BNP Paribas Asset Management Alts (BNPP AM Alts) has raised €3 billion ($3.5 billion) in capital commitments for its dedicated Enhanced Commercial Real Estate (CRE) Debt fund and discretionary capital to co‑invest through separate vehicles.
Commitments were secured from clients across Europe, Asia Pacific (APAC) and the Americas, comprising a substantial commitment from existing investors alongside new investors to BNPP AM Alts’ CRE Debt platform.
Europe CRE Debt market is well-positioned to deliver attractive returns to disciplined investors. Continued bank retrenchment from European real estate lending, driven by tighter regulatory capital and liquidity requirements, has increased demand for alternative sources of finance, particularly for development and refurbishment projects. Moreover, the COVID‑19 pandemic has accelerated polarization in real asset performance in favor of highly sustainable, Grade A buildings. This has increased capital expenditures (cape
