Tikehau Capital reports record €7bn fundraising in 2024

Tikehau Capital has posted a record level of fundraising for 2024, attracting €7bn (£5.8bn) of net inflows during the year.

This is up from €6.5bn in 2023, an increase of nearly eight per cent.

The French alternative asset manager’s inflows were boosted by a particularly strong fourth quarter, with €2.3bn raised. This was a 28 per cent increase compared to the fourth quarter of 2023, beating the firm’s 10 per cent growth target.

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Assets under management (AuM) at the firm totalled €49bn as at the end of December 2024, up 15 per cent year-on-year from €42.8bn in 2023.

Pre-tax profit was up nine per cent, which Tikehau says reflects its strong operating performance.

“2024 was a record-breaking year for Tikehau Capital in terms of fundraising marking the third consecutive year of exceptional inflows amid a persistently challenging environment,” said Antoine Flamarion and Mathieu Chabran, co-founders of Tikehau Capital.

“This momentum was driven by the performance and relevance of our product offering, which continues to evolve with client needs, resulting in a sharp acceleration in both fundraising and profit generation in the second half of the year.”

Tikehau Capital’s closed-end funds deployed €5.6bn in 2024, with an acceleration in the second half of the year. Capital deployment reached €1.7bn in the fourth quarter of 2024, a 62 per cent increase compared to the third quarter of 2024 mainly driven by an increase in credit strategies deployments.

Tikehau Capital’s credit strategies deployed €4.1bn in 2024, accounting for 72 per cent of deployment in 2024, driven by direct lending and the CLO platform in Europe and the US.

Tikehau Capital has set ambitious targets for 2026. These include to generate €65bn of AuM, €250m of fee-related earnings and €500m of net income.

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