- Tikehau Capital1 and UOB-Kay Hian to jointly launch an Asia
Pacific Credit strategy to tap Asia’s fast-growing private credit
market.
- This new partnership aligns with Tikehau Capital’s strategic
objective to broaden its presence in the dynamic Asian market,
leveraging UOB-Kay Hian and its established reputation.
Regulatory News:
Tikehau Capital (Paris:TKO), the global
alternative asset management group with c. €17 billion dedicated to
Private Debt strategies, has joined forces with Singapore-based
brokerage firm UOB-Kay Hian (“UOBKH”), the largest stockbroker in
Southeast Asia with over 100 years of operating history in Asia, to
launch a new private credit strategy.
Both sponsors will be contributing US$50 million each in capital
commitments to the strategy, demonstrating strong alignment of
interest with investor clients.
This new private credit strategy seeks to provide financing to
mid-sized corporates across Asia Pacific. The focus will be on
growth, working capital, and refinancing lending to borrowers in
resilient and defensive industries.
Tikehau Capital’s strong global institutional relationships and
extensive track record in the private credit space, combined with
UOBKH’s deep local networks, allow the new private credit strategy
to tap on a unique nexus of sourcing and diligence channels. This
strategic collaboration is in line with Tikehau Capital’s strategy
to continue to expand its global footprint, particularly across
Asia, deepening its presence in a region where it has 10 years of
operating history.
According to data from the International Monetary Fund and
Preqin Pro (2023), Asia’s allocation to private credit remains
under-represented. Compared to Asia’s 36% contribution to global
GDP, Asia comprises only 7% of global private credit assets under
management, representing significant scope for growth of the
private credit market in Asia.
Antoine Flamarion and Mathieu Chabran, co-founders of Tikehau
Capital said: "As Asian markets demonstrate continued robust
growth and positive structural shifts, there is an ongoing demand
among mid-market businesses in the region for funding to enhance
working capital and refinance existing debts. Our partnership with
UOBKH will give Asian mid-market businesses access to alternative
funding sources, whilst simultaneously offering investors a unique
opportunity to engage with private credit as an investment
class."
Bruno de Pampelonne, Executive Chairman of Asia, and
Jean-Baptiste Feat, co-head of Asia at Tikehau Capital added:
"We are pleased to team up with UOBKH. This partnership represents
an important step forward in our development in Asia. We look
forward to the potential synergies that our combined strengths will
unlock in pioneering this private credit initiative and believe
that this will enable us to effectively tap into the burgeoning
demand for private debt amongst Asia's mid-sized enterprises."
Wee Ee Chao, Chairman and Managing Director of UOB-Kay Hian,
commented: "We are delighted to partner with Tikehau Capital, a
global alternative asset manager whose growth and success have been
remarkable. We truly appreciate this partnership and commitment as
we embark on this journey together in leveraging the strength of
our franchises to grow the Asia Pacific Private Credit Fund
Strategy."
ABOUT TIKEHAU CAPITAL
Tikehau Capital is a global alternative asset management group
with €43.2 billion of assets under management (at 31 December
2023).
Tikehau Capital has developed a wide range of expertise across
four asset classes (private debt, real assets, private equity and
capital markets strategies) as well as multi-asset and special
opportunities strategies.
Tikehau Capital is a founder led team with a differentiated
business model, a strong balance sheet, proprietary global deal
flow and a track record of backing high quality companies and
executives.
Deeply rooted in the real economy, Tikehau Capital provides
bespoke and innovative alternative financing solutions to companies
it invests in and seeks to create long-term value for its
investors, while generating positive impacts on society. Leveraging
its strong equity base (€3.1 billion of shareholders’ equity at 30
June 2023), the firm invests its own capital alongside its
investor-clients within each of its strategies. Controlled by its
managers alongside leading institutional partners, Tikehau Capital
is guided by a strong entrepreneurial spirit and DNA, shared by its
758 employees (at 31 December 2023) across its 15 offices in
Europe, Middle East, Asia and North America.
Tikehau Capital is listed in compartment A of the regulated
Euronext Paris market (ISIN code: FR0013230612; Ticker: TKO.FP).
For more information, please visit: www.tikehaucapital.com.
ABOUT UOB-Kay Hian
Backed by the UOB Group, UOB-Kay Hian is one of Asia’s largest
brokerage firms.
Headquartered in Singapore, UOB-Kay Hian is supported by more
than 3,000 professionals and 80 branches worldwide including a
growing network of offices across Southeast Asia, Greater China,
the United Kingdom and North America.
UOB-Kay Hian’s global footprint and strong international
presence have enabled it to feel the pulse of key financial markets
and deliver incisive intelligence across industry sectors and asset
classes.
With more than a hundred years of history and distinction to its
name, it has established itself as a trusted financial partner to a
prestigious client base that comprises institutions, large
corporations, high-net-worth individuals and retail investors.
UOB-Kay Hian is listed on Singapore Stock Exchange, market (ISIN
Code: SG1J21887414). For more information, please visit
https://www.uobkayhian.com/.
DISCLAIMER
This document does not constitute an offer of securities for
sale or investment advisory services. It contains general
information only and is not intended to provide general or specific
investment advice. Past performance is not a reliable indicator of
future earnings and profit, and targets are not guaranteed.
Certain statements and forecasted data are based on current
forecasts, prevailing market and economic conditions, estimates,
projections and opinions of Tikehau Capital and/or its affiliates.
Due to various risks and uncertainties, actual results may differ
materially from those reflected or expected in such forward-looking
statements or in any of the case studies or forecasts. All
references to Tikehau Capital’s advisory activities in the US or
with respect to US persons relate to Tikehau Capital North
America.
_________________
1 Through Tikehau Investment Management Asia
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version on businesswire.com: https://www.businesswire.com/news/home/20240227835887/en/
PRESS Tikehau Capital: Valérie Sueur – +33 1 40 06 39 30
Singapore - Sandpiper Communications: Winston Choo – +65 6592 2883
UK – Prosek Partners: Philip Walters – +44 (0) 7773 331 589 USA –
Prosek Partners: Trevor Gibbons – +1 646 818 9238
press@tikehaucapital.com
SHAREHOLDER AND INVESTOR Tikehau Capital: Louis Igonet – +33 1
40 06 11 11 and Théodora Xu – +33 1 40 06 18 56
shareholders@tikehaucapital.com UOB-Kay Hian: Charles Ng - +65 6590
6226 - charlesng@uobkayhian.com
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