{"id":1568,"date":"2024-02-09T13:55:43","date_gmt":"2024-02-09T12:55:43","guid":{"rendered":"https:\/\/www.activpatrimonia.fr\/gespat\/?page_id=1568"},"modified":"2024-02-09T14:01:54","modified_gmt":"2024-02-09T13:01:54","slug":"capital-investissement","status":"publish","type":"page","link":"https:\/\/www.activpatrimonia.fr\/gespat\/index.php\/definition-des-principaux-placements\/capital-investissement\/","title":{"rendered":"Capital investissement"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.activpatrimonia.fr\/gespat\/index.php\/definition-des-principaux-placements\/capital-investissement\/#Caracteristiques\" >Caract\u00e9ristiques<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.activpatrimonia.fr\/gespat\/index.php\/definition-des-principaux-placements\/capital-investissement\/#Synthese_rendement_risque\" >Synth\u00e8se rendement \/ risque<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Caracteristiques\"><\/span>Caract\u00e9ristiques<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Le capital investissement est la prise de participation en capital dans des petites et moyennes entreprises non cot\u00e9es en bourse afin de permettre le financement de leur d\u00e9marrage, de leur d\u00e9veloppement ou encore de leur transmission\/cession.<\/p>\n\n\n\n<p>L\u2019activit\u00e9 de capital investissement s\u2019exerce au travers de v\u00e9hicules d\u2019investissement pouvant rev\u00eatir les formes suivantes :<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>FCPR<\/strong> (fonds communs de placement \u00e0 risques) qui sont investis en titres d\u2019entreprises non cot\u00e9es en bourse \u00e0 hauteur de 50 % minimum ;<\/li>\n\n\n\n<li><strong>FCPI<\/strong> (fonds communs de placement dans l\u2019innovation) qui sont investis en titres de soci\u00e9t\u00e9s innovantes non cot\u00e9es en bourse \u00e0 hauteur de 60 % minimum ;<\/li>\n\n\n\n<li><strong>FIP<\/strong> (fonds d\u2019investissement de proximit\u00e9) qui sont investis dans des PME r\u00e9gionales non cot\u00e9es en bourse \u00e0 hauteur de 60 % minimum.<\/li>\n<\/ul>\n\n\n\n<p>Les FCPI et les FIP sont donc deux cat\u00e9gories particuli\u00e8res de FCPR.<\/p>\n\n\n\n<p>Les principales caract\u00e9ristiques des fonds de capital investissement (soumis \u00e0 l\u2019agr\u00e9ment de l\u2019AMF) sont d\u00e9crites dans son document d\u2019information cl\u00e9 pour l\u2019investisseur (DICI).<br>Comme tout placement risqu\u00e9, ils comportent des al\u00e9as en termes de rentabilit\u00e9.<\/p>\n\n\n\n<p>En contrepartie de cette participation risqu\u00e9e au capital des entreprises, les investisseurs peuvent b\u00e9n\u00e9ficier d\u2019avantages fiscaux (r\u00e9duction d&rsquo;imp\u00f4t \u00e0 l&rsquo;entr\u00e9e, exon\u00e9ration des revenus et des plus- values). Toutefois, ces avantages sont subordonn\u00e9s \u00e0 la conservation des parts pendant une dur\u00e9e de 5 ans minimum (sauf cas de force majeure : invalidit\u00e9, licenciement et d\u00e9c\u00e8s).<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Synthese_rendement_risque\"><\/span>Synth\u00e8se rendement \/ risque<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th class=\"has-text-align-center\" data-align=\"center\">Liquidit\u00e9<\/th><th class=\"has-text-align-center\" data-align=\"center\">Risque<\/th><th class=\"has-text-align-center\" data-align=\"center\">Esp\u00e9rance de profit<\/th><th class=\"has-text-align-center\" data-align=\"center\">Horizon de placement<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Absente<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Fort<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Forte<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Long terme<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>Autres d\u00e9finitions :<\/p>\n\n\n<ul class=\"wp-block-page-list\"><li class=\"wp-block-pages-list__item\"><a class=\"wp-block-pages-list__item__link\" href=\"https:\/\/www.activpatrimonia.fr\/gespat\/index.php\/definition-des-principaux-placements\/fonds-euro\/\">Fonds euro<\/a><\/li><li class=\"wp-block-pages-list__item\"><a class=\"wp-block-pages-list__item__link\" href=\"https:\/\/www.activpatrimonia.fr\/gespat\/index.php\/definition-des-principaux-placements\/produits-monetaires\/\">Produits mon\u00e9taires<\/a><\/li><li class=\"wp-block-pages-list__item\"><a class=\"wp-block-pages-list__item__link\" href=\"https:\/\/www.activpatrimonia.fr\/gespat\/index.php\/definition-des-principaux-placements\/produits-obligataires\/\">Produits obligataires<\/a><\/li><li class=\"wp-block-pages-list__item\"><a class=\"wp-block-pages-list__item__link\" href=\"https:\/\/www.activpatrimonia.fr\/gespat\/index.php\/definition-des-principaux-placements\/produits-actions\/\">Produits actions<\/a><\/li><li class=\"wp-block-pages-list__item\"><a class=\"wp-block-pages-list__item__link\" href=\"https:\/\/www.activpatrimonia.fr\/gespat\/index.php\/definition-des-principaux-placements\/scpi\/\">SCPI<\/a><\/li><li class=\"wp-block-pages-list__item\"><a class=\"wp-block-pages-list__item__link\" href=\"https:\/\/www.activpatrimonia.fr\/gespat\/index.php\/definition-des-principaux-placements\/opci\/\">OPCI<\/a><\/li><li class=\"wp-block-pages-list__item\"><a class=\"wp-block-pages-list__item__link\" href=\"https:\/\/www.activpatrimonia.fr\/gespat\/index.php\/definition-des-principaux-placements\/capital-investissement\/\">Capital investissement<\/a><\/li><li class=\"wp-block-pages-list__item\"><a class=\"wp-block-pages-list__item__link\" href=\"https:\/\/www.activpatrimonia.fr\/gespat\/index.php\/definition-des-principaux-placements\/produits-structures\/\">Produits structur\u00e9s<\/a><\/li><li class=\"wp-block-pages-list__item\"><a class=\"wp-block-pages-list__item__link\" href=\"https:\/\/www.activpatrimonia.fr\/gespat\/index.php\/definition-des-principaux-placements\/sofica\/\">SOFICA<\/a><\/li><li class=\"wp-block-pages-list__item\"><a class=\"wp-block-pages-list__item__link\" href=\"https:\/\/www.activpatrimonia.fr\/gespat\/index.php\/definition-des-principaux-placements\/produits-obligataires-complexes\/\">Produits obligataires complexes<\/a><\/li><li class=\"wp-block-pages-list__item\"><a class=\"wp-block-pages-list__item__link\" href=\"https:\/\/www.activpatrimonia.fr\/gespat\/index.php\/definition-des-principaux-placements\/produits-actions-non-cotes\/\">Produits actions non cot\u00e9s<\/a><\/li><li class=\"wp-block-pages-list__item\"><a class=\"wp-block-pages-list__item__link\" href=\"https:\/\/www.activpatrimonia.fr\/gespat\/index.php\/definition-des-principaux-placements\/tracker\/\">Tracker<\/a><\/li><li class=\"wp-block-pages-list__item\"><a class=\"wp-block-pages-list__item__link\" href=\"https:\/\/www.activpatrimonia.fr\/gespat\/index.php\/definition-des-principaux-placements\/cfd\/\">CFD<\/a><\/li><li class=\"wp-block-pages-list__item\"><a class=\"wp-block-pages-list__item__link\" href=\"https:\/\/www.activpatrimonia.fr\/gespat\/index.php\/definition-des-principaux-placements\/futures\/\">Futures<\/a><\/li><li class=\"wp-block-pages-list__item\"><a class=\"wp-block-pages-list__item__link\" href=\"https:\/\/www.activpatrimonia.fr\/gespat\/index.php\/definition-des-principaux-placements\/options\/\">Options<\/a><\/li><li class=\"wp-block-pages-list__item\"><a class=\"wp-block-pages-list__item__link\" href=\"https:\/\/www.activpatrimonia.fr\/gespat\/index.php\/definition-des-principaux-placements\/warrant\/\">Warrant<\/a><\/li><li class=\"wp-block-pages-list__item\"><a class=\"wp-block-pages-list__item__link\" href=\"https:\/\/www.activpatrimonia.fr\/gespat\/index.php\/definition-des-principaux-placements\/turbo\/\">Turbo<\/a><\/li><\/ul>","protected":false},"excerpt":{"rendered":"<p>Caract\u00e9ristiques Le capital investissement est la prise de participation en capital dans des petites et moyennes entreprises non cot\u00e9es en bourse afin de permettre le financement de leur d\u00e9marrage, de leur d\u00e9veloppement ou encore de leur transmission\/cession. L\u2019activit\u00e9 de capital investissement s\u2019exerce au travers de v\u00e9hicules d\u2019investissement pouvant rev\u00eatir les [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":1549,"menu_order":7,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-1568","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.activpatrimonia.fr\/gespat\/index.php\/wp-json\/wp\/v2\/pages\/1568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.activpatrimonia.fr\/gespat\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.activpatrimonia.fr\/gespat\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.activpatrimonia.fr\/gespat\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.activpatrimonia.fr\/gespat\/index.php\/wp-json\/wp\/v2\/comments?post=1568"}],"version-history":[{"count":2,"href":"https:\/\/www.activpatrimonia.fr\/gespat\/index.php\/wp-json\/wp\/v2\/pages\/1568\/revisions"}],"predecessor-version":[{"id":1574,"href":"https:\/\/www.activpatrimonia.fr\/gespat\/index.php\/wp-json\/wp\/v2\/pages\/1568\/revisions\/1574"}],"up":[{"embeddable":true,"href":"https:\/\/www.activpatrimonia.fr\/gespat\/index.php\/wp-json\/wp\/v2\/pages\/1549"}],"wp:attachment":[{"href":"https:\/\/www.activpatrimonia.fr\/gespat\/index.php\/wp-json\/wp\/v2\/media?parent=1568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}