Paribas' merchant banking group has created a new special- purpose investment fund to focus on noninvestment-grade bank loans, high- yield bonds, and private mezzanine debt.

Paribas Capital Funding LLC has an initial capitalization of $750 million, with approximately $250 million of investments. Paribas Merchant Banking Group will be the portfolio manager.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.