BNP Paribas is betting that Europe’s private credit boom has room left to run with the continent’s huge financing needs set to draw retail investors and wealthy clients to the sector.
The French bank outlined goals on Tuesday to increase net inflows to its €1.6tn asset management arm by a cumulative €350bn in the years to 2030, driven in part by its alternative assets business. Alternative assets include private debt, real estate and infrastructure investments.
Investors have in recent weeks rushed to withdraw money from some US private credit funds over concerns about their exposure to software companies and about wider underwriting standards.