AXA IM and BNPP AM are progressively merging and streamlining our legal entities to create a unified structure. Whilst this is ongoing, we will continue to operate two seperate websites both branded BNPP AM. Learn more. 

Timothée Rauly

Global Co-Head of Real Estate, BNP Paribas Asset Management Alts

Global Co-Head of Real Estate, BNP Paribas Asset Management Alts

Member of Management Board of BNP Paribas Asset Management Alts

Timothée is Global Co-Head of Real Estate at BNP Paribas Asset Management Alts, the alternative investments platform of BNP Paribas Asset Management. BNP Paribas Asset Management Alts (“BNPP AM Alts”) is the largest alternatives asset manager in Europe and a global leader, with approximately €300 billion in assets under management across Real Estate, Infrastructure, Alternative Credit and Private Equity. With a 30+ year track record, BNPP AM Alts has built a reputation as a pioneering and innovative asset manager, combining an entrepreneurial investment culture with strategic discipline.

BNPP AM Alts has an established position in real estate equity (#1 real estate investment manager in Europe, #7 worldwide)1 and debt (#1 CRE debt capital raiser globally)2.

As Global Co-Head of Real Estate, Timothée oversees the sourcing, selection and execution of transactions under-taken each year on behalf of clients. He is a member of the Management Board of BNPP AM Alts and, since 1st January 2026, is also Global Co-Head of Investment Management (REIM).

Prior to this, Timothée was Co-Head of Fund Management. He joined BNPP AM Alts (formerly “AXA IM Alts”, which later became BNPP AM Alts following the acquisition of AXA IM by BNP Paribas in July 2025) in 2006 to take the responsibility of investment into Commercial Real Estate Mortgage Loans. After that, Timothée was Head of CRE Finance, where he oversaw investments of over €10bn into private and public commercial real estate debt (mortgage loans, bonds, hybrid capital, securitization) as well as real estate funds with a variety of instruments (direct real estate, property bonds and stocks). He most recently held the position of Head of Funds Group.

Previously, Timothée was deputy group treasurer of Unibail (a major European property company) in charge of a c. €3.5bn debt portfolio management, rating agencies relationships, and financial markets operations. He has over 22 years of industry experience.

Timothée graduated from HEC Paris in 2003 with a degree in Economics. 

  • Highest-ranked Real Estate Manager in the European Union according to IPE’s Global Top 150 Real Estate Investment Managers, based on total value of real estate assets under management, November/December2025. Ranked 7 globally.
  • PERE Real Estate Debt (RED) 50, May 2025. Ranking based on capital raised for the purpose of real estate debt issuance between 1 January 2020 and 31 December 2024.

    Sources:

    Source: BNP Paribas Asset Management Alts data (unaudited) as at 30 June 2025

    The references to league tables and awards are not an indicator of future performance or places in league tables or awards. 

    AXA IM and BNPP AM are progressively merging

    AXA IM and BNPP AM are progressively merging and streamlining our legal entities to create a unified structure

    AXA Investment Managers joined BNP Paribas Group in July 2025. Following the merger of AXA Investment Managers Paris and BNP PARIBAS ASSET MANAGEMENT Europe and their respective holding companies on December 31, 2025, the combined company now operates under the BNP PARIBAS ASSET MANAGEMENT Europe name.