# Valhyr Capital

> Valhyr Capital is a Paris-based French financial-investment advisory firm launched in 2025 from Ramify's asset-management activities, using quantitative research to advise AMF-authorized managers and develop evergreen private-markets solutions, notably the X Fund.

Company page on Leadbay: https://mad-max.leadbay.ai/company/valhyrcapital.com · loaded 2026-10-31

## At a glance

- Website: https://valhyrcapital.com
- Team based in: Paris (Leadbay's record and 2 more)
- Incorporated: Paris, France (register)
- Registry: SIREN 944 936 483
- Founded: 2025 (valhyrcapital.com and 1 more)
- Founders: Samy Ouardini, Olivier Herbout
- Industry: Financial Services
- Employees: 10 (employees and founders, investors not counted; valhyrcapital.com and 1 more)
- Backed by: Arnaud Ton-That (Investor Relations - Private Equity)
- Seen in its site's code: Google Analytics (googletagmanager.com/gtag/js), Webflow (data-wf-site=), Google Workspace (MX alt2.aspmx.l.google.com) (read 2026-10-31)
- Email: info@valhyrcapital.com
- Address: 40 RUE BLANCHE, 75009, PARIS, fr

## What it sells, to whom

- Valhyr Capital is a Paris-based French financial-investment advisory firm launched in 2025 from Ramify's asset-management activities, using quantitative research to advise AMF-authorized managers and develop evergreen private-markets solutions, notably the X Fund. ([valhyrcapital.com](https://www.valhyrcapital.com/), [valhyrcapital.com](https://www.valhyrcapital.com/communiques/lancement-valhyr-capital-et-son-premier-fonds-x-fund), [valhyrcapital.com](https://www.valhyrcapital.com/legal/mentions-legales))

## Products and services

- **X Fund**: perpetual French professional specialized fund / ELTIF 2.0 evergreen vehicle combining private equity, private debt and liquid assets; advised by Valhyr Capital and managed by Tygrow (AMF GP-20226). ([valhyrcapital.com](https://www.valhyrcapital.com/), [valhyrcapital.com](https://www.valhyrcapital.com/fonds/x-fund), [valhyrcapital.com](https://www.valhyrcapital.com/communiques/lancement-valhyr-capital-et-son-premier-fonds-x-fund))
- Investment advisory and quantitative research for private equity, venture capital, club deals and private-debt/evergreen solutions. ([valhyrcapital.com](https://www.valhyrcapital.com/), [valhyrcapital.com](https://www.valhyrcapital.com/fonds/x-fund), [valhyrcapital.com](https://www.valhyrcapital.com/communiques/lancement-valhyr-capital-et-son-premier-fonds-x-fund))
- Content and investment-selection/recommendation services for CGPs, family offices and distributors. ([valhyrcapital.com](https://www.valhyrcapital.com/), [valhyrcapital.com](https://www.valhyrcapital.com/fonds/x-fund), [valhyrcapital.com](https://www.valhyrcapital.com/communiques/lancement-valhyr-capital-et-son-premier-fonds-x-fund))

## Customers and markets

- **Customers**: Independent financial advisers (CGPs), Family offices, Wealth-management distributors and institutional-style investors, Retail investors accessing X Fund through eligible insurance/luxembourg contracts and PER/assurance-vie channels ([valhyrcapital.com](https://www.valhyrcapital.com/), [valhyrcapital.com](https://www.valhyrcapital.com/equipe), [valhyrcapital.com](https://www.valhyrcapital.com/communiques/lancement-valhyr-capital-et-son-premier-fonds-x-fund))
- **Markets**: France, especially the professional wealth-management market: CGPs, family offices, private banks, institutional clients and distributors. ([valhyrcapital.com](https://www.valhyrcapital.com/), [valhyrcapital.com](https://www.valhyrcapital.com/communiques/valhyr-capital-wenimmo), [valhyrcapital.com](https://www.valhyrcapital.com/communiques/lancement-valhyr-capital-et-son-premier-fonds-x-fund))
- **Markets**: French retail savers reached through life insurance and PER wrappers. ([valhyrcapital.com](https://www.valhyrcapital.com/), [valhyrcapital.com](https://www.valhyrcapital.com/communiques/valhyr-capital-wenimmo), [valhyrcapital.com](https://www.valhyrcapital.com/communiques/lancement-valhyr-capital-et-son-premier-fonds-x-fund))

## Team

- Samy Ouardini, Co-founder and Managing Director
- Olivier Herbout, Co-fondateur et Président de Valhyr Capital
- Julie Delesalle, Head of Brand · [LinkedIn](https://www.linkedin.com/in/juliedelesalle)
- Aymane Oubella, Head of Research · [LinkedIn](https://www.linkedin.com/in/aymane-oubella-b54943155)
- Jonathan Boudin, Directeur des Partenariats · [LinkedIn](https://www.linkedin.com/in/jboudin)
- Mehdi Berrada, Head of Operations
- Louise Fribourg, Relations Institutionnelles
- Maxence Boissonnet, M&A Analyst Intern | Allinvest · [LinkedIn](https://www.linkedin.com/in/maxence-boissonnet/en)

Backed by: Arnaud Ton-That

## Latest news

- 2026-07-07 · [Actifs privés : le X Fund de Valhyr Capital tient ses promesses de rendement - 07/07/2026 à 17:25 - Boursorama](https://www.boursorama.com/bourse/actualites/actifs-prives-le-x-fund-de-valhyr-capital-tient-ses-promesses-de-rendement-08e1de9becf3cc8156b42036d9ab2f2e) (boursorama.com)
- 2026-07-06 · [Valhyr Capital ouvre l'accès aux géants de la tech en assurance vie dès 1.000 euros - L'Agefi](https://www.agefi.fr/patrimoine/fonds/valhyr-capital-ouvre-lacces-aux-geants-de-la-tech-en-assurance-vie-des-1-000-euros) (agefi.fr)
- 2026-02-24 · [Valhyr Capital lance le X Fund evergreen avec Intencial](https://www.clubpatrimoine.com/contenus/x-fund) (clubpatrimoine.com)
- 2025-10-28 · [Valhyr Capital obtient l’agrément ELTIF 2.0 pour son fonds X Fund](https://www.clubpatrimoine.com/contenus/fonds-x-fund) (clubpatrimoine.com)
- 2025-06-11 · [L'Interview - Comment investir comme un institutionnel ? - GESTION DE FORTUNE - Le magazine de la gestion privée](https://www.gestiondefortune.com/immobilier/rubriques-immobilier/actualites/12410-l-interview-comment-investir-comme-un-institutionnel.html) (gestiondefortune.com)

## Where to find more

- [This page in Markdown, for agents](https://mad-max.leadbay.ai/company/valhyrcapital.com.md)

## Decision makers

- [Samy Ouardini](https://mad-max.leadbay.ai/person/samy-ouardini--valhyrcapital.com.md), Co-founder and Managing Director
- [Olivier Herbout](https://mad-max.leadbay.ai/person/olivier-herbout--valhyrcapital.com.md), Co-fondateur et Président de Valhyr Capital
- [Julie Delesalle](https://mad-max.leadbay.ai/person/julie-delesalle--valhyrcapital.com.md), Head of Brand · [LinkedIn](https://www.linkedin.com/in/juliedelesalle)
- [Aymane Oubella](https://mad-max.leadbay.ai/person/aymane-oubella--valhyrcapital.com.md), Head of Research · [LinkedIn](https://www.linkedin.com/in/aymane-oubella-b54943155)
- [Jonathan Boudin](https://mad-max.leadbay.ai/person/jonathan-boudin--valhyrcapital.com.md), Directeur des Partenariats · [LinkedIn](https://www.linkedin.com/in/jboudin)
- [Mehdi Berrada](https://mad-max.leadbay.ai/person/mehdi-berrada--valhyrcapital.com.md), Head of Operations

Work emails and direct phones come with a Leadbay account: https://wow.leadbay.ai/?register=true

Where it comes from: 17 sites read (valhyrcapital.com, financialservicesrevieweurope.com, ramify.fr, mind.eu.com, boursorama.com, agefi.fr, clubpatrimoine.com, gestiondefortune.com, …), the French register and the BODACC.

## Best angle

2026-09-22 · Product: Un an après son lancement, quel bilan pour le X Fund? (1 source)

## Best way in

- LinkedIn message to Julie Delesalle: Head of Brand · profile linked from the company's record

## Signals: what happened

- 2026-10-31 · Headcount: Headcount up 25% in a year (1 source: [A company database](https://valhyrcapital.com/))
- 2026-10-09 · News: Venture, Buy-Out, Secondaire, Feeders, Evergreen: sous l’appellation « Private Equity », les approches sont très différentes, et le choix de l’une ou de l’autre change profondément la construction d’une allocation. (1 source: [fr.linkedin.com](https://fr.linkedin.com/posts/valhyr-capital_venture-buy-out-secondaire-feeders-evergreen-activity-7514315492480663552-26CL))
- 2026-09-24 · Events: Dans une semaine, Valhyr Capital sera présente à Patrimonia pour la 33ème édition du salon incontournable de la gestion de patrimoine. (1 source: [fr.linkedin.com](https://fr.linkedin.com/posts/valhyr-capital_dans-une-semaine-valhyr-capital-sera-pr%C3%A9sente-activity-7508778842732396545-dVoU))
- 2026-09-22 · Product: Un an après son lancement, quel bilan pour le X Fund? (1 source: [fr.linkedin.com](https://fr.linkedin.com/posts/valhyr-capital_un-an-apr%C3%A8s-son-lancement-quel-bilan-pour-activity-7508053772057714689-FGjX))
- 2026-09-10 · News: 📍 Rendez-vous à Patrimonia Lyon, les 30 septembre & 1er octobre 2026 (1 source: [fr.linkedin.com](https://fr.linkedin.com/posts/valhyr-capital_rendez-vous-%C3%A0-patrimonia-lyon-les-30-activity-7503705148058435584-L_07))
- 2026-09-08 · News: Cet été, le X Fund a soufflé sa première bougie. Investissement Conseils lui a consacré un article dans son édition de septembre. (1 source: [fr.linkedin.com](https://fr.linkedin.com/posts/valhyr-capital_cet-%C3%A9t%C3%A9-le-x-fund-a-souffl%C3%A9-sa-premi%C3%A8re-activity-7502980356325703680-amHg))
- 2026-09-07 · News: Merci à L'Analyste pour cette analyse approfondie du X Fund. (1 source: [fr.linkedin.com](https://fr.linkedin.com/posts/valhyr-capital_merci-%C3%A0-lanalyste-pour-cette-analyse-approfondie-activity-7502732184999436288-Ne-H))
- 2026-09-01 · Expansion: L'expansion de multiple en Private Equity: moins cyclique qu'on ne le pense. (1 source: [fr.linkedin.com](https://fr.linkedin.com/posts/valhyr-capital_lexpansion-de-multiple-en-private-equity-activity-7500443635595882497-gcBt))
- 2026-08-06 · News: À TRI identique, un fonds evergreen et un fonds fermé ne produisent pas le même résultat. (1 source: [fr.linkedin.com](https://fr.linkedin.com/posts/valhyr-capital_%C3%A0-tri-identique-un-fonds-evergreen-et-un-activity-7491021503040331776-GjwA))
- 2026-07-07 · News: Actifs privés : le X Fund de Valhyr Capital tient ses promesses de rendement - 07/07/2026 à 17:25 (1 source: [boursorama.com](https://www.boursorama.com/bourse/actualites/actifs-prives-le-x-fund-de-valhyr-capital-tient-ses-promesses-de-rendement-08e1de9becf3cc8156b42036d9ab2f2e))
- 2026-07-06 · Expansion: Valhyr Capital ouvre l'accès aux géants de la tech en assurance vie dès 1.000 euros (1 source: [agefi.fr](https://www.agefi.fr/patrimoine/fonds/valhyr-capital-ouvre-lacces-aux-geants-de-la-tech-en-assurance-vie-des-1-000-euros))
- 2026-05-21 · Partnership: [PARTENARIAT] Valhyr Capital et WENIMMO s'associent pour ouvrir l'accès aux actifs privés aux conseillers en gestion de patrimoine. (1 source: [fr.linkedin.com](https://fr.linkedin.com/posts/valhyr-capital_communiqu%C3%A9-de-presse-valhyr-capital-x-wenimmo-activity-7463113904383238144-puZL))

## Solvency

From the national register (INSEE, INPI) and the BODACC, read 2026-10-31. SIREN 944936483.

- Status: active, registered 2025-05-23 · SAS
- Procédures collectives: none in the BODACC (no sauvegarde, redressement or liquidation judiciaire)
- Accounts filed (comptes déposés): none published in the BODACC
- Legal officers: Olivier Herbout, Président de SAS; Samy Ouardini, Directeur Général
- Grade (Jev): D, high risk
- Risk of failure within 12 months (Jev, read 2026-10-25): 30%
- Risk of paying 90 days late within 12 months (Jev): 24%
- Pays its invoices (Jev): Within 30 days
- Cash on hand (Jev): Over 24 months of spending
- Debt (Jev): No financial debt
- What Jev read: Active, created 2025-05-23; No procédure collective in the BODACC

## Working on now

- France: positioning as an evergreen specialist for wealth-management professionals, family offices, private banks and distributors.
- X Fund: expanding access to diversified private equity and private debt, with a quantitative multi-asset approach and ELTIF 2.0 structure.
- Distribution: scaling the X Fund through insurance wrappers and digital wealth-distribution channels; the latest official disclosure names Generali, AG2R La Mondiale and Apicil, with access from €1,000 through eligible life-insurance contracts.
- CGP channel: the May 2026 Wenimmo partnership gives nearly 500 independent advisers access to the X Fund through a fully digital subscription journey.
- Portfolio development: the July 2026 company update highlights exposure to global private companies including Anthropic, Stripe, Polymarket, Adevinta and Septeo.

From: [Valhyr Capital | L’acteur de référence de l’Evergreen en France](https://www.valhyrcapital.com/), [Valhyr Capital et Wenimmo ouvrent le Private Equity aux CGP](https://www.valhyrcapital.com/communiques/valhyr-capital-wenimmo), [Valhyr Capital | LinkedIn](https://fr.linkedin.com/company/valhyr-capital), [D'Anthropic à Stripe — le X Fund de Valhyr Capital ouvre aux épargnants français l'accès aux plus grandes pépites mondiales du non-coté](https://www.valhyrcapital.com/communiques/danthropic-a-stripe----le-x-fund-de-valhyr-capital-ouvre-aux-epargnants-francais-lacces-aux-plus-grandes-pepites-mondiales-du-non-cote), [Le X Fund de Valhyr Capital devient éligible à l’assurance-vie et au PER](https://www.valhyrcapital.com/communiques/le-x-fund-de-valhyr-capital-devient-eligible-a-lassurance-vie-et-au-per)

## Summary

Valhyr Capital is a French asset management entity founded by Olivier Herbout and Samy Ouardini as an offshoot of the wealth management firm Ramify. The company specializes in quantitative investment strategies, specifically providing advisory services for evergreen private equity and private debt funds, such as its flagship X Fund. Valhyr Capital serves professional wealth managers, family offices, and private investors. Its primary product, the X Fund, provides access to institutional-grade non-listed assets, including companies like Anthropic and Stripe. It is accessible through direct subscription or via life insurance and PER contracts. The firm distinguishes itself by offering institutional-level strategies—typically reserved for large investors—to a broader market through its ELTIF 2.0-labeled, all-weather fund structure. As of April 2026, it was recognized as a top private equity fund investment service in Europe.

[1]: https://www.valhyrcapital.com/ "Valhyr Capital | Spécialiste des fonds non cotés evergreen"
[2]: https://www.valhyrcapital.com/communiques/lancement-valhyr-capital-et-son-premier-fonds-x-fund "Lancement de Valhyr Capital et du fonds X Fund"
[3]: https://www.valhyrcapital.com/fonds/x-fund "X Fund :  fonds evergreen de Private Equity & Dette Privée"
[4]: https://www.valhyrcapital.com/equipe "L'équipe de Valhyr Capital | Spécialiste des solutions evergreen"
[5]: https://www.valhyrcapital.com/communiques/valhyr-capital-wenimmo "Valhyr Capital et Wenimmo ouvrent le Private Equity aux CGP"
[6]: https://www.valhyrcapital.com/communiques/le-x-fund-de-valhyr-capital-devient-eligible-a-lassurance-vie-et-au-per "Le X Fund devient éligible à l’assurance-vie et au PER"
[7]: https://www.mind.eu.com/fintech/article/ramify-veut-devenir-societe-de-gestion-pour-cibler-les-cgp/ "Ramify veut devenir société de gestion pour cibler les CGP - mind Fintech"
[8]: https://www.valhyrcapital.com/communiques/danthropic-a-stripe----le-x-fund-de-valhyr-capital-ouvre-aux-epargnants-francais-lacces-aux-plus-grandes-pepites-mondiales-du-non-cote "D'Anthropic à Stripe — le X Fund ouvre aux épargnants français l'accès aux plus grandes pépites mondiales du non-coté"

## Sources

- [Valhyr Capital's website](https://valhyrcapital.com)
- [Company record, via Exa](https://valhyrcapital.com/)
- [Valhyr Capital | LinkedIn](https://fr.linkedin.com/company/valhyr-capital)
- [X Fund : Avis, analyse et présentation du fonds evergreen de Valhyr Capital](https://www.ramify.fr/avis/fips-x-fund)