Based in Paris Tikehau Capital, a global alternative asset management group, announced on Friday July 29 that it had raised a record €3.3 billion in funds for its fifth direct lending vehicle. The fund is 57% larger than its predecessor, which raised €2.1 billion in 2019.
The financing consists of the group’s flagship direct lending fund, Tikehau Direct Lending V (“TDL V”), which is completing its final closing, as well as tailor-made and specialized investment vehicles.
Launched in 2020, TDL V offers a wide range of tailor-made financing solutions for SMEs in Europe. Since 2007, Tikehau Capital has developed its expertise in senior stretched, unitranche, mezzanine and PIK notes financing, and claims to be the first to offer private debt financing incorporating ESG criteria.
Investors in this round
Funding came from several investors, including family offices, pension funds and insurance companies. According to a press release from Tikehau Capital, in this fifth vintage, the direct lending strategy has won over subscribers from the previous generation, who have renewed and increased their commitment by nearly 60%.
83% of capital subscriptions come from investor clients based outside France and more than 35% outside Europe.
Cécile Mayer-Lévi, Head of Private Debt at Tikehau Capital, says: “The successful closing of TDL V is the result of the expertise of Tikehau Capital’s private debt team and its ability to finance highly diversified transactions. in Europe. This success also illustrates the support of new client-investors and existing partners globally, with investors from the previous vintage reinvesting in this latest generation of funds. We have a strong pipeline of opportunities and will continue to focus on rolling out the fund and supporting SMEs with their financing needs.
Tikehau Capital reports that TDL V has already supported nearly 55 SMEs in Europe, notably in Benelux, Spain, Italy, Germany, the United Kingdom, France, as well as Canada.
Balancing risk and return to create long-term value
Founded in 2004 by Antoine Flamarion and Mathieu Chabranm, Tikehau Capital is an alternative asset management group with 36.8 billion euros in assets under management. The firm has developed broad expertise in four asset classes, including private debt, real assets, private equity and capital markets strategies, as well as strategies focused on multi-asset solutions and special situations.
Tikehau Capital claims to provide tailor-made and alternative financing solutions to the companies it supports, and contributes to creating long-term value for its investors while generating a positive impact on society.
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