Foundation Private Equity (Foundation PE), a provider of bespoke secondary solutions across Asia, has entered into a strategic partnership with Tikehau Capital.
Foundation PE is a founder-operated private equity player that specialises in delivering innovative secondary solutions to GPs and LPs across Asia. This firm is headquartered in Singapore, with a presence in Beijing and Mumbai.
Foundation PE targets private equity secondaries in Asia, with a focus on China, India and South East Asia. It specialises in GP-led fund restructurings, purchase of limited partner (LP) interests in existing funds, and other bespoke liquidity solutions for LPs. Foundation PE seeks to partner with GPs in providing liquidity to their LPs and works alongside GPs to aim for optimal outcomes to portfolio companies.
Tikehau Capital has taken a majority equity stake in Foundation PE as part of the partnership arrangement, cementing the global alternative asset management group’s expansion into the private equity secondaries business and broadening its investment capabilities in Asia.
“We are delighted to be collaborating with Tikehau Capital, whom we view as an important strategic partner for the development of our firm going forward. We believe that there are many areas of synergy between our firms and that Tikehau Capital’s global reach will help us to expand our presence and capabilities in Asia and beyond,” says Jason Sambanju and Jeremy Foo, co-founders of Foundation PE.
“We are honoured to become Foundation PE’s partner of choice. This strategic partnership will allow Tikehau Capital to further develop its private equity offering in Asia, leveraging Foundation PE’s extensive footprint in China, India and South East Asia. Foundation PE is an entrepreneur-led company and shares the same strategy of selectiveness and alignment of interests as Tikehau Capital. Jason Sambanju and Jeremy Foo, the co-founders of the firm, have extensive experience in both secondaries and direct investing in the region, and this aligns closely with the platform’s fundamentals-driven approach to investment underwriting,” says Jean-Baptiste Feat, co-CIO of Tikehau Investment Management and co-head of Asia.
Foundation PE has a team of seven professionals across Singapore, Beijing and Mumbai and recently expanded its execution capabilities by appointing Kimberly Tong as a Vice President within its investment team. The firm is also bringing on board a Finance Director with deep experience in overseeing private equity funds that invest in multiple jurisdictions across Asia.
