Nikko Asset Management, one of Asia’s largest asset managers, has launched a joint venture with French alternatives manager Tikehau Capital, to develop private asset strategies in Asia.
The new venture – named Tikehau Amova – is based in Singapore, where it was incorporated in 2024 and is currently awaiting regulatory approval.
Read more: Tikehau Capital reports record €7bn fundraising in 2024
A key strategy for the new business will be plans to introduce a dedicated investment strategy focused on decarbonisation in Asia.
Tikehau Amova Investment Management will use Tikehau Capital’s expertise within Asian private debt, coupled with its successful track record in private equity across Europe.
Read more: Tikehau raises €1.2bn for third vintage of special opportunities strategy
Meanwhile, Nikko AM, which has $246.1bn (£195bn) in assets under management globally, will provide its considerable and deeply forged regional market links and insights from across Asia.
The partnership aims to use these complementary features of both firms to build a range of Asia-focused private asset investment strategies, to meet what they say is the growing demand for private assets in the region.
The two companies’ plan to enter into an Asia-focused joint venture was first announced back in June 2024.
