Global alternative asset management group Tikehau Capital and Nikko Asset Management have entered into advanced talks to form a business and capital alliance in Asia.
Through the proposed partnership, both parties will enter into distribution agreements in Japan and other regions in Asia.
Tikehau Capital and Nikko Asset Management will also establish a joint venture (JV) focused exclusively on Asian private markets investment strategies.
Besides, Nikko Asset Management will acquire a stake in Tikehau Capital via acquisitions that could increase over time. However, it will remain under the first applicable statutory disclosure threshold, which is 5% of the share capital or voting rights.
As of 30 June 2023, Nikko Asset Management had $219.2bn asset under management. The firm provides high-conviction, active fund management across a variety of equity, fixed income, and multi-asset strategies.
The proposed collaboration is expected to deepen Tikehau Capital’s presence in the Asian market by capitalising on Nikko Asset Management’s network and established reputation.
Nikko Asset Management president Stefanie Drews said: “We have been looking for a strong partner in the private asset space that fits into our strategic global growth plan.
“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.”
Based in France, Tikehau Capital has €42bn of assets under management.
The firm is said to have built a broad array of expertise across four asset classes, namely private debt, real assets, private equity, and capital markets strategies along with multi-asset and special opportunities strategies.
Tikehau Capital co-founders Antoine Flamarion and Mathieu Chabran said: “This strategic partnership would be a game-changer for Tikehau Capital in Asia.
“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 industry landscape in Asia.”
