BNP Paribas creates €30bn unit dedicated to private assets
BNP Paribas has created a new business unit within its investment and protection services (IPS) division dedicated to private asset management.
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BNP Paribas has created a new business unit within its investment and protection services (IPS) division dedicated to private asset management.
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<p><span>BNP Paribas Asset Management (‘BNPP AM’) announces that it has completed the acquisition of a majority stake in Dutch asset manager and specialist lender Dynamic Credit Group (‘DCG’). DCG will become part of BNPP AM’s Private Debt & Real Assets ('PDRA') investment division, </span><span>bringing its total AUM to more than EUR 20 billion (as at 31 December 2021).</span></p>
<p><span>BNP Paribas Asset Management (‘BNPP AM’) announces that it has finalised the integration of BNP Paribas Capital Partners (‘BNPP CP’), its specialised alternative multi-management platform including private asset fund solutions, as well as funds of hedge funds and UCITS-compliant hedge funds.</span></p>