Nikko Asset Management Australian LBO Loan Fund
Nikko Asset Management has launched a leveraged buyout fund (LBO) - the Nikko AM Australian LBO Loan Fund - that will invest in syndicated bank loans supporting leveraged buyouts of Australian businesses, backed by private equity.
The fund was established on behalf of a cornerstone Japanese institutional investor, that has committed $300 million in investment funds, and will tap Nikko AM’s existing private debt capability within its global fixed interest team.
“We are excited to be able to establish this private debt capability in Australia, which recognises a strong demand from institutional clients 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,” Sam Hallinan, managing director of Nikko AM Australia, said.