Tikehau Capital and Nikko Asset Management 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.

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.