BNP Paribas Investment Partners has created an alternatives business called BNP Paribas Capital Partners out of its old private equity unit.
Gilles Guérin will lead the business, which launches with €5 billion of assets under management, advisory or administration for institutional and private clients, and a 25-strong team.
BNP Paribas Investment Partners is one of the largest asset managers in Europe and operates a multi-boutique structure.
Jean-Marc Rivet Fusil will be responsible for the part of the business that manages private equity in a fund-of-funds format, and offers related advisory services.
Eric Debonnet will be responsible for the part of the business that offers fund manager selection. This area has a focus on managers with alternative and absolute return strategies.
Patrick Perez is chief operations officer and head of operational support for private equity funds.
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