French different asset supervisor Tikehau Capital has opened its first Hong Kong workplace, because it continues to develop its non-public credit score enterprise in Asia.
The agency has partnered with Hong Kong-based Move Capital, a personal credit score supervisor centered on Asia Pacific actual property debt funding, to “discover co-investment alternatives” within the area.
Tikehau will faucet into its institutional relationships to fund these offers, whereas Move Capital will provide its native networks with an emphasis on traders in Higher China.
Learn extra: Tikehau Capital noticed document inflows in 2023
That is Tikehau’s fourth workplace launch in Asia, together with Singapore, Tokyo and Seoul. Over the previous few months, the agency has entered into quite a few partnerships with Asia-based companies.
In December, the agency introduced a partnership with Union Abroad Financial institution in Singapore, and through the identical month Tikehau’s Tokyo workplace partnered with Nikko Asset Administration. Each of those partnerships are centered on non-public credit score.
Learn extra: Hong Kong moots tax modifications to draw non-public credit score
Earlier this yr, the French asset supervisor partnered with Singapore-based brokerage agency UOB-Kay Hian to launch its debut non-public credit score fund in Asia.
Each companies pledged to speculate $50m (£39.5m) into the technique, which can present financing to mid-sized corporates throughout the Asia-Pacific area.
Tikehau Capital cited knowledge from the Worldwide Financial Fund and Preqin which confirmed that Asia’s non-public credit score market has vital scope to develop.
Learn extra: Tikehau Capital launches Asia non-public debt fund
