Fundraiser: BNP Paribas raises €134m

BNP closes a Europe-focused fund of debt funds at around half its target.

BNP Paribas Capital Partners held a final close of its European Special Opportunities Debt Fund on €134 million in early April, the manager announced Wednesday. The fund was targeting €250 million, PDI data show. Structured as a fund of debt funds, BNP’s vehicle commits to funds investing in both performing and non-performing debt and loans of mid-sized companies.

Investors in the fund include European family offices and institutions, the firm wrote in a statement.