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IPSA is an independent asset management company registered with the AMF since 1997, and specialized in the management of FCPI Funds (Fonds Commun de Placement dans l’Innovation). FCPI Funds are tax efficient French closed-end collective investment schemesdesigned to provide venture capital finance for young innovative companies and immediate tax-relief plus tax-free capital gains for retail investors. Through an international management team of diverse backgrounds and experiences, IPSA has become a recognized pan-European actor of the private equity market, having raised 200 million € through 15 Funds over the past 12 years.