BNP Paribas Alternative Strategies - (subfund) Diversified Private Credit

BNP Paribas Alternative Strategies - (subfund) Diversified Private Credit is an open-ended ELTIF managed by BNP Paribas Asset Management, domiciled in Luxembourg as a SICAV under the UCI Part II regime and authorised under the ELTIF 2.0 framework. It launched in 2024, is denominated in EUR, and is classified Article 8 under SFDR. The portfolio follows a multi-strategy approach within private debt, combining several private credit sub-strategies in a single vehicle, and is distributed pan-European to both professional and retail investors subject to a minimum subscription of 10,000 EUR.

Liquidity is semi-open rather than continuous. Subscriptions are accepted monthly and the net asset value is struck monthly, while redemptions are processed quarterly with a notice period of 90 days; a soft lock-up applies to early redemptions in the period following subscription. The combination of monthly pricing, quarterly exit windows and advance notice is the mechanism through which the vehicle reconciles a retail-accessible wrapper with the illiquidity of the underlying loan exposures, and it places dealing terms at the more frequent end of the ELTIF range while retaining gating features typical of the format.

Within the Novantigo universe of 494 funds as of 31 Aug 2026, it is one of 148 private debt vehicles, one of 347 funds domiciled in Luxembourg, and one of 108 that sit in both groups, which is the relevant comparison set for fees and scale. Against that set, the management fee of and the all-in cost ratio of are benchmarked on this page, as are reported assets of and the geographic distribution of the portfolio at .