Nikko AM launches LBO fund
Nikko Asset Management has launched a new leveraged buyout (LBO) fund in Australia, the Nikko AM Australian LBO Loan Fund (LBO Loan Fund).
The $300 million fund, which was established on behalf of a cornerstone Japanese institutional investor, would invest in syndicated bank loans supporting leveraged buyouts of Australian businesses, backed by private equity.
The new fund would be managed by senior portfolio manager, loans and credit, Leo Leslie.
The launch of a new fund would also enable the company to “harness its expertise in specialist credit”, it said.
Nikko AM Australia’s managing director, Sam Hallinan said: “We are excited to be able to establish this private debt capability in Australia, which recognises a strong demand from institutional investors who want to access the return profile of private markets.
“Nikko AM has developed a leadership position in specialist credit over many years and the new LBO fund will enable us to tap this expertise and continue this momentum.”
AUTHOR
Oksana Patron
Recommended for you
Clime Investment Management has faced shareholder backlash around “unsatisfactory” financial results and is enacting cost reductions to return the business to profitability by Q1 2025.
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.
