BNP Paribas Securities Services to support real estate strategy

Chenavari Asset Management has selected BNP Paribas’ Securities Services for private capital services following the first closing of its Real Estate Debt Decarbonisation Strategy.

BNP Paribas’ Securities Services business has been mandated to provide a range of private capital services, acting as depositary, registrar, accounting manager and middle office for the asset manager’s newly launched Real Estate Decarbonisation Fund.

BNP Paribas to integrate HSBC’s hedge fund business

The bank will also provide digital reporting capabilities via its CapLink, a next-generation platform for alternative fund managers and investors, to support Chenavari’s ambitions.

With this launch, an initial investment has been made to finance the conversion of an unoccupied office building into new student residences with services and co-living spaces. The majority of financed assets will be located in France.

Decarbonisation – the way ahead for infrastructure

Karine Litou, global deputy head of private capital, securities services at BNP Paribas, commented: “We are proud to support Chenavari’s private capital funds through the strong collaboration of our UK and French expert teams.”

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