LONDON, Aug 24 (IFR) - Francois Fillon has been made a partner of Tikehau Capital. The former prime minister of France, who stood as a presidential candidate in this year’s election, will start at the alternative asset manager on September 1.
Tikehau was formed in 2004 by Antoine Flamarion and Mathieu Chabran and now manages €10.3bn across various strategies including private debt and equity funds as well as real estate. Half is invested in private debt vehicles. With Fillon’s appointment Tikehau has 30 partners.
The group wants to make use of Fillon’s experience to help its strategy of expanding internationally. It aims to have €20bn of assets under management by 2020, partly by acquiring other investment managers.
To this end, last month Tikehau raised €702m via a 9-for-23 rights issue run by BNP Paribas, Citigroup and Natixis. Morgan Stanley advised the company on the fundraising, which was not underwritten. (Reporting by Christopher Spink, editing by Julian Baker)