Tikehau Capital has posted a report degree of fundraising for 2024, attracting €7bn (£5.8bn) of web inflows in the course of the yr.
That is up from €6.5bn in 2023, a rise of almost eight per cent.
The French various asset supervisor’s inflows had been boosted by a very robust fourth quarter, with €2.3bn raised. This was a 28 per cent enhance in comparison with the fourth quarter of 2023, beating the agency’s 10 per cent development goal.
Learn extra: Tikehau says determination on US itemizing “nonetheless at a preliminary stage”
Property beneath administration (AuM) on the agency totalled €49bn as on the finish of December 2024, up 15 per cent year-on-year from €42.8bn in 2023.
Pre-tax revenue was up 9 per cent, which Tikehau says displays its robust working efficiency.
“2024 was a record-breaking yr for Tikehau Capital when it comes to fundraising marking the third consecutive yr of remarkable inflows amid a persistently difficult surroundings,” stated Antoine Flamarion and Mathieu Chabran, co-founders of Tikehau Capital.
“This momentum was pushed by the efficiency and relevance of our product providing, which continues to evolve with shopper wants, leading to a pointy acceleration in each fundraising and revenue technology within the second half of the yr.”
Tikehau Capital’s closed-end funds deployed €5.6bn in 2024, with an acceleration within the second half of the yr. Capital deployment reached €1.7bn within the fourth quarter of 2024, a 62 per cent enhance in comparison with the third quarter of 2024 primarily pushed by a rise in credit score methods deployments.
Tikehau Capital’s credit score methods deployed €4.1bn in 2024, accounting for 72 per cent of deployment in 2024, pushed by direct lending and the CLO platform in Europe and the US.
Tikehau Capital has set bold targets for 2026. These embody to generate €65bn of AuM, €250m of fee-related earnings and €500m of web earnings.
Learn extra: Tikehau raises €1.2bn for third classic of particular alternatives technique
