Tikehau plans product rush after capital raise

The firm announced a successful share capital increase this week and will now look to introduce new fund products – two of which concern debt investments.

Tikehau Capital is planning the introduction of two debt related products later in 2017, according to a company announcement.

The firm announced its intention to launch a direct lending product and a CLO while also noting the success of a recent share capital increase. In June the firm announced its intention to raise an additional €500 million from existing shareholders.

Having been successful in its capital raising the firm is now launching its fourth direct lending fund and third CLO. Tikehau’s previous direct lending offering was launched in 2012 and raised €610 million.

The firm has a target of €1 billion for its direct lending fund and €400 million for the CLO, Henri Marcoux, deputy managing director for Tikehau, told PDI.

The firm has been very active in taking steps to boost its assets under management. It previously announced an intention to raise its total AUM to €20 billion by 2020.

Tikehau has approximately €10.3 billion in AUM. Private debt investments represent the greatest portion of its assets, representing 48 percent of its AUM as of June. The firm also has fund products focusing on private equity and real estate as well as liquid strategies.

While Tikehau is launching private debt offerings, it is trying to increase the share of its assets represented by private equity and real estate. “In terms of overweight we are targeting private equity and real estate,” Marcoux said.