Lyxor has announced its four European senior debt funds will be managed by Tikehau Investment Management, subject to regulatory approval.
The deal will see Tikehau Investment Management - the asset management arm of Tikehau Capital - manage the funds, which represent a total AUM of €700m. Lyxor UK's European senior debt operational team will join Tikehau IM in London, which the group said will "ensure a smooth and seamless transition". Though Tikehau IM will act as investment managers of the range, Lyxor will remain its management company and will continue to provide second-level supervision of risks and valuation. Tikehau Capital's leveraged loans and CLO business will increase from €1.9bn to €2.6bn, raising its tot...
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