Morgan Stanley acquires 5.5% stakes in Tikehau.

Morgan Stanley Tactical Value Investing, a team within Morgan Stanley Investment Management, is focused on providing nimble, opportunistic capital with the flexibility to invest across asset classes, sectors and geographies in changing market environments, acquires 5.5% stakes in Tikehau Capital, an asset management and investment group for $368m. The US bank will invest at least €300m of fresh equity into the asset manager, together with other existing investors in a deal. The move is part of a wider trend of asset managers selling minority positions to third parties as they seek permanent capital to expand into new markets and products. “Tikehau Capital is a premier asset manager comprised of seasoned investment professionals with strong investment performance.”, Pedro Teixeira, co-head of Morgan Stanley’s investment vehicle.