Amundi Asset Management has bought a minority stake in French boutique Tikehau Group, which managed €2.8 billion in private debt for clients at the end of last year.

Amundi will buy a 12.8% stake in Tikehau Investment Management and 7.3% of its holding company for undisclosed sums. Other shareholders in Tikehau include French bank Crédit Mutuel Arkéa, Italian bank UniCredit and Australian finance group Macquarie.