LBP AM posts total net inflows of €2.3 billion in 2024

In 2024, LBP AM’s inflows were boosted by the gain of new equity management mandates – conviction-based equities and quantitative management – for two leading French institutional investors, as well as absolute return credit management.

This strategy is popular with large accounts and multi-managers looking for flexible and opportunistic management. In 2024, LBP AM also scored several successes with the launch of new investment solutions: a target maturity bond fund, a unit-linked infrastructure fund and a structured fund distributed to La Banque Postale’s retail customers. 

In unlisted markets, LBP AM accelerated the development of its private assets platform, now structured around the LBP AM European Private Markets brand, with the creation of the Capital Solutions division dedicated to the design and management of customised solutions. Expertise in infrastructure debt and private corporate debt was a major contributor to the strength of inflows. As a result, the LBPAM Midcap Senior Debt fund, which raised €300 million, has revised its fundraising target upwards to €400 million. 

As of 31 December 2024, LBP AM European Private Markets had raised a total of €9.4 billion and invested €8.4 billion in more than 300 transactions since 2012. The LBP AM Group has more than €73 billion in assets under management or distribution.

Emmanuelle Mourey, Chairwoman of the Management Board of LBP AM, said: “We have exciting challenges ahead of us in the fast-moving asset management industry, where demand for competitiveness is high. We intend to strengthen our business development structure in Europe, continue the development of LBP AM European Private Markets and continue to innovate within our product range, for example in absolute performance solutions, unlisted or quantitative smart beta equity management.” 

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* LBP AM Group inflows at constant scope of activities, including La Financière de l’Échiquier.