BNP Paribas Asset Management (BNPP AM) has exceeded its €500 mln target for its second senior commercial real estate debt fund, BNP Paribas European Real Estate debt fund II, with more than €700 mln committed to date.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
