Investing.com -- France’s Natixis SA is reportedly in discussions to establish a direct lending fund of approximately $1.5 billion. This move would enable the financial institution to venture into the asset class, according to Bloomberg, citing sources familiar with the situation.

The French institution is expected to manage the fund, which is geared towards opportunities such as providing direct loans to highly leveraged companies. This strategy would allow Natixis SA to extend credit beyond its own balance sheet, as per the sources who wished to remain anonymous.

The fundraising endeavor for the fund is projected to conclude in the upcoming months. However, as the process is currently ongoing, the specifics may be subject to change, the sources added.

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