BNP Paribas Asset Management raises €361m

The firm will manage the CLO fund from its New York- and Paris-based global loans team.

BNP Paribas Asset Management held a final close for its latest CLO fund, BNPP AM Euro CLO 2017, at €361 million.

The securitisation vehicle will target a diversified portfolio of syndicated leveraged loans to European corporates. The fund will be managed by the firm’s New York- and Paris-based global loans team.