Tikehau Capital announced on Thursday that it had finalized its strategic partnership in Asia with Nikko Asset Management, one of the largest asset managers on the Asian continent.

The agreement, which takes effect immediately, will give Nikko exclusive distribution rights, mainly in Japan, and non-exclusive rights in other Asian markets, for Tikehau Capital products.

It also provides for the creation of a Singapore-based joint venture by the end of the year, which will focus on the joint development of investment strategies in Asia-focused private assets.

Lastly, Nikko Asset Management intends to acquire a stake in Tikehau Capital, which is expected to remain below the first legal disclosure threshold of 5%.

The alternative asset manager explains that Nikko - which manages more than $240 billion in assets under management - will bring its extensive distribution and client network, reputation and in-depth market knowledge, enabling it to strengthen its presence in Japan and throughout Asia.

Tikehau adds that this collaboration marks an important step in its development in Asia after 10 years of expansion in the region, with successive office openings in Singapore, South Korea, Japan and a forthcoming opening in Hong Kong.

Copyright (c) 2024 CercleFinance.com. All rights reserved.