Debt

Demand from investors for this type of securities is explained by their attractive risk/return ratio. Indeed, even if yields depend on the issuing bank and the origin of the country, in general this yield offered is higher than that of government bonds issued for the same maturity in the same country.

Springrowth SGR, a wholly-owned subsidiary of Muzinich & Co Ltd., has announced the first close of the Diversified Enterprises Credit Fund (“DECF”), the first parallel lending vehicle to be launched in Italy.

BNP Paribas Capital Partners (‘BNPP CP’), BNP Paribas Asset Management’s specialist in external alternative manager selection, launched an investment programme (known as ‘Special Opportunities’) earlier this year to provide institutional investors with exposure to the European discounted private debt market.

Groupama AM and Tikehau Capital are jointly launching Groupama Tikehau Diversified Debt Fund (GTDDF), an investment vehicle designed for the direct financing of the economy. This new fund, in which the European Investment Fund (EIF) is the anchor investor, is dedicated to financing European and mainly French SMEs.

BNP Paribas Asset Management (‘BNPP AM’) announces the closing of BNPP AM Euro CLO 2018 B.V., a EUR 411.25 million securitisation vehicle that invests in a diversified portfolio of syndicated leveraged loans to European corporates.