BNP Paribas Asset Management (BNPP AM) has expanded its private debt range with the launch of a UK SME Debt fund, offering investors access to the lending market for small and medium UK businesses.
The fund will invest in senior loans to SMEs that have an annual turnover of less than £50m, originating from the BNPP AM SME Alternative Financing platform. The money will provide SMEs with access to sustainable and complementary sources of funding. BNP Paribas AM unveils absolute return strategy The firm has already acquired a 10% stake in alternative SME credit specialist Caple and announced a strategic alliance with specialist UK fintech lending platform CODE Investing, to assist in the origination of these loans. Stephane Blanchoz, head of SME Alternative Financing at BNP...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
