Tikehau Capital (0RP0) Q3 2020 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the TKO Capital Q3 2020 Assets Under Management Announcement conference call. Today, I am pleased to present Mathieu Chabron, co-founder and Henri Marcoux, WCEO. Gentlemen, the floor is yours. Thank you. Hello, everyone, and thank you for joining us today. I hope you're all doing okay. and weathering well what is clearly a new operating challenge for many of us, brought by the new government restrictions across many countries. I'm Mathieu Chabran, co-founder of TKO Capital, and I'm now joining you from New York, where we are actually all happily still working in the office. We're certainly, you know, the outliers here. And I'm joined today by our Deputy CEO, Henri Marcoux, who's in Paris. We will run you through the main highlights of what has happened at TKO Capital during the third quarter, and then be more than happy obviously to answer your questions. Before we get started, let me maybe give you a quick reminder of how we define ourselves and approach our platform. TKO Capital is an alternative asset manager that we created 16 years ago, which has built strong positions across private and public markets. Our unique model consists in proposing to our shareholders an exposure to alternative asset classes in two ways. First, by an asset manager with a majority of long-dated closed-end investment vehicles with recurring revenues coming from management fees, as well as performance-linked revenues that carry interest on top of that. Second, by benefiting from the underlying performance of each of our alternative strategies, by having access to what I like to call the factory, given that the group deploys its balance sheet in our own funds alongside our clients. So in addition to aligning our interests with one of our clients, this secon...