Tikehau Capital opens HK office amid Asia push
French alternative asset manager Tikehau Capital has opened its first Hong Kong office, as it continues to grow its private credit business in Asia.
The firm has partnered with Hong Kong-based Flow Capital, a private credit manager focused on Asia Pacific real estate debt investment, to “explore co-investment opportunities” in the region.
Tikehau will tap into its institutional relationships to fund these deals, while Flow Capital will offer its local networks with an emphasis on investors in Greater China.
Read more: Tikehau Capital saw record inflows in 2023
This is Tikehau’s fourth office launch in Asia, along with Singapore, Tokyo and Seoul. Over the past few months, the firm has entered into a number of partnerships with Asia-based firms.
In December, the firm announced a partnership with Union Overseas Bank in Singapore, and during the same month Tikehau’s Tokyo office partnered with Nikko Asset Management. Both of these partnerships are focused on private credit.
Read more: Hong Kong moots tax changes to attract private credit
Earlier this year, the French asset manager partnered with Singapore-based brokerage firm UOB-Kay Hian to launch its debut private credit fund in Asia.
Both firms pledged to invest $50m (£39.5m) into the strategy, which will provide financing to mid-sized corporates across the Asia-Pacific region.
Tikehau Capital cited data from the International Monetary Fund and Preqin which showed that Asia’s private credit market has significant scope to grow.
Read more: Tikehau Capital launches Asia private debt fund