CAPZA, a unit within BNP Paribas Asset Management Alternatives (EURONEXT:BNP), has completed the first close of its CAPZA Private Debt 7 fund, securing nearly 1.4 billion euros in initial commitments. The firm framed the result as a notable step for its private debt platform.
The monies raised to date amount to more than half the capital amassed for CAPZA Private Debt 6, the preceding vehicle, underlining the pace and scale of early investor interest in the new fund. CAPZA described the outcome as a strategic milestone for its private debt teams.
According to CAPZA, the first close reflects continued market appetite for the firm's private debt strategy, which the firm says is underpinned by more than 20 years of track record.
Investor composition at the first close included both long-standing partners who renewed commitments and new investors joining the fund. CAPZA reported that over 30% of the total commitments at this stage originated from international markets, specifically naming Germany, Belgium, Italy, Japan and the Middle East as contributors.
The firm indicated that strengthening its footprint across these international markets remains part of its expansion strategy. The first close therefore serves both as capital formation for the new vehicle and as an element of CAPZA's broader plan to deepen its global presence.
CAPZA's announcement did not disclose target final close size, timing for further closes or detailed allocation of commitments by investor type beyond the headline geographic note. The initial close was presented as an affirmation of investor interest and of the firm's multi-decade investment record.
Market participants and observers of private credit allocation will watch subsequent closes to see how the fund progresses toward its final size and how the mix of investors evolves beyond the first-close composition.