Arts et Biens is a direct investment firm based in Paris, France. Established in 1932 by Pierre Levy, the firm is fucused on private equity investments and specializes in the fund of funds investments and invests in leveraged buy-outs, mezzanine, owner's buy out, mature stage, later stage, turnaround, emerging growth, management buy-ins, management buy-outs, restructuring of distressed companies and shareholder's cash out. The assets of the firm are managed by the board members.