The Singapore office is the firm’s first in Asia, though it has been co-investing in the region for ten years, according to a statement. The intention now is to invest directly across its main strategies: principal investing, fixed income, equities and real estate.
Bruno de Pampelonne, who is currently based in the firm’s Paris office, and locally-based Suresh Withana will lead the effort in the region.
De Pampelonne is chairman of Tikehau Investment Management. Formerly he worked at Merrill Lynch Finance in Paris, heading the fixed income business. Prior to that he was at Crédit Suisse First Boston in Paris and Goldman Sachs in London.
Withana will join the firm from Harmony Capital, a Singapore-based Asian special situations firm which he co-founded in 2005.
Withana previously worked in the investment banking division of Merrill Lynch in London where he met Mathieu Chabran, who went on to co-found Tikehau.
Some of Tikehau’s Europe-based executives will also relocate to Singapore together with the hiring of Asian professionals.
Antoine Flamarion, co-founder, said the Asia office will strengthen relationships with key market players “while providing further diversity of product to Asian investors with appetite for global exposure”.
“Singapore was chosen due to its credible regulatory environment and its position as the leading business and travel hub accessing all of Asia including Australasia.”
Tikehau was set up in 2004 by Mathieu Chabran and Antoine Flamarion, who both previously worked at Merrill Lynch in Paris and London focusing on distressed investing and real estate. The firm’s mandate is to invest and manage long-term capital in listed and private equity, credit, and real estate for institutional and private investors.
Tikehau is majority held by its managers, alongside Crédit Mutuel Arkéa, Unicredit and Amundi. According to the firm, it has $5 billion in assets under management.