Regulatory News:
Tikehau Capital (Paris:TKO), the global alternative asset
management group, and Nikko Asset Management, one of Asia’s largest
asset managers, are pleased to announce the signing and launch of
their strategic partnership.
Effective on 25 June 2024, the partnership encompasses three key
components designed to enhance both groups’ global investment
capabilities and presence through a distribution agreement, a joint
venture, and Nikko Asset Management (Nikko Asset Management Co.,
Ltd. together with its subsidiaries) taking an equity stake in
Tikehau Capital:
- The distribution agreement goes into effect immediately,
giving Nikko Asset Management exclusive distribution rights mainly
in Japan, and non-exclusive distribution rights in other selected
Asian markets, for Tikehau Capital's products, including its
European Direct Lending, Private Equity Decarbonization and Private
Debt Secondaries strategies, as well as any other funds deemed
appropriate.
- The joint venture is to be located in Singapore, with
incorporation and submission of a licensing application targeted by
the end of the 2024 calendar year. The launch of the joint venture
is subject to obtaining regulatory approval. The objective is to
jointly develop Asia focused private asset investment strategies,
bringing the best capabilities of the two groups together. This
joint venture aims to efficiently design and launch products to
respond to the growing investor demand for private assets, while
tackling strong secular investment themes. At first, the joint
venture will leverage Tikehau Capital's expertise and track record
achieved in Europe to launch a dedicated investment strategy
focusing on decarbonization in Asia. The products would be
distributed by both groups' global networks.
- Nikko Asset Management is in the process of acquiring an
equity stake in Tikehau Capital. This stake, which will
remain below the first applicable statutory disclosure threshold,
is a significant step in cementing the alliance between both
groups.
Nikko Asset Management, which manages over $240 billion of
assets1, brings to the partnership an extensive distribution and
client service network, an established reputation and a wealth of
experience and market intelligence, enhancing Tikehau Capital's
presence in Japan and across Asia.
Tikehau Capital has steadily expanded its presence in Asia for a
decade, driven by regional coverage, with the opening of several
local offices, and the onboarding of top-tier clients and partners.
This strategic alliance with Nikko Asset Management is a major step
forward in expanding Tikehau Capital’s footprint in Asia, through a
deeper client reach and additional investment capabilities.
Tikehau Capital brings to this partnership a wealth of expertise
and a robust track record in the private markets sector, supported
by a team of seasoned professionals with extensive experience.
Driven by its entrepreneurial spirit, Tikehau Capital aims to be at
the forefront of innovation, notably as a pioneer in the European
mid-market private debt, sustainability and impact, as well as
credit secondaries spaces.
Antoine Flamarion, Mathieu Chabran, Co-founders of
Tikehau Capital, and Bruno de Pampelonne, Chairman of Asia,
declared: "We are thrilled to officially launch our strategic
partnership with Nikko Asset Management. This collaboration marks a
significant milestone for Tikehau Capital in Asia, following 10
years of expansion in the region, with the successive openings of
our offices in Singapore, South Korea, Japan and the upcoming
opening in Hong Kong. With Nikko Asset Management’s extensive
distribution network and market intelligence, combined with our
robust expertise in private markets, we are well-positioned to
enhance our presence and drive growth in this dynamic region.
Together, we are poised to create powerful synergies that will
contribute to redefine the industry landscape in Asia and deliver
exceptional value to our clients."
Stefanie Drews, President of Nikko Asset Management Co.,
Ltd., commented, "We are pleased to enter this groundbreaking
partnership with Tikehau Capital. Investors in Asia are
increasingly looking for private assets, and partnering with an
innovative firm like Tikehau Capital with its distinct advantages
in uncovering such investment opportunities in Europe is a perfect
fit for our own Global Growth strategy. It is also a cultural fit,
as Tikehau Capital also brings a considerable expertise in
investing in decarbonization, which aligns with our commitment to
sustainable investment and stewardship. We look forward to
leveraging Tikehau Capital's expertise and innovation to drive
significant growth and opportunities in the Asian market."
ABOUT TIKEHAU CAPITAL
Tikehau Capital is a global alternative asset management Group
with €44.4 billion of assets under management (at 31 March
2024).
Tikehau Capital has developed a wide range of expertise across
four asset classes (private debt, real assets, private equity and
capital markets strategies) as well as multi-asset and special
opportunities strategies.
Tikehau Capital is a founder-led team with a differentiated
business model, a strong balance sheet, proprietary global deal
flow and a track record of backing high quality companies and
executives.
Deeply rooted in the real economy, Tikehau Capital provides
bespoke and innovative alternative financing solutions to companies
it invests in and seeks to create long-term value for its
investors, while generating positive impacts on society. Leveraging
its strong equity base (€3.2 billion of shareholders’ equity at 31
December 2023), the Group invests its own capital alongside its
investor-clients within each of its strategies.
Controlled by its managers alongside leading institutional
partners, Tikehau Capital is guided by a strong entrepreneurial
spirit and DNA, shared by its 778 employees (at 31 March 2024)
across its 16 offices in Europe, Middle East, Asia and North
America.
Tikehau Capital is listed in compartment A of the regulated
Euronext Paris market (ISIN code: FR0013230612; Ticker: TKO.FP).
For more information, please visit: www.tikehaucapital.com.
ABOUT NIKKO ASSET MANAGEMENT
With US$240.1 billion2 under management, Nikko Asset Management
is one of Asia’s largest asset managers, providing high-conviction,
active fund management across a range of equity, fixed income,
multi-asset and alternative strategies. In addition, its
complementary range of passive strategies covers more than 20
indices and includes some of Asia’s leading exchange-traded funds
(ETFs).
Headquartered in Asia since 1959, Nikko Asset Management and its
subsidiaries employ personnel representing around 30 nationalities,
including approximately 200 investment professionals3. The firm has
a presence through subsidiaries or affiliates in a total of 11
countries and regions. More than 400 banks, brokers, financial
advisors and life insurance companies around the world distribute
the firm’s products.
The investment teams benefit from a unique global perspective
complemented by the firm's historic Asian DNA, striving to deliver
consistent excellence in performance. The firm also prides itself
on its progressive, solution-driven approach, which has led to many
innovative funds launched for its clients.
For more information about Nikko Asset Management and to access
its investment insights, please visit the firm’s homepage.
DISCLAIMER
Non-contractual document intended exclusively for journalists
and media professionals. The information is provided for the sole
purpose of enabling them to have an overview of the transactions,
whatever the use they make of it, which is exclusively a matter of
their editorial independence, for which Tikehau Capital declines
all responsibility. This document does not constitute an offer to
sell securities or investment advisory services. This document
contains only general information and is not intended to represent
general or specific investment advice. Past performance is not a
reliable indicator of future results and targets are not
guaranteed.
Certain statements and forecasted data are based on current
forecasts, prevailing market and economic conditions, estimates,
projections and opinions of Tikehau Capital and/or its affiliates.
Owing to various risks and uncertainties actual results may differ
materially from those reflected or expected in such forward-looking
statements or in any of the case studies or forecasts. Tikehau
Capital accepts no liability, direct or indirect, arising from the
information contained in this document. Tikehau Capital shall not
be liable for any decision taken on the basis of any information
contained in this document. All references to Tikehau Capital’s
advisory activities in the US or with respect to US persons relate
to Tikehau Capital North America.
_______________________________________ 1 As of 31 March 2024. 2
Consolidated assets under management and sub-advisory of Nikko
Asset Management and its subsidiaries as of 31 March 2024. 3
Including employees of Nikko Asset Management and its subsidiaries
as of 31 March 2024.
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version on businesswire.com: https://www.businesswire.com/news/home/20240626675763/en/
PRESS CONTACTS: Tikehau Capital: Valérie Sueur – +33 1 40 06 39
30 UK – Prosek Partners: Philip Walters – +44 (0)7773331589 USA –
Prosek Partners: Trevor Gibbons – +1 646 818 9238
press@tikehaucapital.com
SHAREHOLDER AND INVESTOR CONTACTS: Louis Igonet – +33 1 40 06 11
11 Théodora Xu – +33 1 40 06 18 56
shareholders@tikehaucapital.com
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