Fund Management
What's New In Investments, Funds? – BNP Paribas AM, Infrastructure Debt
The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.
BNP Paribas Asset Management
BNP
Paribas Asset Management said its latest infrastructure debt
fund has held a first close, drawing in €280 million ($306
million) of commitments.
Called BNP Paribas European Junior Infrastructure Debt Fund II,
it follows the first vintage of this junior infrastructure debt
fund, which has invested more than €300 million in several dozen
European infrastructure projects.
After the deployment of Junior I, this new vehicle will apply the
same financing policy and support the energy transition, green
mobility and digital infrastructure projects, the asset manager
said.
The fund invests in sub investment grade infrastructure debt, in
a diversified manner, with a preference for operational
assets offering regular coupons and attractive returns.
Investments are also checked against ESG analysis.
BNP Paribas AM said the new fund seeks a target size of between
€500 million and €750 million and a hard cap set at €1 billion.
The weighted average maturity amount target is between six and
eight years.
The new fund is managed by the private assets business unit at
BNPP AM which, under the management of David Bouchoucha, has more
than 100 professionals and more than €40 billion of assets under
management and advice as of March 2024.
