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Funds will fuel next stage of €38bn alternatives manager’s international expansion
Deal backed by Bernard Arnault and Tikehau will create new player in European entertainment
LVMH founder and ex-UniCredit CEO launch vehicle to invest in European financial companies
Amount is below Paris-based asset manager’s initial target
Move is part of a trend of asset managers selling minority positions to third parties
French asset manager adds ex-diplomat and former Sony chief to board as it explores Asia deals
Co-founder eyes US and predicts that an American slowdown will help him
Second member of French elite moves into private equity industry in recent months
Asset manager has long been an outlier among French firms
Move highlights porous borders between France’s political and financial elite
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