Fonds de Garantie des Victimes

Fonds de Garantie des Victimes

The Fonds de Garantie des Victimes (FGV) operates from Vincennes, France, as a public-interest entity responsible for compensating victims of criminal and terrorist acts when perpetrators are insolvent or unidentified. Under Director General Julien Rencki, the fund deploys its guarantee reserves into impact-aligned assets that reflect its social mission, a posture uncommon among continental European compensation schemes. The investment strategy spans three distinct asset classes. Direct commercial real estate includes the prime Parisian office asset at 22-24 Avenue Hoche in the 8th arrondissement. In the residential sphere, FGV has co-invested with partner Simon de Cyrène to develop shared housing projects for people with disabilities across multiple French locations. The portfolio also extends to green bonds and global infrastructure, complemented by venture capital commitments. The fund is an active signatory to the UN Principles for Responsible Investment and a member of the Forum pour l'Investissement Responsable, where it contributes to white papers on sustainable finance. Team size and assets under management are not publicly disclosed. Governance includes Christian Schor, who represents the Fonds de Garantie des Terroristes et d'autres Infractions (FGTI) as an independent board member at NextStage, the Paris-listed investment platform. FGV's operational partnerships extend beyond finance: it collaborates with the Fédération Solidarité Femmes to provide housing for victims of domestic violence. The fund also supports the Handitech Trophy, an initiative recognizing startups that develop technology for people with disabilities. FGV's structural differentiator lies in its mandate alignment. Unlike a conventional insurer or pension fund that optimizes purely for risk-adjusted return, FGV legally exists to compensate victims of violence. Its allocation to inclusive housing and disability-focused innovation is not a sidecar philanthropic program — it is embedded in the treasury function of a public compensation authority, making the investment portfolio a direct extension of its statutory purpose.