Reinet Investments, a listed long-term growth vehicle created from the restructuring of luxury goods group Compagnie Financière Richemont, may look for co-investments with asset managers as it targets steady returns in the market downturn.

Richemont, which is owned by South Africa's billionaire Rupert family, said Reinet Investments, which will list in Luxembourg and Johannesburg, may look to asset owners for co-investments in more stable areas.