Bnl-Bnp Paribas Private Banking and Wealth Management division has reached an agreement with BlackRock for the distribution of the giant's private equity opportunities ELTIF fund.
The BlackRock Private Equity Opportunities ELTIF offers investors access to an institutional private equity solution within a regulated framework.
The direct co-investment fund invests across private equity disciplines, geographies, sectors, vintages and most importantly private equity sponsors, with a focus on Europe.
Bnl-Bnp Paribas Private Banking and Wealth Management division was launched by the BNP Paribas group in Italy in October last year.
The dedicated unit to private banking and wealth management was aimed at delivering an enriched product and services offering leveraging on BNL's experience and synergies with the Group's corporate and institutional banking division.
It is led by Elena Goitini, who has 25 years' financial experience and joined from the UniCredit Group.