Capza, the private markets platform owned by BNP Paribas, has raised almost €1.4bn for its latest private credit strategy, Capza Private Debt 7, according to a report by Bloomberg.
The fund will focus on providing unitranche loans and subordinated debt to small and medium-sized companies across multiple European markets. Capza is targeting a final close of around €3bn, with the first close already securing close to 50% of that total.
Capza became part of BNP Paribas Asset Management following the French bank’s acquisition of AXA Investment Managers last year. The strategy has reportedly attracted strong interest from international investors, including from Japan, South Korea, Canada, and the Middle East.
BNP Paribas Asset Management Alts oversees around €135bn in private debt and alternative credit assets.
