Tikehau Capital sees record inflows as AUM hits €51bn
Alternative asset manager Tikehau Capital saw its assets under management (AUM) grow by 12 per cent in the past year to €51bn (£44bn), according to the firm’s latest half-year results.
Meanwhile, gross and net inflows in H1 2025 hit record levels for a six-month period, reaching €5.2bn and €4bn, respectively, largely driven by credit strategies.
The firm said its fee-paying AUM amounted to €40.8bn, while its core fee-related earnings were up eight per cent year-on-year to €60m. Portfolio revenues grew by 42 per cent over the same period.
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Tikehau’s credit strategies deployed €1.9bn, accounting for 65 per cent of H1 2025 deployment. The firm said deal flow for its direct lending strategies “remained active” in the first half of the year, driven by its position in the European market.
“The firm focused on supporting portfolio companies through add-on financings and follow-on transactions, while maintaining a disciplined approach to capital deployment,” the firm said.
“Leverage levels were carefully managed, and documentation standards remained stringent. In addition, the firm continued to take advantage of its multi-local platform to diversify investments across geographies.”
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It added that it maintained an “opportunistic stance on new collateralised loan obligation issuances” and “remained highly focused” on resetting older vintages.
“Our strong performance in the first half of 2025 demonstrates the resilience of our diversified platform and the disciplined execution of our strategy,” said Antoine Flamarion and Mathieu Chabran, the co-founders of Tikehau Capital.
“We maintained robust momentum across all our investment strategies, increasingly deploying capital into larger-scale, cross-border transactions in high-conviction sectors, while achieving record fundraising from a broader and more global client base.”
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The firm launched its first semi-liquid private debt fund for private investors accessible outside of French life insurance in June this year.
