[Amova Asset] Launch of Joint Venture "Tikehau Amova Investment Management"

Amova Asset and Tikehau Capital Officially Launch Joint Venture

Asia's Leading Asset Manager and European Pioneer in Private Assets and Decarbonization Collaborate

Announcement Coincides with French President Macron's Official Visit to Japan for Japan-France Summit

Amova Asset Management Co., Ltd. (formerly Nikko Asset Management Co., Ltd., hereinafter "Amova Asset") and Tikehau Capital, a global alternative asset management group based in France (hereinafter "Tikehau Capital"), are pleased to announce that their joint venture, "Tikehau Amova Investment Management Pte. Ltd." (hereinafter "Tikehau Amova Investment Management"), officially commenced operations on April 2, 2026. This joint venture will focus on developing and deploying innovative private asset investment strategies focused on Asia globally.

Tikehau Amova Investment Management, based in Singapore, today obtained its business commencement license from the Monetary Authority of Singapore (MAS). The company is the first joint venture in the private asset sector between a Japanese company and a European-headquartered company focused on Asia [1]. This joint venture further develops the strategic partnership between Amova Asset and Tikehau Capital, which was established in 2024.

Amova Asset will provide its insights and sales network within the Asian region, including its subsidiaries. Tikehau Capital will contribute its extensive experience and track record in private asset management in Europe, as well as its expertise in decarbonization, with €5.8 billion in assets under management specifically in climate change and biodiversity-related fields [2]. This joint venture will combine the strengths of both companies to offer investment strategies such as decarbonization private equity strategies and Asia-focused private credit. These strategies will be offered through the global networks of both companies.

Japan, where Amova Asset is headquartered, is pursuing the realization of an "Asset Management Nation" and promoting decarbonization policies, and this joint venture will benefit from these tailwinds.

Stephanie Drewes, Representative Director, President and CEO of Amova Asset, commented, "Investors across Asia and globally are seeking investment opportunities related to decarbonization, and we look forward to offering Tikehau Capital's outstanding expertise in this area. We have already been offering Tikehau Capital's strategies for over a year, and we are confident that this joint venture is a natural next step, perfectly aligning with both companies' cultural aspects, accurately capturing investor demand, and being rational and culturally compatible."

Xavier Musca, Chairman of the Supervisory Board of Tikehau Capital, stated, "We are delighted to mark an important milestone for Tikehau Capital and our partner Amova Asset on this occasion, while I am in Tokyo as part of the presidential delegation to Japan. By combining Amova Asset's strong platform in Asia with Tikehau Capital's expertise in private assets and strong commitment to the decarbonization economy, we will be able to provide clients across Asia and globally with access to a wider range of innovative investment strategies."

Louis d’Estienne d’Orves, Head of Asia Pacific at Tikehau Capital, said, "Asia is home to some of the fastest-growing markets in the world. Through this joint venture, we are very excited to take a new step in this region, bringing our unique strengths in private assets and decarbonization, along with our entrepreneurial spirit. Amova Asset is a trusted and strong partner in exploring these markets."

[1] According to Amova Asset Management. As of April 1, 2026.

[2] As of December 31, 2025.

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About Amova Asset Management

Amova Asset Management Co., Ltd. is a global asset management company headquartered in Japan. Established in Japan in 1959, it now provides diverse investment strategies to individual and institutional investors worldwide. With over 200* investment professionals globally, its total assets under management are approximately JPY 42.9 trillion**. We aim to co-create a better tomorrow with advanced investment solutions. Amova Asset Management is a member of the Sumitomo Mitsui Trust Group. The company changed its name from Nikko Asset Management in September 2025. For more details, please visit www.amova-am.com .

* Includes officers and employees of Amova Asset Management Co., Ltd. and its consolidated subsidiaries.

** Consolidated assets under management (including investment advisory services) of Amova Asset Management Co., Ltd. and its consolidated subsidiaries.

* Unless otherwise specified, the information provided is as of the end of December 2025.

Amova Asset Management Co., Ltd.

Financial Instruments Business Operator, Kanto Local Finance Bureau (Kinsho) No. 368

Member Associations: The Investment Trusts Association, Japan, Type II Financial Instruments Firms Association

About Tikehau Capital

Tikehau Capital is a global alternative asset management company with €52.8 billion in assets under management (as of December 31, 2025). The Group possesses extensive expertise across four asset classes: private debt, real assets, private equity, and capital markets strategies. Tikehau Capital leverages its strong balance sheet (€3.1 billion in shareholders' equity as of December 31, 2025) to invest its own capital alongside its investors. The Group is guided by a strong entrepreneurial spirit and DNA shared by its 717 employees (as of December 31, 2025) across 17 offices in Europe, Asia, and North America.