# Humanis Gestion d'Actifs

Humanis Gestion d'Actifs is an Asset Manager based in Paris, France.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Paris, France
- **Region:** Europe
- **Address:** Paris, France
- **Founded:** 1969
- **Assets under management:** Undisclosed
- **Website:** epsens.com
- **LinkedIn:** https://www.linkedin.com/company/malakoffhumanisepargne

## Regulatory record

- **Reports private funds:** No

## About

Humanis Gestion d'Actifs is the dedicated asset-management entity of the Groupe Humanis, a leading French paritarian social-protection group formed through successive mergers of occupational pension and health-insurance bodies. The manager invests the group's technical reserves and equity capital, with an allocation that spans fixed income, European equities, real estate, and private assets. The portfolio is constructed to meet the long-term guarantees of the group's life-insurance, supplementary pension, and health-insurance businesses. Strategy reflects a liability-driven, multi-asset approach anchored by a core allocation to euro-denominated sovereign and investment-grade corporate bonds. Equities are tilted toward large-cap European names, with additional exposure to private equity, infrastructure debt, and commercial real estate held directly and through external funds. The group has historically been an active participant in the French institutional real estate market, with holdings in office and healthcare property. Geographic coverage concentrates on France and the eurozone. The team operates from Paris and is integrated with the group's actuarial and risk functions. In recent years, Humanis completed a broader restructuring of its asset-management subsidiaries, consolidating several entities into a streamlined platform now operating under the umbrella brand EpSens. Organizational changes within the parent group have focused on merging the legacy Humanis and Malakoff Médéric investment arms into a single management company. What distinguishes Humanis Gestion d'Actifs from purely commercial asset managers is its paritarian governance: the board includes equal representation from employer and employee unions, embedding a social-partner oversight mechanism that shapes everything from investment stewardship to exclusion policies. This governance structure makes the manager's investment posture inherently conservative and closely aligned with France's regulatory framework for social-protection institutions.

## Questions

### Who owns Humanis Gestion d'Actifs?

It is a wholly owned subsidiary of Groupe Humanis, the paritarian social-protection group created by the 2019 merger of Humanis and Malakoff Médéric. Paritarian governance means its board represents employer federations and trade unions equally, with no external shareholders.

### How does the paritarian governance model affect investment decisions?

The equal employer-union representation on the board embeds a risk-averse culture and a strict ESG-screening layer. Investment policies must align with the social mandate of protecting insured members' long-term benefits, which limits speculative strategies and shapes exclusion lists.

### What asset classes does Humanis Gestion d'Actifs invest in?

The portfolio is built around euro-denominated sovereign and corporate bonds, large-cap European equities, French commercial real estate, private equity, and infrastructure debt. The mix is liability-driven to match the guarantees embedded in the group's life-insurance and pension products.

### Does the firm manage any real estate directly?

Yes. Through its parent group's history, the entity has been an active direct investor in French office and healthcare real estate. Assets are managed institutionally and serve as a long-duration match for insurance liabilities.

## Related profiles

- [Humania Capital](https://altss.com/profile/humania-capital)
- [Human Longevity and Performance Impact Venture Fund](https://altss.com/profile/human-longevity-and-performance-impact-venture-fund)

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Last updated: 2026-07-06T00:34:31.622Z

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