BNPP AM raises €700m for second real estate debt fund
BNP Paribas Asset Management (BNPP AM) has raised more than €700m for its second senior commercial real estate debt fund. The manager said the amount raised for BNP Paribas European Real Estate Debt Fund II, exceeded the fund’s €500m target. Fund II’s predecessor closed in April 2021, with €335m of capital now fully deployed across 12 assets in continental Europe. The fund has so far been deployed across 19 transactions in Continental Europe, in the logistics, office and residential sectors...