Fundcraft, a company specializing in digital infrastructure for investment fund management with origins in Girona and Luxembourg, has obtained the necessary authorization to operate in France. The approval from the Autorité des Marchés Financiers (AMF) allows Fundcraft France to act as a portfolio management company, handling alternative investment funds. This move effectively enables it to serve French asset managers, formalizing its arrival in Paris, which was announced earlier this year.
The company views this authorization as a key milestone in its European expansion beyond Luxembourg. France had previously been identified as a strategic market due to its regulatory complexity, the growth of new investment formats, and the increasing influence of retail and wealth investors in private markets.
Fundcraft has already indicated that several French fund launches are underway with asset managers who have chosen its model. The expansion into France has been accompanied by a strengthening of the local team, with the appointment of Thomas Ibanez as head of the French market, and the addition of Rodolphe Letovsky as head of portfolio management and Maxime Boulon as head of risk management. All bring expertise in management, analysis, risk, and process automation.
The French market is significant for Fundcraft as it embodies key transformations in European alternative funds, such as the growth of ELTIFs (European long-term investment funds) and the rise of evergreen and semi-liquid structures. These new structures facilitate capital flow into infrastructure, unlisted companies, and long-term projects, while also enabling cross-border distribution to retail and wealth management investors.
Thomas Ibanez highlighted the AMF authorization as an "important step" for the company, noting the detected interest from asset managers, platforms, and institutional players seeking more scalable ways to operate private market strategies. He also emphasized the rapid evolution of distribution, regulation, and investor expectations in France.
Meanwhile, co-founder and CEO Julien De Mayer places France within a broader context of cross-border deployment for its digital operational model, developed over the past five years in Luxembourg. He argues that the "democratization of private markets" requires advanced digital infrastructure, and the French authorization will allow serving the country's asset managers and platforms with the same approach.
Co-founder and Chief Product Officer Olga Porro stressed that France embodies the "operational complexity" for which Fundcraft's platform was designed, featuring a market with more investors, distribution channels, and increased demands for control and accounting.
This regulated entry into France complements Fundcraft's existing base in Luxembourg, where it is authorized as a central administrator and alternative investment fund manager. The company supports over €16 billion in fund commitments. The firm, headquartered at the Girona Hub, employs approximately 150 people across Europe and has secured funding from Riverside Acceleration Capital to drive its expansion and product development, including artificial intelligence.
This new phase also coincides with internal leadership changes, such as the departure of Víctor Martin, one of the founders, earlier this year, which was framed as a planned leadership transition.
