TIG Advisors has acquired a minority stake in Hong Kong-based Arkkan Capital, an alternative asset manager. No financial terms were disclosed.
NEW YORK – January 13, 2021 – TIG Advisors, LLC (“TIG”), a New York-based alternative asset manager with approximately $7 billion in assets that provides growth capital, comprehensive infrastructure support and management services to investment teams, today announced that it has acquired a minority revenue share interest in Arkkan Capital (“Arkkan”), a Hong Kong-based alternative asset manager with approximately $1 billion of assets under management, from a fund managed by a Blackstone advisor. Such fund, which seeded the firm, remains an investor in Arkkan’s fund. Terms of the transaction were not disclosed.
Founded in 2013 by Jason Brown, Arkkan focuses on credit and special situations investments across Asia Pacific. Mr. Brown will continue to lead the firm as Chief Investment Officer and retain control over Arkkan’s day-to-day operations and investment processes. As a growth-oriented partner, TIG will work collaboratively with Arkkan, focusing primarily on marketing and business development.
“Arkkan has a well-earned reputation for its ability to navigate Asia’s dynamic and growing credit markets, investing successfully in a broad range of performing, stressed and distressed situations,” said Spiros Maliagros, President of TIG. “We believe the Arkkan team has the expertise and disciplined approach required to continue generating attractive returns, and are excited to partner with the firm as it builds upon its leading position in the region.”
Mr. Brown added, “TIG has a proven track record of helping alternative asset managers achieve their business objectives, and I am pleased to form a strategic partnership with them as we seek to scale our distribution network. I thank Blackstone for the support they have provided since day one and for their continued commitment to Arkkan as an investor in the fund.”
The investment in Arkkan is the third successful transaction for TIG following its minority interest acquisitions in Romspen Investment Corporation in 2018 and Zebedee Capital Partners in 2020.
About TIG Advisors, LLC
TIG Advisors is a New York-based alternative asset manager with approximately $7 billion in assets, focused on making growth equity investments in global alternative specialists. TIG has a strong track record of identifying uncorrelated investment opportunities in both public and private markets, utilizing its long-standing operating platform to assist managers with growth. The firm’s alpha driven investment strategies align with the needs of a diverse global investor base. For more information, please visit: www.tigfunds.com.
About Arkkan Capital
Founded in 2013 by Jason Brown, Arkkan Capital is a Hong Kong-based alternative asset manager focused on credit and special situations investments in the Asia Pacific markets. Investment team members have an average of 20 years’ experience investing in Asia Pacific credit markets. The firm’s global institutional investor base includes sovereign wealth funds, pension plans, family offices and foundations. For more information, please visit: https://arkkancapital.com.
Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $584 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.