Tikehau Co-Founder Sees ‘Massive’ PE Opportunity in Rising Rates

Sep 19, 2023 | blog

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(Bloomberg) — Tightening monetary situations are making a “massive opportunity” for personal capital suppliers, in keeping with Antoine Flamarion, co-founder of Tikehau Capital.

“It’s going to be super bumpy,” Flamarion advised Bloomberg Television’s Dani Burger in an interview on the IPEM personal fairness convention in Paris on Tuesday.

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Private fairness companies are getting into a brand new period, the co-founder of the French various asset supervisor mentioned, including that central banks have been very fallacious on inflation.  

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With Brent crude topping $95 per barrel for the primary time since November, “there’s no doubt that inflation is impacting our portfolio,” Flamarion mentioned. The agency determined very early to speculate massively in firms uncovered to the power transition, he added.

Rising regulation within the wake of the Silicon Valley Bank and Credit Suisse crises have prompted observers like JPMorgan Chase & Co. chief government officer Jamie Dimon to insist that personal capital suppliers shall be celebrating. The banking system is powerful, Flamarion mentioned.

“Regulators are trying to regulate more and more — is it good, is it bad? It’s happening,” he mentioned, including that it’s harder for firms to borrow cash, so they may flip to non-public capital.

Paris-based Tikehau was based in 2004 by Flamarion and Mathieu Chabran, who each began their careers at Merrill Lynch. Tikehau employed 742 individuals throughout 15 places of work in Europe, the Middle East, Asia and North America as of June 30, in keeping with a current press launch. The agency has €41.1 billion ($43.9 billion) of belongings underneath administration as of June 30.

Tikehau and Altarea SCA introduced in June they’d increase a brand new €1 billion fund to deal with an anticipated extensive liquidity hole in the true property market.

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