French investor Tikehau eyes "commercial collaboration" with Schroders
LONDON, Feb 20 (Reuters) - Tikehau Capital, a French fund with 49 billion euros ($51 billion) under management, said there could be a "commercial collaboration in the future" with Schroders (SDR.L), opens new tab after it acquired a 4% stake in the asset management firm.
"Schroders is probably one of the best remaining global brands ... there may be some commercial collaboration in the future," said co-founder Antoine Flamarion during a call with investors on Thursday, without elaborating further.
The Paris-based firm, which mainly invests in private credit, had bought about 55 million euros ($57 million) in Schroders shares as of December last year, it said on Thursday, and has since become one of the top ten investors in the firm, according to LSEG data.
Tikehau has recently built relationships with other asset managers, including Tokyo-based asset manager Nikko AM to expand in Asia.
A spokesperson for Schroders declined to comment.
"The financial industry is changing very fast, we see a lot of value in the traditional asset management, and that's why we decided to do this financial investment," said Flamarion.
Schroders is one of Europe's largest investment managers, manages about 773.7 billion pounds ($975 billion) of client funds, according to company's filings.
It will present a strategy update and earnings in early March.
The Schroder family remain the largest shareholder in the firm, holding about a 44% stake via investment vehicles, according to the firm's 2023 annual report, the latest available.
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