BNP Paribas Asset Management (BNPP AM) announces that it has completed the acquisition of a majority stake in Dutch asset manager and specialist lender Dynamic Credit Group (DCG).
DCG will become part of BNPP AM’s Private Debt & Real Assets (PDRA) investment division, bringing its total AUM to more than EUR20 billion (as at 31 December 2021).
This acquisition is in line with BNPP AM’s strategy of accelerating the expansion of its investment platform, particularly within the strategically important area of private markets, which is also an important growth axis of the BNP Paribas Group’s 2022-2025 Strategic Plan.
Read more: Private equity Wire
