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- Insurers BNP Paribas Cardiff, BNP Paribas Wealth Management and Blackstone are launching a new private asset unit focused on BNP Paribas Life Insurance, capitalization contracts and private credit available within the framework of individual retirement savings plans. Start a link.
- BNP Paribas Wealth Management customers will enjoy exclusive access to this account unit until April 5, 2024.
- With the launch of this service, backed by Blacktone’s strategy and expertise, BNP Paribas Cardiff and BNP Paribas Wealth Management will offer clients access to the types of assets typically reserved for institutional investors. This allows us to enhance the range of private asset products we offer to our clients.
BNP Paribas Wealth Management and BNP Paribas Cardiff have announced a partnership with Blackstone, the world’s largest alternative asset manager, to create a new unit-linked private bond backed unit-linked account, ‘Blackstone Europe Private. “Credit Fund”.
This new support is available exclusively to BNP Paribas customers within the framework of BNP Paribas life insurance, capitalization contracts and individual retirement savings plans.
Available in exclusive early access period until April 5thth In 2024, the Blackstone Europe Private Credit Fund will be available to BNP Paribas Wealth Management clients through an investment fund focused on private debt.
As an evergreen fund1This provides BNP Paribas Wealth Management and BNP Paribas Cardiff’s individual savers with access to these solutions for the first time since they were previously available only to institutional investors.
The Blackstone Europe Private Credit Fund invests in large European companies, allowing investors to benefit from Blackstone’s scale and experience while diversifying their assets through floating rate private debt. It allows you to aim for higher income potential.
Rashmi Madan, Head of EMEA at Blackstone Private Wealth Solutions, said: “We are pleased to partner with BNP Paribas Wealth Management and Cardiff to offer our European private credit strategy to our clients. This initiative will give retail investors access to private markets in France and across Europe. It is part of our mission to expand. France is an important market for us and we are seeing a strong appetite from retail investors to diversify their portfolios to include private markets.”
“We are pleased to launch exclusive access linked to this private debt unit for private clients in France. This allows them to invest in attractive European companies through senior secured loans and diversify their portfolio. “At BNP Paribas Prive, we have solid in-house expertise in private markets and are able to work with best-in-class asset managers like Blackstone.” adds Nicolas Otton, Director of Prive.
“We are pleased with our partnership with Blackstone, which will enable us to expand our private market offering within the scope of life insurance, capitalization and individual retirement savings plan contracts distributed by BNP Paribas Private Banking in France. This new private debt fund underscores our commitment to providing investment solutions that make savings meaningful for customers looking to diversify.” Fabrice Bagnes, Deputy Chief Executive Officer of BNP Paribas Cardiff, said:
Source: BNP Paribas
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