VEGA Investment Solutions Multi Private Assets

The philosophy

A one-stop shop to access a broad range of private assets strategies with an adaptive multi private assets allocation alongside an independent private funds selection.

Business cycle is at the heart of VEGA Investment Solutions’ allocation philosophy in order to capture liquidity premiums and diversification benefits. There is a sensitivity of private assets to the business cycle.

Illiquidity provides a premium, and depends on the entry point, at which phase of the business cycle we are and hence, of the vintage year.

Depending on the team’s macro-economic perspective, VEGA IS generates views on the different private asset classes and their sub-strategies. They are analysed and debated through quarterly private asset investment committees (Tacteams) that determine private asset allocation convictions.

These convictions are then implemented in the portfolio by selecting per private asset classes the best funds and considering the vehicle’s risk/return profile, ESG dimension, and the liquidity requirement (evergreen).

Our investment process

1

Macroeconomic perspective

2

Private assets allocation

3

Portfolio construction

4

Screening and funds selection

5

Due diligence and ESG analysis

6

Investments and portfolio monitoring

Reasons to consider

Adaptive multi private assets allocation: a fund of funds strategy investing in private equity, private debt, infrastructure, and real estate. Allows clients to navigate across private asset classes over time depending on VEGA IS experts’ views on the evolution of the economic cycle and the behavior of private asset classes
Independent private funds selection: investing in the best private assets funds within the Natixis IM group and also externally with an independent due diligence and ESG analysis process respecting an "affiliate neutral" approach

ELTIF 2.0 structure facilitating access to retail investors in the EEA
Open-ended fund of funds strategy with quarterly subscription and unlimited lifespan (evergreen) with some liquidity available after the end of the initial lock-up period (until February 4th, 2030) at fund level

Strong asset allocation experience from VEGA Investment Solutions. Private assets dedicated team of investment experts on: micro and strategy, portfolio construction, due diligence and ESG
Portfolio construction & financial engineering, research on private markets and evergreen modeling
Recent successes on new solutions launched with the support from Natixis IM International shared services (legal, compliance, risk, product, marketing, middle, etc…)
Awarded for the democratisation of private assets - 2nd rank (“Coupoles de la distribution 2023“) for a private equity solution¹

VEGA Investment Solutions is part of Natixis Investment Managers, one of the world largest asset managers with €1.3tn assets under management globally²
Natixis IM private assets platform has more than 100bn private assets under management across affiliates², with deep expertise in each asset class

¹ Any reference to an award or ranking is not consistent over time and does not guarantee future results.

² Natixis IM, 31 December 2024.

“Evergreen vehicles represent a great opportunity for investors and particularly wealth clients to get a simple and broad access to private assets as well as to participate in financing the real economy. At VEGA Investment Solutions we favour multi private assets funds of funds to provide access to a diversified portfolio of investment strategies. This structure allows for a broader range of investment opportunities while ensuring diversification across various GPs, asset classes and strategies.”

– Philippe Faget, Head of Private Assets, VEGA Investment Solutions

The analyses and opinions referenced herein represent the subjective views of the author(s) as referenced, are as of the date shown and are subject to change without prior notice.

Risks to consider

All investing involves risk, including the risk of loss. Investment risk exists with equity, fixed income, and alternative investments. There is no assurance that any investment will meet its performance objectives or that losses will be avoided. There could be other differences across similar products in the same strategy. Investors should fully understand the risks and other relevant details associated with any investment prior to investing.

Philippe Faget

Head of Private Assets

VEGA Investment Solutions

Full bio

The firm

As a specialist in financial savings, VEGA Investment Solutions favours wealth management based on strong convictions that it applies to its four core businesses: Discretionary management / collective management / advisory and fund selection / premium advisory management.

Recognised for the quality of its growth management in the European equity markets, the firm also stands out for its expertise in bond markets, diversified strategies and private assets.

Thanks to its approach as a dynamic allocator, with more than 20 years of experience in advising and selecting funds in open architecture, VEGA Investment Solutions selects and assembles, according to its analysis, the best expertise from listed and unlisted universes to build clear and efficient solutions that meet the expectations of all its clients.

Since 2018, VEGA Investment Solutions has developed a responsible investor approach that it has gradually integrated into its entire management offer. The company manages around sixty funds, 18 of which are SRI-labelled (figures as of 01/01/2025). It is also a signatory of the Principles for Responsible Investment initiated by the United Nations, since May 2019, a member of the Climate Action 100+ initiative and the Carbon Disclosure Project since 2023.

Paris

France

160+

Employees

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Multi Private Assets