BNP Paribas Widens Private Credit Push with New €1 Billion Fund
- BNP Paribas is launching its debut direct-lending fund
- BNP will offer a unitranche combo of senior and junior debt
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The asset management unit of BNP Paribas is looking to raise €1 billion ($1.1 billion) for a new direct-lending fund that targets medium-sized companies.
Unlike the French bank’s other private credit facilities, the latest will offer unitranches — a type of loan that blends senior and junior debt, according to people with knowledge of the matter.