Tikehau raises €300m in share capital increase

A Morgan Stanley investment fund has become a new shareholder as part of the fundraising exercise.

Tikehau Capital Advisors has raised €300 million as part of a share increase to boost the growth of its fund management business.

Tikehau Capital Advisors is the main shareholder of Tikehau Capital SCA, the listed alternatives asset manager, which invests in private debt, private equity, real estate and liquid strategies. It said it has secured firm commitments from existing and new shareholders worth €195 million in new equity.

Existing shareholders Temasek, FFP and MACSF committed to the equity raise and North Haven Tactical Value, a Morgan Stanley Investment Management vehicle, became a new shareholder.

Tikehau’s founders and managers also reinvested in the firm and will remain controlling shareholders with more than 60 percent of its share capital. Tikehau said management will remain the largest shareholder in the company over the long-term.

All of Tikehau’s performance fees and 53 percent of its carried interest remains within the listed company.

Tikehau Capital SCA has €22.4 billion of assets under management as of March 2019 and employs 440 staff in its offices in Europe, North America and Asia-Pacific. Its most recent debt fund, Tikehau Direct Lending IV, closed at €2.1 billion in February this year.

Earlier this year, PDI caught up with Tikehau co-founder Mathieu Chabran to discuss his personal and business passions.