Japan’s Nikko Asset Management will strengthen its alternatives capabilities via a partnership with Paris-based Tikehau Capital.
Nikko Asset Management and Tikehau Capital have entered advanced discussions to form a strategic partnership, according to a statement. The tie-up will involve a distribution agreement in Japan and elsewhere in Asia, the establishment of a joint venture dedicated to private markets investment strategies and Nikko Asset Management’s acquisition of an equity stake in Tikehau Capital.
According to a statement by Tikehau Capital, the Japanese asset manager’s stake could increase over time but will remain below the statutory disclosure threshold of 5 percent of share capital or voting rights.
Asia Demand
According to Nikko Asset Management president Stefanie Drews, the region is a key market for private markets.
«We have been looking for a strong partner in the private asset space that fits into our strategic global growth plan,» Drew said in the statement. «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 caliber of Tikehau Capital, with its long history of excellence and innovation.»
As of 30 September 2024, Tikehau Capital had 42 billion euros ($44.4 billion) in assets under management (AUM). At Nikko Asset Management, it has $219.2 billion in AUM.
