Tikehau Capital has signed an agreement to manage the investments of Lyxor’s European senior debt funds.
Under this agreement, Tikehau Capital’s asset management arm Tikehau Investment Management will replace Lyxor UK (Lyxor’s entity in the UK), as investment manager of Lyxor’s four European senior debt funds, with a total of €700 million in assets under management (AuM).
Also, Lyxor UK’s European senior debt operational team will join Tikehau IM in London, under the terms of the deal.
Tikehau Capital said Lyxor will remain the management company of these funds and will continue to provide second-level supervision of risks and valuation.
Mathieu Chabran, co-founder of Tikehau Capital and managing director of Tikehau IM commented: “We are delighted to have signed this agreement with Lyxor, which allows us to expand in the United Kingdom and to continue developing our expertise in leveraged loans and European credit markets.
“We are pleased to welcome Lyxor UK’s European senior debt team to Tikehau Capital and are confident this transaction will allow us to expand this business in an especially supportive low-interest-rate environment.”
Lyxor CEO Lionel Paquin commented: “By remaining the management company of the funds, Lyxor continues to accompany its clients. We are confident that Tikehau Capital, thanks to its well-regarded expertise in European debt markets, will greatly contribute to the quality and future development of this activity. Furthermore, fixed income investments, which benefit from our deeply-rooted innovation and risk management culture, remain an important focus for Lyxor.”