Investment Banking

BNP Paribas eyes move into private credit as leveraged lending dries up

Race to hold on to deal fees comes as banks take major losses on leveraged loans

BNP Paribas’ lending strategy would sit within its investment bank and would likely be a hybrid approach alongside its leveraged finance division
BNP Paribas’ lending strategy would sit within its investment bank and would likely be a hybrid approach alongside its leveraged finance division Photo: Theo Giacometti/Getty Images

BNP Paribas is eyeing a move into private credit, which could provide an alternative source of funding for major M&A deals as traditional bank lending dries up.

The French bank is considering a move into the private credit sector, according to people familiar with the matter. The lending strategy would sit within its investment bank and would likely be a hybrid approach alongside its leveraged finance division, the people added.

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