ao link
Credit Strategy homepage
Intelligence, insight and community
for credit professionals

Dear visitor,
You're reading 1 of your 3 free news articles this quarter

 

Register with us for free to get unlimited news, dedicated newsletters, and access to 5 exclusive Premium articles designed to help you stay in the know.

 

Join the UK's leading credit and lending community in less than 60 seconds.



Register now  or  Login

BNP Paribas Asset Management to launch UK SME direct lending fund

The investment management arm of BNP Paribas is to launch a vehicle offering loans to the UK SME market.

Share on LinkedInShare on Twitter

BNP Paribas UK SME Debt Fund 1 will invest in senior loans to SMEs with an annual turnover of less than £50m, which are originated via BNP Paribas Asset Management’s SME Alternative Financing platform.

 

The bank added the platform uses proprietary big data technology and its balance sheet and infrastructure to provide a source of funding to SME clients.

 

BNP Paribas Asset Management is the investment management arm of BNP Paribas, and as at March 31, 2018, manages €568bn (£506bn) of assets.

 

Stéphane Blanchoz, head of SME alternative financing at BNP Paribas Asset Management, said: “Since the global financial crisis there has been a paradigm shift in the market as new funding models have emerged.

 

"Banks remain a key feature of the SME lending market and investment funds have traditionally been providing financing in the upper end of the mid-market area, while smaller companies are increasingly accessing finance through fintech crowdfunding solutions or peer-to-peer lending. We are targeting SMEs between these two market segments, where there are opportunities for businesses to contribute to UK GDP growth, but where sustainable funding solutions are limited.”

 

Credit Strategy is hosting the Lending Summit at the Hilton London Bankside on November 6, bringing together three conferences that centre on alternative finance, commercial finance and mortgage lending. For information on speaking opportunities, delegate tickets or for sponsorship enquiries call 020 7940 4835 or visit the Lending Summit website.

Share on LinkedInShare on Twitter
Add New Comment
You must be logged in to comment. Login or Register to access enhanced features of the website.

Stay up-to-date with the latest articles from the Credit Strategy team

Credit Strategy

Member of

Get the latest industry news 

creditstrategy.co.uk – an online news and information service for the UK’s commercial and consumer credit industry. creditstrategy.co.uk is published by Shard Financial Media Limited, registered in England & Wales as 5481132, 1-2 Paris Garden, London, SE1 8ND. All rights reserved. Credit Strategy is committed to diversity in the workplace. @ Copyright Shard Media Group