BNP Paribas’ Securities Services business has been mandated by PAI Partners, a pre-eminent private equity firm investing in market-leading companies in Europe and North America, to provide depositary bank services for their eighth flagship fund, PAI Partners VIII, representing EUR 7.1 billion.
This new mandate further solidifies PAI Partners’ long-term partnership with BNP Paribas, which already includes global custody, depositary bank and transfer agent services in France.
PAI Partners has over EUR 28 billion of assets under management and, since 1994, has completed over 100 investments across 12 countries and achieved more than EUR 25 billion in proceeds from 61 exits.
With this new mandate, PAI Partners will further benefit from the international leverage, local expertise and integrated offering of BNP Paribas, a leading bank in Luxembourg, helping them to get a consolidated and accurate view of their activities in the market.
Strong cooperation across the BNP Paribas Group’s business lines facilitated a seamless migration of PAI Partners VIII’s assets onto the bank’s depositary bank platform.
Robert van Kerkhoff, Head of Luxembourg, Securities Services, BNP Paribas, commented: “We are delighted to extend our partnership with PAI Partners with the migration of their latest Luxemburg flagship fund, PAI Partners VIII, onto our depositary bank platform. We are committed to putting the unique strengths of our on-the-ground teams’ expertise and integrated set of innovative solutions at the service of PAI Partners’ growth strategy.”
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Press Contacts
Securities Services at BNP Paribas
Arnaud Liziard, Global Head of External Communications
arnaud.liziard@bnpparibas.com
+33 (0)7 70 11 08 07
About Securities Services at BNP Paribas (securities.cib.bnpparibas)
BNP Paribas’ Securities Services business is a leading global custodian providing multi-asset post-trade and asset servicing solutions to buy-side and sell-side market participants, corporates and issuers. With a global reach covering 90+ markets, its custody network is one of the most extensive in the industry, enabling clients to maximise their investment opportunities worldwide. As a pillar of BNP Paribas’ diversified banking model, Securities Services provides asset servicing solutions that are closely integrated with the first-class services of the Group’s other business lines, in particular those of Global Banking and Global Markets. As of 30 June 2024, Securities Services had USD 13.9 trillion in assets under custody, USD 2.8 trillion in assets under administration and 9,155 funds administered.
The information contained within this document (‘information’) is believed to be reliable but BNP Paribas does not warrant its completeness or accuracy. Opinions and estimates contained herein constitute BNP Paribas’ judgment and are subject to change without notice. BNP Paribas and its subsidiaries shall not be liable for any errors, omissions or opinions contained within this document. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. For the avoidance of doubt, any information contained within this document will not form an agreement between parties. Additional information is available on request.
BNP Paribas is a credit institution that is authorised to perform banking activities and investment services under the law applicable in France and is subject to prudential supervision on a consolidated basis by the European Central Bank (ECB), in cooperation with the Autorité de Contrôle Prudentiel et de Résolution (ACPR). As a public listed company and as an investment service provider, BNP Paribas is also in France under the supervision of the Autorité des Marchés Financiers (AMF). Its registered office address is 16 boulevard des Italiens, 75009 Paris, France, and its website is https://group.bnpparibas.
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Services described in this document, if offered in the U.S., are offered through BNP Paribas acting through its New York Branch (which is duly authorised and licensed by the State of New York Department of Financial Services) or BNP Paribas Financial Services LLC, a limited liability company organised under the laws of the State of Delaware; if a securities product, through BNP Paribas Securities Corp., which is a broker-dealer registered with the Securities and Exchange Commission (SEC) and a member of the Securities Investor Protection Corporation (SIPC) and the Financial Industry Regulatory Authority (FINRA); or if a futures product through BNP Paribas Securities Corp., a Futures Commission Merchant registered with the Commodities Futures Trading Commission (CFTC) and a member of the National Futures Association (NFA).
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