Investing
SocGen and Brookfield to launch private debt fund
© Reuters. The logo of Societe Generale bank is pictured on an office building in Nantes, France, March 16, 2023. REUTERS/Stephane Mahe/file photo
PARIS (Reuters) – French lender Societe Generale (OTC:) and asset manager Brookfield Corp plan to launch a private debt fund targeting total volume of 10 billion euros ($10.73 billion) over the next four years, they announced on Monday.
Initial seed funding, which will be directed towards the power, transportation and finance sectors among others, amounts to 2.5 billion euros, the companies said.
The fund “will have a positive impact on the real economy”, SocGen Chief Executive Slawomir Krupa said in a press release.
($1 = 0.9319 euros)
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