Tikehau takes over management of Lyxor’s senior debt business

Tikehau Capital has reached an agreement with France-based asset manager Lyxor’s UK subsidiary to manage the latter’s European senior debt funds.

The deal will see Tikehau expand its leveraged loans and collateralised loan obligations business from $1.9 billion (€1.7 billion) in assets in management (AuM) to $2.6 billion, bringing the firm’s total AuM to $9.6 billion.

The deal means that Tikehau Investment Management, the asset management arm of Tikehau Capital, will take over from Lyxor UK as the investment manager of Lyxor’s four European senior debt funds, with a total of €700 million in AuM.

As part of the deal Lyxor UK’s European senior debt operational team will join Tikehau in London.

 “This agreement plays to Lyxor’s well-recognised strengths for working in partnership with external asset managers, a field in which we have a nearly 20-year track-record. By remaining the management company of the funds, Lyxor continues to accompany its clients,” said Lionel Paquin, chief executive officer of Lyxor.

©2016 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

LATEST SURVEY

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST