Episode 5 | Re-up - Interview with Maurice Tchenio

Maurice Tchenio addresses a key question here: how can investors develop an optimal private equity strategy when they lack the necessary capital—typically around €310,000? The answer lies in utilizing tailored solutions such as the PER Retirement Savings Plan) through the Altalife product, which is designed to be held within a life insurance policy.The PER a significant tax advantage that reduces the actual savings burden. Specifically, an investor who contributes €10,000 per year can benefit from a tax reduction corresponding to their marginal tax rate. For example, with a 30% tax rate, the actual contribution is reduced to just €7,000, with the remainder offset by a tax benefit. This mechanism thus allows investors to gradually access a private equity strategy while optimizing their investment through tax advantages. This approach makes private equity accessible to a wider range of investors by lowering the barrier to entry. It also allows investors to build, over time, significant capital or income by combining three levers: consistent investment discipline, private equity performance, and the tax benefits of PER. Maurice Tchenio emphasizes that this solution represents a first step toward democratizing access to this asset class. Other innovations are currently being developed to further optimize wealth management strategies.