Blackstone is teaming up with Italian insurance coverage agency Generali to launch a brand new personal debt fund for French retail buyers.
It’s the newest in a string of retail-focused personal credit score ventures for Blackstone, which has introduced various comparable partnerships over the previous yr.
In February, the choice asset supervisor partnered with French financial institution BNP Paribas to launch the Blackstone Credit score Privé Europe SC.
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The fund goals to permit French retail buyers to spend money on personal debt by backing mid-sized French corporations.
“Given the present setting, credit score is, specifically, very fascinating given the rise in rates of interest,” mentioned Rashmi Madan, the top of Blackstone’s personal wealth options in Europe, on the time.
“And the risk-adjusted returns of personal credit score have by no means been extra engaging.”
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The next month, Blackstone partnered with Finland’s S-Financial institution to widen entry to its European personal credit score fund by making a feeder fund that might make investments its purchasers’ capital into the Blackstone European Personal Credit score Fund SICAV. The SICAV invests in senior secured loans to massive European corporations.
On the time of that launch, Blackstone hinted that it deliberate to roll out a number of comparable partnerships in Europe this yr, with the goal of creating the fund obtainable to buyers throughout the continent.
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