Tikehau Capital has announced the appointment of John Fraser as Chairman of its Global Structured Credit strategies, based in New York. In a press release, the firm has highlighted that the designation reinforces its commitment to its CLO business and supports its expansion into the US market.
In this newly created role, Fraser will advise senior Tikehau Capital team members in growing the firm’s existing structured credit businesses including its U.S. and European CLO platforms. He will also help develop and launch new business lines within the structured credit space. His entrepreneurial and institutional experience will support Tikehau Capital Structured Credit and overall company brand building and product marketing including interaction with investors.
Since the creation of its CLO business in 2014, Tikehau Capital has a proven track-record in the structured credit space, in particular through the completion of over 2 billion euros (2.31 billion dollars) in new issuance across five CLOs in Europe and the launch of its first CLO in North America in September 2021.
“We are delighted to welcome John in Tikehau Capital’s teams as we continue to build on the success of our European CLO and Structured Credit strategies in order to expand our offering into the US market. John brings a unique and rare combined entrepreneurial and institutional journey and deep CLO expertise, and we look forward to leveraging his experience as we grow to meet investors’ evolving needs”, said Mathieu Chabran, co-founder of Tikehau Capital.
Fraser brings 30 years of experience in the CLO business. He joins from Investcorp where he was an independent member of its Board of Directors since 2019. Most recently, he was managing director and head of Investcorp’s U.S. credit business, where he was responsible for managing all aspects of U.S. loan-focused credit investments including portfolio management, fund raising, and operations.
From 2012 to 2017, he was managing partner and CIO of 3i Debt Management US LLC. In 2005, he founded Fraser Sullivan Investment Management, LLC, which was subsequently sold to 3i Group. Fraser also previously held management positions with Angelo Gordon, Continental Bank, Merrill Lynch Asset Management and Chase Manhattan Bank North America.
Fraser claimed to be excited to join Tikehau Capital’s team. “The firm’s prospects for growth in the U.S. and global credit markets are impressive, supported by a respected global brand, talented and committed people, an expanding international investor base and its willingness to use balance sheet resources to back new initiatives. I look forward to being part of and adding to the future success of Tikehau Capital”, he added.
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