BNP Paribas Asset Management Alts (BNPP AM Alts) has secured €3bn in capital commitments for its Europe commercial real estate debt strategy, with backing from new and existing clients across Europe, APAC and the Americas.
The manager said the capital has been raised for its Enhanced Commercial Real Estate (CRE) Debt fund, alongside discretionary capital for co-investment through separate vehicles.
The strategy will target a loan portfolio with ticket sizes between €50m and €500m, focused primarily on the UK, Germany and France, with further allocations across Southern Europe, Benelux and the Nordics.
BNPP AM Alts said investments will span the industrial, logistics, residential and alternative sectors, alongside offices, retail and hotels.
Timothée Rauly, global co-head of real estate at BNP Paribas Asset Management Alts, said: “Over the past two decades, BNPP AM Alts’ pan-European CRE debt platform has continually delivered strong through-cycle returns for clients.
“As real estate debt has become a key component of insurers’ debt strategies and, more broadly, a key component of asset-based finance portfolios, we believe our dedicated enhanced CRE debt vehicle is positioned on a segment that will continue to offer a compelling investment, even in the current geopolitical situation.”
Antonio de Laurentiis, global head of real asset finance at BNP Paribas Asset Management Alts, said: “Having secured a significant volume of fresh commitments into the CRE debt sector via a range of vehicles, our goal now is to deploy this capital in a highly disciplined and selective way, as polarisation of the market requires it.
“In this context, having local teams and a real recognised development expertise is appreciated by both borrowers and investors. Leveraging our pan-European network of experts and research-driven origination strategy, which ensures loans are held against institutional-quality assets across a variety of high-growth asset classes, we are confident in our ability to continue to deliver outcomes aligned with our clients’ objectives.”
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