Five years after the creation of the first unit trusts for innovation and in spite of the explosion of the Internet bubble, this method of investment has still made gains of more than four hundred and seventy-five million Euros in 2002 (and more than five hundred and seventy-eight million Euros in 2001). Pierre Boulic explains the special features of this investment and his role in the changing market of financing by capital risk as well as the changing strategy of AXA Private Equity. He describes the importance of being very careful in the choice of companies, in the establishment of a relationship built on trust with the managers and in following the life of the company so that there is a profitable outcome for everyone.
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