LBP AM’s private opportunities fund has raised €235m (£202m) since its launch in December last year, it announced today.
The fund, which aims to offer investors privileged access to unlisted companies through a balanced, diversified private assets portfolio, is now open for wider distribution.
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After an initial marketing phase within La Banque Postale group’s network, the fund is now being onboarded with insurers, distributors of savings products and private bank partners in France and will be available across Europe by next year.
The fund invests in several unlisted asset classes across Europe, including corporate private debt, private equity and infrastructure, equities and debt. It is open to those with a minimum of €100 to invest.
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The portfolio uses an open architecture approach, consisting of funds managed by recognised external asset management companies and by the LBP AM European private markets platform.
“The success of LBPAM Private Opportunities confirms the positioning of our turnkey solution, which offers investors optimum diversification and simplified access to private markets,” said Irène d’Orgeval, head of capital solutions at the business.
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