Capital/Financing Update • Feb 12, 2019
Capital/Financing Update
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Paris, 12 February 2019 – Tikehau IM, the asset management subsidiary of Tikehau Capital, has raised a record €2.1 billion for its fourth generation of Tikehau Direct Lending (TDL) funds, raising more than three times the previous vintage.
This record fundraising confirms investors' appetite for the private debt asset class, as well as Tikehau IM's leading position in the European direct lending market. Tikehau Direct Lending IV (TDL IV) is the flagship fund for this fourth generation of Tikehau IM's Direct Lending funds.
The successful fundraising reflects Tikehau IM's increasingly international investor base, in line with its strategy, with more than 70% of its subscribers based outside of France, and more than 30% outside of Europe.
These funds will continue to be deployed according to Tikehau IM's strategy, which aims at providing a wide range of bespoke financing solutions to SMEs. A pioneer in Europe's private debt market, Tikehau IM has leading expertise in financing solutions such as stretched senior, unitranche, mezzanine financing and PIK notes.
This new generation of direct lending funds has already invested a total of more than €700 million in nearly 20 SMEs across Europe – France, Spain, Germany, Denmark, Luxembourg, Norway and the United Kingdom.
Cécile Mayer-Levi, Head of Tikehau IM's Private Debt practice, said: "The enthusiasm we received from experienced investors across the globe reflects the attractiveness of Tikehau IM's private debt investment platform. This is the result of our strong team's many years of experience and capacity to finance highly diversified operations in Europe. We remain committed to providing continued support financing SMEs which stand out for their operational and strategic excellence."
Tikehau Capital is an alternative asset management and investment group which manages €15.9bn of assets (as at 30 September 2018) including shareholder equity of €2.3bn (as at 30 June 2018). The group invests in various asset classes (private debt, real estate, private equity and liquid strategies), including through its asset management subsidiary Tikehau IM, on behalf of institutional and private investors. Controlled by its managers, alongside leading institutional partners, Tikehau Capital employs 260 staff (as at 30 June 2018) across its Paris, London, Brussels, Madrid, Milan, New York, Seoul and Singapore offices.
Tikehau Capital is listed on Euronext Paris, compartment A (ISIN: FR0013230612; Ticker: TKO.FP)
TDL IV is not currently available in the United States or to U.S. persons. Check with the investment advisor on specific marketing restrictions for the other funds of the new generation of TDL.
Tikehau Capital: Julien Sanson – +44 20 3821 1001 Finsbury: Arnaud Salla & Charles O'Brien – +44 207 251 3801 [email protected]
Louis Igonet – +33 (0)1 40 06 11 11 [email protected]
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