BNP Paribas Investment Partners (“BNPP IP“), the asset management arm of BNP Paribas, and Orion Partners LP (“Orion Partners“), today announced a strategic partnership that brings together a leading Asia-focused alternative investment firm specialising in real estate and private equity, and a global key player in asset management.
Under the terms of the transaction, BNPP IP – through its alternative and incubation specialist BNP Paribas Capital Partners (“BNPP CP“) – will acquire a minority stake in a new partnership based in Hong Kong. Orion Partners will continue to operate under its existing leadership and remain independent in all its businesses and investment decisions.
Going forward, BNPP CP and Orion Partners plan to develop and launch new funds to meet growing client demand for Asia-focused alternative investment funds. BNPP IP and Orion Partners believe there is tremendous opportunity to provide these various alternative investment products to retail and institutional investors throughout the world using BNPP IP’s highly-regarded platform and global distribution capabilities and Orion Partners’ local specialist expertise.
Gilles Guerin, CEO of BNPP CP, commented: “The partnership with Orion Partners provides us with an excellent opportunity to broaden our exposure to fast growing alternative investment opportunities in Asia, managed by a leading Asian-based and Asian-focused firm. Having worked closely together for more than 10 years to develop and distribute some of their products to institutional investors across the globe, we value their expertise and excellence in the creation and protection of value for their clients.”
“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,” said TK Chiang, Managing Partner and co-founder of Orion Partners.
Berkshire Capital Securities LLC served as advisor to Orion Partners in this transaction.