BNP Paribas alts AUM rises to €300bn
BNP Paribas’ acquisition of AXA Investment Managers has lifted its alternative portfolio’s assets under management (AUM) to €300bn (£262.6bn) in the third quarter of 2025.
The French bank completed its purchase of AXA’s investment arm in July, “expanding its footprint in private markets”.
Following the integration, BNP Paribas said its alternative assets AUM had jumped to €300bn, with the third-quarter report noting that the acquisition provided “further momentum in launching alternative funds”. The bank also cited alternative assets, including private credit, as a key growth driver this year.
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The deal has pushed the group’s total AUM to €2.39tn, up 74 per cent compared with December 2024. This figure includes AXA IM’s €867bn in assets.
BNP Paribas reported quarterly revenues of €12.6bn, up 5.3 per cent year-on-year. Net profit came in at €3.04bn, a six per cent rise on the previous year, although slightly below analysts’ consensus of €3.09bn. The shortfall was attributed to integration costs linked to the AXA IM deal, totalling €690m, and higher provisions for bad loans.
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Despite this, BNP Paribas reaffirmed its 2025 net income target of more than €12.2bn and maintained its medium-term growth outlook. The bank also recorded inflows of €60.5bn during the quarter.
“Our results are in line with our 2025 net income target of more than €12.2bn and with our 2026 growth trajectory,” said chief executive Jean-Laurent Bonnafé. “The third quarter was highlighted by the integration of AXA IM, providing the group with a lever of strategic transformation and enabling us to become a leader in asset management.”
