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Last updated: March 31, 2026, 8:30 AM ET

Asset Management & Real Estate Strategy

Following BNP Paribas’ acquisition of AXA IM, executive Isabelle Scemama stated that the immediate priority for the newly merged alternatives business involves aligning different capital types across the combined entity. This integration effort contrasts with the measured approach of Japan’s Norinchukin Bank, which is preparing to deploy up to $200 million into overseas real estate by 2026, focusing specifically on value-add diversified funds rather than immediate core acquisitions.