Tikehau Capital, a Paris-based manager of private debt and other alternative and liquid strategies, and Tokyo-based T&D Insurance Group agreed to enter into a "business and capital alliance," according to a Tikehau news release.
The news release said T&D Insurance Group has "expressed (its) intention to become a shareholder of Tikehau Capital," which is listed on the Euronext Paris market, through the acquisition of outstanding Tikehau Capital shares.
Spokesman for T&D Insurance and Tikehau declined to provide further details on how big a stake in Tikehau the Japanese insurance company will look to acquire.
Under the agreement, T&D's asset management arm, T&D Asset Management Co., will help to market Tikehau's private debt products to Japanese pension clients at a time of growing interest among those investors in getting exposure to European private markets.
In the news release, Chikahiro Tsuboi, representative director and president of T&D Asset Management, said with growing interest in Europe's alternative asset management sector, "Tikehau Capital is ideally positioned to generate strong growth and create value for our clients in Japan."
Private debt strategies account for €8.7 billion, or 36% of Tikehau Capital's total assets under management of €23.4 billion as of June 30.
