Paris-based Tikehau Capital, a global alternative asset management group, announced on Friday, July 29, that it has raised a record €3.3B in funds for its fifth direct lending vehicle. The fund exceeds the size of its predecessor, which raised €2.1B in 2019, by 57 per cent.
The funding consists of the group’s flagship direct lending fund, Tikehau Direct Lending V (“TDL V”), which is completing its final closing, as well as tailor-made and specialised investment vehicles.
Launched in 2020, TDL V offers a wide range of tailor-made financing solutions for SMEs in Europe. Since 2007, Tikehau Capital has developed its expertise in senior stretched, unitranche, mezzanine, and PIK notes financing, and claims to be the first to offer private debt financing integrating ESG criteria.
Investors in this round
The funding came from multiple investors, including family offices, pension funds and insurance companies. According to a statement by Tikehau Capital, in this fifth vintage, the direct lending strategy attracted subscribers from the previous generation who renewed and upped their commitment by almost 60 per cent.