BNP Paribas and Caple make European SME credit capable
BNP Paribas Asset Management (BNPP AM) has acquired a 10% stake in European credit provider Caple, allowing for a partnership to offer alternative credit to European small and medium-sized enterprises (SMEs).
Caple works with institutional investors to offer financing that goes in tandem with traditional bank loans. The platform supports an end-to-end credit application, and if approved, financing takes the form of unsecured loans for five to eight years.
The open architecture platform sources loans across multiple channels in Europe, including banks and fintechs, and distributes them to institutional investors such as pension funds and insurance companies.
The platform will focus on senior unsecured fixed rate loans of between €500,000 and €5 million. The platform will initially target SMEs in the UK, Germany and the Netherlands, before expanding further in Europe.
BNPP AM acquired the stake as part of the establishment of its “SME advanced solutions platform”, a recent initiative by its private debt and real assets investment group.