Société Générale and Brookfield unite for €10bn private credit fund

Société Générale is set to collaborate with Brookfield for the creation of a €10bn private credit fund, as the French bank aims to expand its alternative asset management business. The partnership will focus on providing financing solutions to companies in need of capital, with a particular emphasis on the real estate sector. This move is part of Société Générale's strategy to diversify its revenue streams and strengthen its position in the asset management industry.