BNP Paribas Investment Partners, the asset management arm of BNP Paribas, has entered into a strategic partnership with Orion Partners, an Asia-focused alternative investment firm.
Under the deal, BNP’s alternative and incubation specialist BNP Paribas Capital Partners (BNPP CP) will purchase a minority stake in Hong Kong-based Orion Partners, which specialising in real estate and private equity.
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The partnership will see BNPP CP and Orion Partners developing and launching new funds to meet increasing client demand for Asia-focused alternative investment funds.
Following the transaction, Orion Partners will continue to operate under its existing leadership and remain independent in all its businesses and investment decisions.
BNPP CP CEO Gilles Guerin said: "The partnership with Orion Partners provides us with an excellent opportunity to broaden the exposure to the fast-growing alternative investment opportunities in Asia, managed by a leading Asian-based and Asian-focused firm."
Orion Partners managing partner and co-founder TK Chiang said: "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."
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