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Tikehau Capital, South Korea
Tikehau Capital, the France-based alternative investment management group, has added to its South Korea presence after obtaining a private equity general partner licence to target institutional clients. 

The move comes five years after the firm set up an office in Seoul.

With this GP licence in place, Tikehau Capital can introduce its private market investment capabilities into the country, the firm said in a statement yesterday.  

Over the past half decade, more than 15 South Korean investors have committed to Tikehau Capital’s private debt funds, with total capital commitments of more than €500 million ($500.21 million).

Among recent changes, Simon Jeong joined the firm as senior advisor at the end of 2021, after working for more than 20 years in the asset management arm of Samsung Life Management Insurance Co.

Backers of Tikehau include strategic shareholders and partners such as Temasek, T&D and City Developments Limited. In 2019, Tikehau Capital joined forces with CDL, one of the main Singaporean real estate developers. In 2016, it took a majority stake in IREIT Global Group and a minority stake in IREIT Global, a real estate investment trust listed in Singapore which focuses on the European real estate market. In 2021, it entered into a strategic partnership with Foundation PE, a founder-operated private equity player which specialises in delivering innovative secondary solutions to GPs and LPs across Asia.