Temasek has joined a French family office linked to the Peugeot dynasty and other investors to support a capital-raising for a European asset management house.

Singaporean sovereign wealth fund Temasek and the family office of the dynasty that controls automaker Peugeot have, along with other investors, injected a total of €510 million ($565 million) into French investment firm Tikehau Capital Advisors.

“Through a €94 million capital increase, Tikehau Capital Advisors (TCA) welcomes as new shareholders Singaporean investment company Temasek, and French investment company FFP (the listed Peugeot family office), along with long-standing partner French insurance group MACSF,” Tikehau Capital Advisors said in a statement.

The new institutional shareholders join Credit Mutuel Arkea and Amundi. They now each hold more than 5 per cent of TCA.

Alongside these investors, the rights issue by TCA has about €17 million in subscriptions from founders, partners and senior management of Tikehau Capital to maintain their current ownership and remain the controlling shareholders of the group.

Separately, it has completed a €416 million capital increase from an early conversion of the €176 million of convertible bonds issued in 2015, as well as a rights issue raising an additional €240 million in cash.

As of 1 July the group had assets under management of over €8 billion.