Orion, BNP form Asia alternatives partnership
BNP Paribas will take a minority stake in a newly-established partnership with Asia-based private equity and real estate player Orion Partners. They plan to launch funds together to meet growing client demand for exposure to alternatives in the region.
BNP will invest through BNP Paribas Capital Partners, an alternative and incubation unit under its asset management arm, BNP Paribas Investment Partners (BNPP IP). Orion will continue to operate under its existing leadership team and remain independent in its businesses and investment decisions.
The partnership will rely on BNPP IP's global distribution platform to market alternative investment products to retail and institutional investors, while Orion will contribute local specialist expertise.
"Orion Partners has had a strong long-standing relationship with BNPP IP and it is the perfect partner to enhance our specialist alternative investment business through product innovation and access to premier international distribution channels," T.K. Chiang, managing partner and co-founder of Orion, said in a statement.
Orion, which was founded in 2000, had more than $1 billion in assets under management as of September 2015. In addition to real estate and private equity strategies, the firm is developing infrastructure credit and hedge funds businesses. LPs in its funds include pension funds, fund-of-funds, family offices and high net worth individuals.
BNPP IP had EUR509 billion ($548 billion) in assets under management as of September, with 3,000 employees in 35 countries, including 700 investment professionals. BNP Paribas Capital Partners oversees assets of EUR5 billion.
More on Fundraising
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.