United by affectio societatis and shared interests, we drive sustainable performance.
An Entrepreneurial Adventure
During its first decade, IVO Capital built credibility through niche areas of portfolio diversification, including EM corporate bonds and litigation financing.
Having become a trusted partner for investors seeking diversification (through index outperformance, Morningstar awards, and more), IVO Capital continues to grow by expanding both its client base and investment universe, leveraging the expertise of its research teams.
AN EXPERIENCED TEAM
Experts
IVO Capital has more than 30 professionals, including strong, experienced and hybrid teams of analysts to meet the selectivity requirements of its asset classes and provide the necessary readability and educational value in alternative universes.
The credit team, particularly the emerging market credit team, is one of the strongest in Paris. It includes multilingual and multicultural experts (Mexico, Brazil, Colombia, Morocco, China, Taiwan, Lithuania, USA, UK…) capable of anticipating and reacting to the realization of various risks.
The Finance Litigation teams include lawyers and financiers, to combine a capacity for in-depth legal analysis and origination with skills in credit analysis and financial structuring.
Michael Israel
In 2012, Michael Israel founded IVO Capital with Sidney Oury. As Chairman of the firm, he manages the funds in the IVO range and is also a member of the investment committee for the Litigation Finance funds managed by IVO Capital Partners. Before founding IVO, Michael worked at Paribas, Rothschild & Cie, and finally Merrill Lynch, where he led a management team specializing in corporate credit in special situations. Michael holds a Master's degree from Toulouse Business School.
Sidney Oury
Sidney Oury co-founded IVO Capital in 2012 with Michael Israel. He is responsible for the discretionary portfolio management business and participates in the overall development of the group's activities.
Before founding IVO, Sidney worked at Merrill Lynch—initially in New York within the Front Office team, and later in Geneva and Paris—where he helped develop the firm’s European high-yield and emerging markets management activities for third-party clients.
He began his career at PricewaterhouseCoopers in Paris in 2004. Sidney holds a Bachelor’s degree from Lyon II University and is a graduate of NEOMA Business School.
Marion Bougel
Marion Bougel joined IVO Capital in March 2018 as General Secretary. She holds a cross-functional role at IVO Capital, overseeing the finance, legal, human resources, and internal control departments. She is also a member of the investment committee for the Litigation Finance funds.
In July 2022, Marion was appointed Deputy Managing Director.
Before joining IVO, she spent seven years at Ricol Lasteyrie Corporate Finance (Ernst & Young). Earlier in her career, she worked for eight years in the Accounting Department of the Autorité des Marchés Financiers (AMF), including three years at the Secretariat of the Committee of European Securities Regulators (now ESMA).
Marion is a graduate of ESCP and holds a chartered accountant diploma.
Romain Lippe
Romain Lippe joined IVO Capital Partners in early 2014 as Head of Development. In March 2022, he was appointed Head of Sales.
He began his career in 2011 within the Equity and Rates Derivatives Sales and Structuring team at J.P. Morgan in London.
Romain holds a Master’s degree in Quantitative Finance (Master 2) and a Master 104 in Banking, Finance, and Insurance from Paris Dauphine University.
Patricia Kaveh
Patricia joined IVO Capital Partners in November 2023 as Director of Development. Prior to that, she served as Sales Director at Crédit Mutuel Investment Managers and as Commercial Director at Banque de Luxembourg Investments. Earlier in her career, Patricia was Director of the French branch of Henderson Global Investors Limited, where she represented the firm at the Autorité des Marchés Financiers (AMF).
She holds a Master’s degree from emlyon business school.
Thomas Peyre, CFA
Thomas Peyre joined IVO Capital in August 2019 as part of the asset management team. He is currently the manager of the IVO 2028 target-date fund and sits on the investment committees of the asset management funds. Previously, he worked in New York as an analyst for an Axa IM hedge fund specializing in US credit and interest rates. He holds a dual Master's degree in Management and Corporate Finance from EDHEC Business School and the CFA designation.
Paul de Servigny
Paul joined IVO Capital in October 2018 as a legal analyst in the Litigation Finance team. Paul primarily focuses on analyzing and monitoring litigation finance transactions. He was appointed manager in September 2021. Paul has been a lawyer admitted to the New York Bar since July 2018 (no. 5613385). He also holds a Master of Laws in French and English Business Law and a Master of Laws in Comparative Business Law from Paris Nanterre University. He also holds an LLM from the University of California, Berkeley.
Agnese Melbarde, CFA
Agnese joined IVO Capital in April 2023 as a portfolio manager, dedicated to IVO fixed income funds. She spent 11 years at Lazard Asset Management in New York as a senior credit manager specializing in bond investments. Agnese has extensive expertise in financial analysis, particularly in companies within the financial and telecommunications sectors in emerging markets. She began her career at T. Rowe Price Group, where she was part of the fixed income quantitative research team focused on emerging markets and high-yield investments. Agnese holds an MBA from Darden School of Business and a double bachelor's degree in mathematics and economics from Kenyon College. She is a CFA charterholder.
Frédéric Salomon
Frédéric joined IVO Capital in May 2025 as a manager in the collective management team, in charge of the Euro credit range.
Before joining IVO Capital, he was one of the founders of Schelcher Prince Gestion, a company he was a member of for over 24 years. He initially served as a portfolio manager, then became head of High Equity and Short-Term Credit Management before becoming head of the Credit Management division in 2019.
Frédéric holds a Master’s degree in Economics from the University of Strasbourg and a Master’s degree in Finance from ESLSCA Paris.
Stéphane Dumas
Stéphane Dumas joined IVO Capital Partners in December 2025 as Head of Risk and Information. He has over 25 years' experience in risk management with leading asset management and banking firms, including HSBC, Schelcher Prince Gestion and Lutetia Capital. He brings in-depth expertise in investment risk, regulatory control and risk governance. He is a graduate of the École Centrale Paris and holds a DEA in modeling and mathematical methods in economics from the Université Paris I Panthéon-Sorbonne.
Tristan d’Antin
Tristan d'Antin joined IVO Capital in 2023 as part of the discretionary portfolio management team. Following several years of experience in finance, he joined IVO Capital Partners to develop the business and offering of diversified discretionary mandates and fixed income management for third parties. Tristan holds a Master's degree in Financial Engineering and is a graduate of the Léonard de Vinci Graduate School of Engineering (ESILV).
Emma Otmani, CFA
Emma Otmani joined IVO Capital in September 2023 as an analyst in the collective investment team. Previously, Emma worked as a credit analyst in emerging markets at PineBridge Investments and Amundi Asset Management in London and Paris. She also completed several internships during her studies, notably at Caisse des Dépôts et Consignations in equity management, at Société Générale in DCM (Debt Capital Management), and at Weinberg Capital Partners in private equity. Emma holds a Master 2 in Asset Management from NEOMA Business School and the CFA designation.
Category: Management/Listed Research
Florian Pelloux
Florian joined IVO Capital in March 2020 to take care of the international development of our funds.
He began his career in November 2013 at MyFunds, developing the French, Belgian, and Luxembourg markets for several international asset managers. He then joined Métropole Gestion in 2018 to cover German-speaking countries, as well as France, Belgium, and Luxembourg.
He holds a Master's degree in Financial Markets and Asset Management from EDHEC Business School.
Alexandre Lercher, PhD
Alexandre joined IVO Capital in March 2023 as a legal analyst. He focuses primarily on the analysis and monitoring of litigation proceedings financed by our funds, and also teaches international contract law and comparative business law at Paris Dauphine University, as well as litigation financing at UPEC and the University of Geneva.
Alexandre holds a doctorate in law and is a member of the bar. He defended his doctoral thesis, entitled "The Influence of Third-Party Funding on International Arbitration Proceedings, or the Financialization of Arbitration," at Paris Dauphine University. He also holds a Master 2 degree in International Business Law from the University of Lorraine, a university diploma in International Business Litigation from UPEC, and an LLM in International Dispute Settlement (MIDS) jointly awarded by the Graduate Institute of International and Development Studies and the Geneva University of Law.
Amina Labjioui
Amina Labjioui joined IVO Capital in March 2019 as administrative and financial manager.
She began her career in 2014, working as a management controller at La Poste for two years as part of a work-study program. She then worked at PwC for three years as a Senior Financial Auditor specializing in investment funds and real estate. Amina holds a Master's degree in Finance, Auditing, and Management from Paris School of Business.
Julio Arantes
Julio Arantes joined IVO Capital in 2025 as an investment professional specializing in emerging markets and social impact investing. He spent over eight years with JP Morgan's Emerging Markets group in São Paulo and New York, first as an analyst and then as Vice President of Corporate Credit Research. During this time, he developed expertise in financial analysis focused on Latin America, particularly in high-yield credit. Julio then worked on developing and implementing social impact investing strategies across various asset classes, aiming to achieve attractive financial returns combined with social impact, and to promote private equity investments in climate solutions that reduce industrial emissions. Julio holds a Bachelor of Business Administration degree from FGV - Fundação Getulio Vargas in São Paulo, Brazil.
Jeremy Landau
Jeremy joined IVO Capital in June 2024 as a senior analyst in the collective investment management team.
Before joining IVO Capital, Jeremy spent over 20 years in finance in New York, including 13 years in hedge funds (LibertyView Capital Management and Millennium) where, as an analyst, trader, and portfolio manager, he was responsible for sourcing, researching, and managing corporate credit investments. He has extensive experience in fundamental analysis of the international high-yield market, including demanding segments of the US high-yield market.
He began his career at Lehman Brothers as a Mergers and Acquisitions analyst. Jeremy graduated cum laude with a Bachelor of Science in Business Administration (Finance and Marketing) from Georgetown University in Washington, DC.
Marin Bourgeois
Marin Bourgeois joined IVO Capital in March 2020 as an analyst in the collective investment management team.
He previously trained in asset management, first as an equity buy-side analyst (Comgest) and sell-side analyst (Kepler Chevreux), then as an analyst in Transaction Services (Deloitte) and Private Equity (Sparring Capital).
He holds a Master's degree in Finance from Toulouse Business School and an MBA in Finance from Laval University in Canada.
Henri Rayot
Henri joined IVO Capital in 2025 as Sales Director for Switzerland.
Henri previously worked at Crédit Agricole CIB in Germany. In 2012, he joined the asset management company SPGP in Paris to help internationalize its investor base. In 2014, as a member of the founding team of Luxembourg-based Dynasty AM, he led business development for a primarily German-speaking European clientele. Henri is Franco-German and fluent in French, English, and German. He is a graduate of NEOMA Business School.
Phoebe Dubois
Phoebe joined IVO Capital in April 2023 as an analyst in the Litigation Finance team. She holds a Master 2 in Business Law - DJCE from the University of Poitiers and a Specialized Master's in Financial Strategies and Responsible Investments from Audencia Business School.
Vadim Lahmi
Vadim joined IVO Capital in March 2023 as an analyst in the Litigation Finance team. Vadim focuses primarily on assessing damages in the cases studied and monitoring the various financing arrangements.
Florian Ouvrier
Florian Ouvrier joined IVO Capital in May 2022 as an investor relations and marketing support specialist. Since November 2022, he has held the position of Investor Relations Manager for France.
He began his career at Natixis Wealth Management as an online stock market assistant, then as a private banking assistant at Crédit Agricole Banque Privée.
Florian holds a Master 2 degree in market finance and wealth management from NEOMA Business School.
Lucas Bourbon
Lucas Bourbon joined IVO Capital in August 2021 as Head of Investor Relations for Independent Financial Advisors in France. He began his career at Allianz Global Investors in sales within the Institutional and Distribution teams; then in 2019 he joined MyFunds as Head of Investor Relations, to develop the distribution and institutional client base in the South of France and Monaco.
He holds a double degree in Banking and Finance / International Trade and a Master's degree in International Economics and Finance from the University of Bordeaux.
Mathieu Quenechdu
Mathieu Quenechdu joined IVO Capital in July 2021 as an assistant portfolio manager/middle office. Since July 2022, he has been responsible for ESG analysis and the application of the responsible investment (SRI) policy within the collective investment team.
Mathieu Quenechdu began his career in 2019 at Sodiaal as an investment analyst and then at PKF International in financial auditing.
Mathieu holds a double Master's degree in Management and International Finance from Rennes School of Business.
Mathilde Tronel
Mathilde joined IVO Capital in June 2025 as a compliance officer. She began her career in compliance and operational control at Société Générale Retail, then joined Sapienta Gestion Asset Management in 2022 as a compliance and internal control lead, to ensure internal control and participate in the company's development on regulatory aspects.
Mathilde holds a dual Master II degree in Compliance/Internal Risk Control and Compliance Officer from IAE Lyon School of Management.
Flore De Lassus
Flore joined IVO Capital in June 2022 as Office Manager.
Previously, Flore worked in a family office as an account manager, and in the cultural press.
A graduate in communication and journalism, she spent 10 years abroad in Brazil and then in China, during which she carried out various writing and communication missions in the luxury and culture sectors.
Nicolas Rodrigues
Nicolas joined IVO Capital in April 2025 as a middle office manager.
Before joining IVO Capital, he spent 2 years at Caceis in Middle Office – Position keeping, a service for management companies.
He holds a master's degree in Money, Banking, and Finance from Panthéon-Assas.
Manuel Gomez
Manuel joined IVO Capital in November 2020 as an intern, first as a sales assistant, then as an analyst in the Litigation Finance team. Manuel joined the Middle Office team in 2022.
Manuel, a Colombian national, holds a Master's degree in Management from IESEG Business School.
Simon d’Hooghe
Simon d'Hooghe joined IVO Capital in May 2025 as a Sales Support member in the sales team. He previously held similar positions at Fidelity International and Edmond de Rothschild Asset Management.
Simon holds a Master 2 in Financial and Banking Techniques, obtained as part of the Banking-Finance Master's program at the University of Paris II Panthéon-Assas.
ACTIVE MANAGEMENT
IVO Capital has developed a framework and management approach that bridges formal process management and hands-on management.
Our human and collective approach to management provides a bulwark against the standardization of investment decisions and gambles.
This translates into a clear framework of investments processes and methodology, empowering managers to express their judgment and identify opportunities.
A Sustainable Approach
We believe that analyzing environmental, social, and governance (ESG) risks enhances our understanding of companies and their long-term performance potential, fully aligning with our fiduciary duties. At IVO Capital Partners, responsible investing means investing in a sustainable future.
Our responsible investment strategy is based on three levers of action.
#1
TARGETED EXCLUSION
We exclude from our investment universe companies and sectors subject to major ESG controversies.
#2
PROACTIVE ASSESSMENT
We exclude from our investment universe companies and sectors subject to major ESG controversies.
#3
SUSTAINABLE COMMITMENT
We help our portfolio companies implement strong ESG practices.







