New French loan fund for BNP Paribas

Following the launch of its Novo fund five years ago, the asset manager has unveiled a successor to continue backing French mid-market companies.

BNP Paribas Asset Management (BNPP AM), the investment arm of French finance giant BNP Paribas, has launched the open-ended BNP Paribas Novo 2018 fund, a business loan fund that will help French medium-sized companies to expand.

The fund is a successor to the Novo 1 fund, which was launched in 2013.

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