BNP Alternatives AM Unit Capza Raises €1.4 Billion For Fund

The alternative investment firm Capza, which is ultimately owned by BNP Paribas, has raised almost €1.4 billion ($1.7 billion) for a new private credit fund, according to a statement seen by Bloomberg News.

The fund, named Capza Private Debt 7, will provide uni-tranche loans and subordinated debt to small and medium-sized companies across several European countries, Christophe Fritsch, alternative credit head at BNP Paribas Asset Management Alts, said in an interview. “Today, our aim is to reach for the final closing of Capza Private Debt 7 about €3 billion, so only with this first successful closing, we already managed to achieve almost 50% of our final goal,” he added.