Last updated: 07:53 / Tuesday, 18 January 2022
New market segments

BNP Paribas AM Integrates its Private Assets Platform in BNP Paribas Capital Partners

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  • The integration of BNP CP further strengthens its Private Debt & Real Assets investment division, bringing its assets under management to more than 22.77 billion dollars
  • This decision is in line with the firm's line strategy of accelerating the development of its private asset investment strategies
  • The fund of hedge funds business will join the already well established Multi Asset, Quantitative & Solutions business led by Denis Panel

BNP Paribas Asset Management has finalized the integration of BNP Paribas Capital Partners, its specialized alternative multi-management platform including private asset fund solutions, as well as funds of hedge funds and UCITS-compliant hedge funds. The firm thus strengthens its private asset strategy by combining the resources of BNP Paribas Capital Partners, FundQuest Advisor and the multi-asset teams into a single division.

In a press release, the asset manager explains that this decision is in line with its strategy of accelerating the development of its private asset investment strategies. Following the signing of the acquisition of Dynamic Credit Group in September 2020, the integration of BNP CP further strengthens its Private Debt & Real Assets investment division, bringing its assets under management to more than 20 billion euros (22.77 billion dollars).

The closing of this transaction will also allow BNP AM to expand its scope to new market segments within private debt, benefiting from BNP CP's successful development in recent years in specialized debt and impact private equity fund solutions. The fund of hedge funds business will join the already well established Multi Asset, Quantitative & Solutions business led by Denis Panel. This will extend the coverage of its multi asset and FundQuest Advisor teams to liquid alternative funds.

“BNP Paribas Capital Partners' private asset fund investment activities, focused on impact private equity and specialized debt, are very complementary to the direct investment strategies developed within PDRA since 2017.  With the addition of this multi-management expertise, and the recent acquisition of Dutch mortgage specialist Dynamic Credit Group, our private investment platform offers investors an unrivaled breadth and significant scale of private investment solutions with assets under management totaling more than EUR 20 billion", commented David Bouchoucha, Head of PDRA.

Meanwhile, Denis Panel, Head of MAQS, highlighted that the combination of resources coming from BNP Paribas Capital Partners, together with FundQuest Advisor and their multi asset teams "shows BNP Paribas Asset Management’s strong commitment to supporting and developing its absolute return fund of funds business.“

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