<article>French asset management company <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=BNP">BNP Paribas</a> will take a minority take in a JV it has set up with Asian private equity and realty <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Orion+Partnes">Orion Partnes LP</a>, the companies <a style="color: #000080;" href="http://www.bnpparibas.com.sg/en/2016/01/07/bnp-paribas-investment-partners-and-orion-partners-announce-strategic-partnership-in-asia-alternative-investments/">announced.</a></article>

French asset management company <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=BNP">BNP Paribas</a> will take a minority take in a JV it has set up with Asian private equity and realty <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Orion+Partnes">Orion Partnes LP</a>, the companies <a style="color: #000080;" href="http://www.bnpparibas.com.sg/en/2016/01/07/bnp-paribas-investment-partners-and-orion-partners-announce-strategic-partnership-in-asia-alternative-investments/">announced.</a>
The strategic partnership will see <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=BNP+Paribas+Investment+Partners">BNP Paribas Investment Partners (BNPP IP)</a> &#8211; the asset management arm of BNP Paribas), through its alternative and incubation specialist BNP Paribas Capital Partners (BNPP CP) acquire a minority stake in JV with Orion, and this new entity will be based in Hong Kong.
This JV plans to develop and launch new funds to meet growing client demand for Asia-focused alternative investment funds, the companies added. But it won&#8217;t have an impact on Orion, which has $1 billion in assets under management, and it will continue to operate independently outside this JV under its current leadership, the companies clarified.
Justifying the JV, both parties said they believed there was &#8220;tremendous opportunity to provide these various alternative investment products to retail and institutional investors throughout the world using BNPP IP’s platform and global distribution capabilities and Orion Partners’ local specialist expertise&#8221;.
Gilles Guerin, CEO of BNPP CP, commented: “The partnership with Orion Partners provides us with an excellent opportunity to broaden our exposure to fast growing alternative investment opportunities in Asia, managed by a leading Asian-based and Asian-focused firm. Having worked closely together for more than 10 years to develop and distribute some of their products to institutional investors across the globe, we value their expertise and excellence in the creation and protection of value for their clients.”
“Orion Partners has had a strong long-standing relationship with BNPP IP and it is the perfect partner to enhance our specialist alternative investment business through product innovation and access to premier international distribution channels,” said TK Chiang, Managing Partner and co-founder of Orion Partners.
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BNP Paribas Investment Partners takes stake in Asian alternatives manager

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BNP Paribas Investment Partners takes stake in Asian alternatives manager

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