Tikehau Capital has appointed France’s former prime minister François Fillon to the position of partner. According to a company announcement, the firm has now taken its number of partners up to 30.
The move comes amid a series of steps taken by Tikehau to grow its assets under management. Earlier this year the firm outlined plans to double its assets by the year 2020. About 50 percent of its assets are represented by private debt – the largest of the asset classes managed by the firm.
A spokeswoman for Tikehau told PDI Fillon will largely focus on aiding the firm’s lending activity to SMEs. He will also help with Tikehau’s international expansion.
“When you have an election and the political landscape changes you have many people in politics who are looking to join the private sector,” she said, referencing the recent French elections. “His [Fillon’s] experience as prime minister is very valuable.”
Former prominent politicians joining private debt or private equity shops is not uncommon. Earlier this year, for example, former Australian prime minister Paul Keating joined property finance firm MaxCap.
Fillion will begin work at Tikehau at the start of September.