Lyxor hands management of European senior debt funds to Tikehau IM

Lyxor UK's European debt team to join Tikehau

Lyxor has announced its four European senior debt funds will be managed by Tikehau Investment Management, subject to regulatory approval.

The deal will see Tikehau Investment Management - the asset management arm of Tikehau Capital - manage the funds, which represent a total AUM of €700m. Lyxor UK's European senior debt operational team will join Tikehau IM in London, which the group said will "ensure a smooth and seamless transition". Though Tikehau IM will act as investment managers of the range, Lyxor will remain its management company and will continue to provide second-level supervision of risks and valuation. Tikehau Capital's leveraged loans and CLO business will increase from €1.9bn to €2.6bn, raising its tot...