BPI France launches €140m private debt fund

The news came with the announcement of a first closing for the fund.

The fund will provide loan, bond and euro private placement (Euro PP) types of financing, scaled over five to eight years. It will be dedicated to both listed and non-listed French SMEs, with an EBITDA included within the €5-15m range.

Investment tickets will range between €4-15m, and will be used mainly to provide growth capital alongside co-investors, but also for buyouts and refinancing transactions.

Furthermore, it will be used to contribute to mezzanine or unitranche debt financing.

BPI said in a statement that some investment opportunities were currently being considered alongside co-investors, with some potential transactions that could be closed by the end of the year.

The fund will be managed by an external trust company advised by BPI's mid-cap and large-cap team, managed by Nicolas Manardo.

People
BPI France – Nicolas Manardo (director mid-cap/large-cap investments); Bertrand Finet (executive director mid-cap/large-cap).

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