Key features
A portfolio of resilient, income-generating real estate assets
ESG integration and Solvency II friendly
A unique sourcing opportunity through BNP Paribas’ real estate franchise
Investment philosophy
We seek to provide a unique value addition to investors’ private debt allocations, achieved through a distinctive ability to originate assets through deep knowledge and a strong network, a disciplined investment process, and the capacity to customise our solutions to client needs. Our focus on ESG enables a sustainable approach and positive impact.
Investment process
Our Real Estate Debt strategy follows a disciplined bottom-up process based on rigorous credit analysis and cash flow sustainability. Key steps include:
- Origination: opportunity sourcing using deep working relationships with key real estate players and privileged access to BNP Paribas Group’s origination channels, followed by rigorous credit and sustainability analysis
- Portfolio construction: Investment Committee approval and deal execution
- Continuous monitoring: portfolio monitoring and risk management
Team and resources
Our Real Estate Debt team is based in Paris. Christophe Montcerisier, who has more than 29 years of industry experience, leads the team.
The team has extensive experience originating, structuring and managing real estate deals across multiple sectors. They benefit from access to our wider Private Debt and Real Assets (PDRA) investment group, global trading and risk management platform, Sustainability Centre, Quantitative Research Group, Macro Research team and BNP Paribas Group’s real estate franchise.
Private assets are investment opportunities that are unavailable through public markets such as stock exchanges. They enable investors to directly profit from long-term investment themes and can provide access to specialist sectors or industries, such as infrastructure, real estate, private equity and other alternatives that are difficult to access through traditional means. Private assets do, however, require careful consideration, as they tend to have high minimum investment levels and may be complex and illiquid.
Past performance or achievement is not indicative of current or future performance.
- Any views expressed here are those of the author as of the date of publication, are based on available information, and are subject to change without notice. Individual portfolio management teams may hold different views and may take different investment decisions for different clients. This document does not constitute investment advice.
The value of investments and the income they generate may go down as well as up and it is possible that investors will not recover their initial investment. Past performance is not a guide to future performance.
Investing in emerging markets, or specialised or restricted sectors, is likely to be subject to a higher-than-average volatility due to a high degree of concentration, to greater uncertainty because less information and/or less liquidity is available or due to greater sensitivity to changes in market conditions (social, political and economic conditions).
Some emerging markets offer less security than the majority of international developed markets. For this reason, services for portfolio transactions, liquidation and conservation on behalf of funds invested in emerging markets may carry greater risk.
- Investing in emerging markets, or specialised or restricted sectors is likely to be subject to a higher-than-average volatility due to a high degree of concentration, greater uncertainty because less information is available, there is less liquidity or due to greater sensitivity to changes in market conditions (social, political and economic conditions).
Environmental, social and governance (ESG) investment risk: The lack of common or harmonised definitions and labels integrating ESG and sustainability criteria at EU level may result in different approaches by managers when setting ESG objectives. This also means that it may be difficult to compare strategies integrating ESG and sustainability criteria to the extent that the selection and weightings applied to select investments may be based on metrics that may share the same name but have different underlying meanings. In evaluating a security based on the ESG and sustainability criteria, the Investment Manager may also use data sources provided by external ESG research providers. Given the evolving nature of ESG, these data sources may for the time being be incomplete, inaccurate or unavailable. Applying responsible business conduct standards in the investment process may lead to the exclusion of securities of certain issuers. Consequently, (the Sub-Fund's) performance may at times be better or worse than the performance of relatable funds that do not apply such standards.
