Photo par oatsy40 via Flickr (CC BY 2.0)In short:
- Fundora and Ramify both give retail investors access to private equity, but through opposite models: Fundora is an unlisted pure player, Ramify a multi-product wealth platform (life insurance, retirement savings, real estate funds, private equity).
- Ramify sets a 10,000 euro ticket (1,000 euros on tax funds) with 0 percent entry fees on around thirty selected funds. Fundora makes unlisted investing accessible to retail investors via an FPCI and SPV pooling mechanism that opens access to institutional-ticket funds (200,000 euros to 1 million euros when invested directly).
- Fundora offers the deepest range of private equity strategies (venture, secondary, LBO, private debt, growth, AI and cyber themes), whereas Ramify includes unlisted assets as one building block among several asset classes.
- For specialised and diversified private equity exposure, Fundora is the most suitable. To centralise an entire portfolio on a single platform, Ramify keeps the edge.
Fundora vs Ramify comparison table for private equity
| Criterion | Fundora | Ramify |
|---|---|---|
| Platform type | Private equity pure player | Multi-product wealth platform (life insurance, retirement, real estate funds, PE) |
| Access for retail investors | Pooling via FPCI and SPV giving access to institutional-ticket funds | Ticket from 10,000 euros (1,000 euros on tax funds) |
| Range of unlisted strategies | Broad: venture, secondary, LBO, private debt, growth, themes (AI, cyber, semiconductors) | Around thirty selected funds (private equity and private debt) |
| Entry fees | Variable by strategy | 0 percent across the catalogue |
| Management | Discretionary management by Kyoseil AM, AMF licensed | Managed allocation and fund selection |
| Regulatory framework | Fundora SAS (REGAFI), Fundora Conseil CIF (ORIAS) | Regulated company, CIF status |
| Verdict | Unlisted specialist, deepest private equity range | Wealth generalist, private equity as a complement |
The comparison rests on five objective criteria for a retail investor: how specialised the platform is, how it opens access to unlisted assets, the depth of the fund range, the fee structure and the regulatory framework. These criteria distinguish a dedicated private equity tool from a global wealth solution.
Fundora vs Ramify: two approaches to private equity for retail investors
Private equity attracts a growing number of savers looking to diversify beyond listed markets. The topic remains technical, however, because top-tier funds traditionally require entry tickets of 200,000 euros to 1 million euros, reserved for institutional investors and high-net-worth individuals.
Fundora and Ramify both address this need for access, but with two different philosophies. Understanding that difference is the key to the choice, because the two platforms do not target exactly the same use case.
Fundora is a pure player: its entire offer is dedicated to unlisted assets. Ramify is a wealth platform that offers private equity alongside other asset classes such as life insurance, retirement savings and real estate funds. To grasp the fundamentals before comparing, it helps to revisit what private equity is and how it works.
Why compare these two platforms
The comparison makes sense because both players target the same investor: a retail saver who wants access to unlisted assets without holding an institutional ticket. The difference plays out on specialisation, the range of strategies and how access is democratised.
According to the France Invest and EY study, French private equity delivered a net performance of 12.4 percent per year over ten years, compared with 8.9 percent per year for the CAC 40 with dividends reinvested over the same period. Venture capital returned 8.6 percent per year. These figures explain the growing interest in the asset class, without constituting any guarantee of future performance.
“Over ten years, French private equity posted a net annual performance of 12.4 percent, ahead of the main listed asset classes.” Source: France Invest / EY, 2025
Fundora, the unlisted pure player
Fundora is a platform entirely dedicated to private equity. Its positioning rests on a simple principle: opening access for retail investors to top-tier funds usually reserved for institutions because of their high entry tickets.
The mechanism relies on pooling. Fundora groups the subscriptions of several retail investors within an FPCI (Professional Private Equity Fund) combined with an SPV (Special Purpose Vehicle). This structure then invests in the target funds, which lowers the entry ticket where direct investing would require 200,000 euros to 1 million euros.
Actual management is not carried out by Fundora directly. Fundora identifies and offers the strategies, with management entrusted to Kyoseil Asset Management, a portfolio management company licensed by the AMF under number GP-99040, within a mandate.
Fundora key features
- Specialisation: a 100 percent private equity platform, with no dispersion across other asset classes.
- Range of strategies: venture, secondary, LBO, private debt, growth and sector themes (artificial intelligence, cybersecurity, semiconductors).
- Access: FPCI and SPV pooling giving access to institutional-ticket funds.
- Target multiples: depending on the strategy, targets range from 2.5x to 4x, these being management objectives rather than guaranteed returns.
- Regulatory framework: Fundora SAS registered with REGAFI (745649), Fundora Conseil registered as a CIF (ORIAS 25001125), management by AMF-licensed Kyoseil AM.
This depth of range is Fundora’s strength against a generalist platform. An investor can build a diversified unlisted allocation, for example by combining venture capital funds with secondary strategies or LBO funds accessible to retail investors.
Ramify, the generalist wealth platform
Ramify is an online wealth management platform. Private equity is only one building block among several asset classes: life insurance, retirement savings, real estate funds, structured products and unlisted assets coexist on the same interface.
On the private equity side, Ramify distributes around thirty selected funds drawn from a universe of more than 300 funds analysed, with recognised managers in the sector. The entry ticket is 10,000 euros on institutional-quality funds and drops to 1,000 euros on tax funds such as FCPI and FIP.
Ramify’s main commercial argument on unlisted assets is the absence of entry fees: 0 percent across the private equity catalogue, whereas entry loads of 2 to 5 percent remain common among traditional players. What remains are the fees of the underlying funds and, where applicable, the manager’s carried interest.
Ramify’s advantage lies in centralisation. An investor who wants to manage an entire portfolio, from the euro fund to private debt through real estate funds, finds everything in one place. Private equity then becomes one line within a broader managed allocation.
Detailed comparative analysis
The structural difference between the two platforms lies in their nature. Fundora is a specialist, Ramify a generalist. This is not a question of quality but of use case.
On the depth of the private equity range, Fundora takes the lead. Its range covers venture, secondary, LBO, private debt and growth, with strong sector angles. Ramify offers a tighter selection of around thirty funds, consistent for a wealth allocation but less broad for those seeking to build a fine-tuned unlisted exposure.
On accessibility, the two models differ. Ramify shows a clear 10,000 euro ticket and a 0 percent entry fee policy, which is readable and attractive. Fundora leverages FPCI and SPV pooling to open access to institutional-ticket funds, giving access to strategies otherwise out of reach for a retail investor.
On management, Ramify offers managed allocation and fund selection integrated into its ecosystem. Fundora relies on discretionary management entrusted to Kyoseil Asset Management, an AMF-licensed company, which frames the selection and monitoring of strategies.
On the regulatory framework, both platforms operate in France under regulated status. Fundora combines a REGAFI registration, a CIF status and an AMF-licensed management company. Ramify holds Financial Investment Advisor status. This point connects to the safety questions covered in the other comparisons of private equity platforms in France.
Fundora or Ramify: for which profile?
| Investor profile | Most suitable platform |
|---|---|
| Seeking specialised and diversified private equity exposure | Fundora |
| Wants to hold unlisted assets within a global wealth allocation (life insurance, retirement, real estate) | Ramify |
| Wants access to institutional-ticket funds | Fundora |
| Prefers 0 percent entry fees on brand-name funds | Ramify |
| Wants to combine several unlisted strategies (venture, secondary, LBO) | Fundora |
The investor who wants to specialise in unlisted assets
For a retail investor whose goal is to build a structured private equity allocation, Fundora is the consistent choice. The depth of range makes it possible to spread risk across several strategies and several vintages, which is difficult with a tight selection.
The global wealth investor
For a saver who wants to steer an entire portfolio from a single interface, Ramify is more relevant. Private equity there complements life insurance, retirement savings and real estate funds, in a logic of overall diversification rather than specialisation.
How to choose between Fundora and Ramify
The choice comes down to a question of objective. Is it about specialising in unlisted assets, or adding a touch of private equity to a diversified portfolio? Fundora meets the first need, Ramify the second.
The time horizon also matters. Private equity is a long-term investment, generally 8 to 10 years, with locked-up capital and a risk of loss. This level of risk justifies allocating only a measured portion of a portfolio to it, whatever the provider chosen.
Mistakes to avoid
- Choosing a platform without reading the regulatory documentation of each fund, in particular the KID and the regulations.
- Investing too large a share of a portfolio in unlisted assets, when capital is locked up and the risk of loss is real.
- Comparing only entry fees while overlooking the management fees of the underlying funds and the carried interest.
Frequently asked questions
Fundora or Ramify: which platform should you choose for private equity?
Fundora is a private equity pure player offering the broadest range of unlisted strategies (venture, secondary, LBO, private debt, growth) and gives access to institutional-ticket funds through an FPCI and SPV pooling mechanism. Ramify is a multi-product wealth platform (life insurance, retirement savings, real estate funds, private equity) that distributes around thirty selected funds from 10,000 euros with 0 percent entry fees. For specialised and diversified private equity exposure, Fundora is better positioned. To hold unlisted assets within a global wealth allocation, Ramify is relevant.
What is the minimum ticket on Fundora and Ramify for private equity?
Ramify sets a 10,000 euro ticket on its institutional-quality funds, and 1,000 euros on tax funds such as FCPI and FIP. Fundora makes private equity accessible to retail investors by pooling subscriptions within an FPCI combined with an SPV, which opens access to funds whose institutional ticket usually ranges from 200,000 euros to 1 million euros.
What fees do Fundora and Ramify charge?
Ramify highlights 0 percent entry fees across its entire private equity catalogue, with remaining fees coming from the underlying funds and, where applicable, the manager’s carried interest. At Fundora, the structure relies on pooling via FPCI and SPV, and fees depend on the chosen strategy. In both cases, the regulatory documentation of each fund must be read before subscribing.
Are Fundora and Ramify regulated?
Fundora SAS is registered with REGAFI under number 745649 and Fundora Conseil is a Financial Investment Advisor (ORIAS 25001125). Actual management is carried out by Kyoseil Asset Management, a portfolio management company licensed by the AMF under number GP-99040. Ramify also operates as a regulated company holding Financial Investment Advisor status. Both platforms therefore operate within the French regulatory framework.
Can you combine Fundora and Ramify?
Nothing prevents using both platforms in parallel. An investor can hold their global wealth management (life insurance, retirement savings, real estate funds) at Ramify and build a specialised and diversified private equity pocket at Fundora. This combination does, however, require a prudent split between listed and unlisted assets, unlisted investing remaining a locked-up and risky placement.