French alternative asset manager Tikehau Capital Partners has appointed Neil Parekh as its head of Asia, Australia and New Zealand, the Paris-listed firm said in a statement on Tuesday.
Parekh joins Tikehau Capital later this year from National Australia Bank, where he serves as General Manager for Asia, responsible for business, regulatory and governance matters for the bank’s regional business. He has more than 30 years of global experience in the financial services industry in the Asia Pacific, US and Europe.
Tikehau Capital is an asset management and investment group with €25.8 billion of assets under management and shareholder equity of €3.1 billion, as at 31 December 2019. It counts Singapore’s Temasek Holdings as one of its institutional investors after the state-owned investor picked up a 5 per cent stake in the investment firm for 94 million euros in 2016.
The firm invests in various asset classes, including real estate, private equity, and private credit. Its investments include Singapore-listed commercial real estate investment trust IREIT Global.
In 2018, Tikehau Capital partnered with healthcare consultancy Sprim to launch a Singapore-based venture capital fund for early-stage investments.
In May last year, Tikehau Capital achieved the first close of its debut fund-of-funds in Asia at $100 million. The firm was targeting a $150 million corpus by mid-2020.
Tikehau Capital opened its Singapore office in 2014, followed by an office in Seoul in 2017, and Tokyo last year.