to high net worth customers – is pleased to announce the launch of a new unit-linked private equity vehicle this coming September. This innovation gives CNP Patrimoine customers the dual benefit of taking advantage of the long-term performance of investments in unlisted companies, while guaranteeing the liquidity of a conventional multi-vehicle life insurance policy. The capital will be paid to the customer upon redemption, or to the customer’s beneficiaries upon death. It will be subject to the tax regime for life insurance.
This new private equity vehicle will be marketed as part of CNP Patrimoine’s range of self-managed life and endowment policies (CNP One and the branded products). The unit-linked vehicle will be managed by Ardian, a French private equity specialist that manages or advises $55 billion of assets in Europe, North America and Asia.
"This innovation lets CNP Patrimoine customers benefit from the expertise of CNP Assurances and Ardian, the only two French companies in the PEI ranking of the world’s 50 biggest private equity firms, while guaranteeing the liquidity of their investment. It also gives meaning to their savings by supporting the growth of unlisted companies in the real economy," says Laurent Jumelle, Head of CNP Patrimoine.
