BNP Paribas Asset Management (‘BNPP AM’) announces the final close of the BNP Paribas European SME Debt Fund III (‘Fund III’), with EUR 741 million, above the initial target of EUR 600 million. The SME Debt Fund III fund finances Small and Medium sized Enterprises (‘SMEs’) and Mid-cap companies in Continental Europe in the form of secured bullet loans. Since its creation in 2016, BNPP AM’s private debt activity helped more than 250 companies develop their business with more than EUR 1.7 billion deployed.
Source: press release sent 18 Sep 2024