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Mathieu Chabran helms Tikehau Capital, a European asset manager, which oversees $40 billion in private debt, real assets, private equity, and capital markets. With a front row seat to the uncertainty and geopolitical tension in Europe, Chabran sat down with the Delivering Alpha newsletter to discuss the role of alternatives in the region along with his shifting perspective on tech.
(The below has been edited for length and clarity. See above for full video.)
Leslie Picker: As you look across your portfolio, are you seeing the effects of war of inflation on the assets that you manage?
Mathieu Chabran: Actually, not at this stage. Obviously, we're monitoring extremely carefully, because we were first focused a couple of months ago on the [rising] interest rates, even if Europe is lagging a bit relative to the U.S. And then obviously, and unfortunately, the war started, and now we're seeing some supply chain issues, some increase in raw materials. So, as much as we are very close to the company we're working in, we are trying to anticipate as much as we can. But we see, also, some interesting shifts happening, typically on the energy — I know we debated that a lot. So, right now, I think it's a critical moment, crossroads, to work on your portfolio companies — to anticipate, to provide your portfolio companies with the long-term resources they need. And that's what we're doing at Tikehau.
Picker: So you're not seeing any impact of inflation on margins, or higher prices, or anything like that?
Chabran: We're actually seeing that less in Europe [than] what we are seeing in the U.S. right now. In Europe, we're trying really to be as local as possible and to be
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