Tikehau Capital is taking its European decarbonization strategy to Asia. The French asset manager is teaming up with Japan’s Amova Asset Management to launch Tikehau Amova Investment Management in Singapore to back private-equity decarbonization solutions.
The announcement coincided with French President Emmanuel Macron’s state visit to Tokyo last week. “We want to see more Japanese investors in France,” Macron told reporters during a press conference with Prime Minister Sanae Takaichi.
Amova, formerly Nikko Asset Management and a subsidiary of Sumitomo Mitsui Trust, manages $274 billion across global strategies. “Investors in Asia and around the world are looking for investment opportunities related to decarbonization,” said Amova’s Stefanie Drews. The partnership builds on a 2024 agreement in which Amova took an equity stake in Tikehau and began selling its strategies to investors across Asia.
Cross continental alliance
Japan has been actively courting foreign asset managers. Its “Promoting Japan as a Leading Asset Management Center” initiative has registered 48 firms since 2023.
Ares Management expanded into Japan in 2024 through its acquisition of GLP Capital Partners’ international business. Warburg Pincus opened a Tokyo office in November 2025. Jolt Capital announced plans to expand at a government-backed startup expo in Osaka in September 2025.
The government-led initiative offers regulatory streamlining, English-language administrative support and special business zones in Tokyo, Osaka, Sapporo and Fukuoka. “It makes business sense capturing investor demand and is a seamless cultural fit for both of us,” said Drews.