French asset managers Groupama Asset Management and Tikehau Investment Management have signed an industrial partnership agreement that encompasses management delegations, the creation and launch of co-branded products as well as distribution deals.
This partnership will enable both companies to expand their fund offering and to propose each other’s strategies to their respective clients.
Tikehau IM is part of financial group Tikehau Capital and focuses on alternative, private debt, non-listed and real estate strategies while Groupama AM remains the asset management arm of French insurer Groupama and tallies a number of expertises such as absolute return, asset allocation, long-only equity and fixed income strategies.
Groupama AM’s chief executive officer Philippe Setbon said this agreement with Tikehau IM is fully in line with the manager’s development plans. Setbon added the firm seeks to consolidate its organic growth and to find new sources of growth.
Thomas Friedberger, CEO and co-CIO of Tikehau IM, commented: “Management expertises and investor bases of Tikehau IM and Groupama AM are complementary. This partnership aims at offering an enlarged fund range to investors while pursuing our focus on our existing resources in origination, analysis and portfolio management over our four current business lines, all seeking to finance real economy.”
Tikehau Capital manages €11.1bn of assets and Groupama AM’s AUM totalled €101.5bn as of end September 2017.