Capital preservation before yield
No mandate is taken on without a documented plan for protecting the principal first. Yield is the second decision, never the first.
Our Firm · Since 2001
A discretionary fixed income house, built in Luxembourg.
BVF Capital was founded in 2001 by three partners — whose initials lend the firm its name — on a single conviction: that disciplined fixed income, executed with European institutional rigour, is the most reliable foundation for multi-generational wealth.
Our Story
Twenty-five years of capital preservation.
BVF Capital opened its doors on Rue du Fort Bourbon in Luxembourg in 2001 with a small senior cadre, a focused mandate, and a refusal to dilute either. We have grown deliberately — adding a Canary Wharf office in 2014 — while preserving the partnership culture, the long client tenures, and the conservative investment doctrine that defined the firm from day one.
Today the firm advises private and corporate investors across all 27 EU member states, the United Kingdom, Switzerland and the EEA, with discretionary fixed income mandates, corporate term-deposit programmes, and bespoke capital-preservation solutions.
Milestones
A measured trajectory.
- 2001
Founded in Luxembourg
Established on Rue du Fort Bourbon by three founding partners as a discretionary fixed income house.
- 2008
Capital preservation tested
Through the global financial crisis, BVF Capital's conservative posture preserved client capital with zero principal loss across its discretionary mandates.
- 2014
Canary Wharf office
London presence opened to serve institutional and corporate counterparties from the City.
- 2018
Bastien Roussel appointed CEO
Managing Partner promoted to Chief Executive Officer; Frédéric Vasseur continues as Chairman.
- 2024
€400M+ under management
Crossed €400 million in client assets, with a senior cadre of ten partners and directors across two European financial centres.
Operating Principles
Four convictions, held since day one.
Partnership economics
BVF Capital is a partnership. The partners’ own capital sits alongside our clients’ — discipline and incentives are aligned by design.
Quiet by default
We do not advertise. Mandates arrive through introduction, and our client relationships are measured in decades, not quarters.
Regulated, fully and visibly
Luxembourg-domiciled and operating within the CSSF supervisory framework. Every position, fee and accrual is reported transparently every quarter.