Morgan Stanley has acquired an undisclosed minority stake in French asset manager Tikehau Capital Advisors.
The American bank made the investment through its investment vehicle North Haven Tactical Value fund.
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Morgan Stanley participated in French asset manager’s latest equity round in which it raised at least €300m ($335m).
Tikehau Capital Advisors also raised capital from its founders and managers, who will continue to own more than 60% of its share capital.
Morgan Stanley Tactical Value Investing co-head Pedro Teixeira said: “The Morgan Stanley Tactical Value Investing team is pleased to partner with Tikehau Capital Advisors in support of Tikehau Capital SCA’s growth.
“Tikehau Capital is a premier asset manager comprised of seasoned investment professionals with strong investment performance. We look forward to working with Tikehau Capital Advisors’ management to build on Tikehau Capital’s successful platform as they enter an exciting new period of expansion.”
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By GlobalDataIts existing institutional partners Temasek, FFP and MACSF also made additional commitment.
Tikehau said that it will use the proceeds for corporate general purposes and to support its plans for expansion and growth.
Tikehau Capital Advisors founders and co-heads Antoine Flamarion and Mathieu Chabran said: “We are proud to welcome the commitment from our newest shareholder, the North Haven Tactical Value Fund, which is managed by a Morgan Stanley Investment Management team, and to see that our shareholders, Temasek, FFP and MACSF, are reinforcing their ownership in Tikehau Capital Advisors.”
Early this month, reports emerged that Morgan Stanley is planning to cease its banking operations in Russia in the first quarter of next year.
Last month, the American bank appointed Andy Saperstein as the sole head of its wealth management unit as part of a broader reshuffle.
