The Visionary
The future, and what is barely possible, reads round the next corner.
Mathieu Chabran reads as The Visionary because his record at Tikehau Capital is one of originating categories before the market assigns them value. Secondary private credit, mid-market infrastructure, and low-carbon mobility were built as theses, not responses to demand. His create not compete doctrine is operationally enacted rather than merely stated, converting early-mover patience into repeatable institutional advantage.
“When one of the first ones to move into secondary private credit, fast forward a couple of years, three years, now we can demonstrate the merits of the strategy, the track record of the strategy. We started expanding into mid-market infrastructure.”
“People would realize that it's not, it shouldn't be a political game. I understand why I'm not naive. I understand why, but I think the majority should prevail to understand that the asset owners today, the asset managers who can help them deploy the capital, have an historical mission because we will be judging up 50 years down the road.…”
“The central banks in the US and in Europe, they may have a different mandate. One might be more political than the others, and at times, when you have to effectively finance all the deficits, you have to be mindful that you need to be able to issue and pay down this debt.”
“2008, where the risk was concentrated on banks' balance sheet, today is much more spread across, let's say, asset managers. But you have to find a way to dry up all this excess of liquidity, which was necessary on the one hand, but maybe mispriced on the other hand.”
Masters in Business: “Mathieu Chabran on Using Creativity to Compete”
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