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What's New In Investments, Funds? - Morgan Stanley IM, BNP Paribas
Editorial Staff
15 December 2020
Morgan Stanley Investment Management Both funds will be managed by BNPP AM’s infrastructure debt team, part of its Private Debt and Real Assets investment division.
has launched two new debt infrastructure funds: BNP Paribas European Infrastructure Debt Fund II, which will target €500 million ($607.9 million); and BNP Paribas European Junior Infrastructure Debt Fund I, which will target €300 to 500 million
Both funds will be diversified across sectors and will adhere to a rigorous environmental, social and governance-related policy.
The BNP Paribas European Infrastructure Debt Fund II follows a first senior debt fund launched in late 2017, which raised assets of €474 million and is at the end of its investment period.
In the case of the BNP Paribas European Junior Infrastructure Debt Fund I, investments will be in European non-investment grade infrastructure debt offering stable and predictable cash flows.