BNP Paribas Asset Management is launching its first evergreen diversified private credit fund.

The fund is being launched under the new European Long Term Investment Fund label (ELTIF 2.0) regulatory framework and gives investors access to European private debt markets in corporate and real assets debt in infrastructure and commercial real estate.

The fund will be managed by BNP Paribas Asset Management’s Private Asset division and is marketed to institutional clients and wealth management distribution channels.

David Bouchoucha, Head of Private Assets, said, “We are proud to be amongst the first market players to participate in the new ELTIF market with an offering that is very diversified across the wide range of private debt investment opportunities, and fully leverages our broad private credit platform as well as privileged access to the wider BNP Paribas Group leading franchises in European credit markets.”

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