Paris-headquartered Tikehau Capital and Nikko Asset Management, one of Asia’s largest asset managers, have entered into advanced discussion to form a business and capital alliance, according to an announcement.
The two sides will also set up a joint venture dedicated to Asian private markets investment strategies. Within this partnership, Nikko Asset Management would also acquire an equity stake in Tikehau Capital through acquisitions that could increase over time.
The partnership would involve Tikehau Capital and Nikko Asset Management entering into distribution agreements in Japan and elsewhere in Asia.
The proposed collaboration will deepen Tikehau Capital’s presence in the dynamic Asian market, capitalizing on Nikko Asset Management’s extensive network and established reputation.
“This strategic partnership would be a game-changer for Tikehau Capital in Asia,” said Antoine Flamarion and Mathieu Chabran, co-founders of Tikehau Capital.
“It would not only expand our global footprint but would also align perfectly with our vision of delivering exceptional value and innovation to our clients. The combined strengths of Tikehau Capital and Nikko Asset Management would undoubtedly create synergies that bring added value to the industry landscape in Asia.”
“We have been looking for a strong partner in the private asset space that fits into our strategic global growth plan,” said Stefanie Drews, President of Nikko Asset Management. “Asia is a critically important market for this asset class, and we are delighted that we are now progressing to this stage with a firm of the calibre of Tikehau Capital, with its long history of excellence and innovation.”
Tikehau Capital is a global alternative asset management group with €42.0 billion of assets under management (as of September 30, 2023). The firm 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.
The asset manager is backed by Singapore state-owned investment company Temasek Holdings.
Nikko Asset Management, meanwhile, is one of Asia’s largest asset managers, with $219.2 billion under management as of 30 June 2023.
The firm provides 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).