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
Selfwealth has provided an update on the status of its scheme implementation deed with Bell Financial Group as well as whether rival bidder Svava remains in the picture.
Magellan Financial Group has reported its first half FY25 results while appointing a new chief financial officer and promoting Sophia Rahmani to chief executive.
Schroders Australia has launched two active ETFs and plans to further expand its listed range over the year ahead.
Platform Netwealth has reported its financial results for the first half of FY25, reporting an 80 per cent increase in net flows, with its CEO viewing a “huge opportunity” from private assets.
