Tikehau Capital, the French alternatives specialist, posted its bid for a more significant presence in Asia. Investment Europe reported that they are looking to establish their presence further through offices in Singapore and Seoul and a new office in Tokyo. The Singapore office has two regulated asset management offices composed of an employee team of 16 people.
These two companies have partnered with Tikehau Capital in the latter's pursuit of creating developments in the city. They are City Developments Limited (CDL), a Singapore-listed real state operating company, and Ireit Global Group Pte. Ltd, the management team of Ireit Global. Ireit Global is a European real estate investment trust listed in Singapore.
CDL maintains a global network of 103 locations across 29 countries and various regions. The real estate company relies on its 55 years of expertise dealing with real estate developments, investments, and management in the island-state of Singapore. It has key operations in Australia, China, Japan, and the United Kingdom.
In preparation for the deals, perhaps, Tikehau Capital made some moves, the most important of which appears to be a change in leadership. PE Hub reported that Nithin Johnson had been named Executive Director of Business Development in New York. Johnson will be supporting Tikehau Capital's North American branch through leadership focus on the firm's relationships in the area.
Johnson had been previously connected with Citigroup, where he was assigned to the New York HQ ever since 2010. From 2013 he was connected as Head of Americas for International Fund Distribution (IFD), the bank's private markets fund placement arm. His responsibilities included curation fo global funds and handling institutional investor's private properties.
Tim Grell, the Head for the firm's North American office, said that Nitnin was a welcome addition to the New York team. His industry expertise was extremely valuable, according to the executive, and that his market knowledge will be a vital addition as the firm continues to create differentiated investment expertise to potential clients as well as newly-added ones.
The Tokyo office's creation is in line with the 'globalization' strategy of the firm, in connection with the listing of the office as well. Tikehau Capital is creating an economic foothold to gain 'greater proximity' within Japan and with its financial institutions, most of which have been diversifying to include European private assets.
