Asset Management

BNP Paribas AM backs private assets push despite pressures on sector

BNP Paribas AM created a €30bn private assets business last year that now employs over 100 people

'The democratisation of private assets is very real,' said UK chief Roger Miners
'The democratisation of private assets is very real,' said UK chief Roger Miners Photo: Michael Walter/Troika

BNP Paribas Asset Management's UK chief continues to see private assets as an attractive play, despite valuations coming under pressure and a regulatory crackdown. 

Roger Miners told Financial News that client flows this year have been strongest in its money market funds and ETFs  — a trend he sees continuing well into 2024 — but European investors are also continuing to position toward private assets.

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