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Alternative Market Briefing

Tikehau Capital raises $3.37bn for fifth gen of direct lending strategy

Monday, August 01, 2022

Laxman Pai, Opalesque Asia:

Global alternative asset manager Tikehau Capital has raised a record €3.3bn ($3.37bn) for the fifth generation of its direct lending strategy.

According to a press release from the Paris-headquartered alternative asset management and investment company, the Tikehau Direct Lending V (TDL V), the flagship vehicle for the Group's direct lending strategy, which has reached a final close, and bespoke mandates and side vehicles.

The fifth generation of its direct lending strategy is up 57% compared to the previous vintage. Within this strategy, Tikehau Capital's flagship fund received €2.1bn in capital commitments, a significant upsizing from the previous generation.

The capital raise received strong support from high-quality institutional investors globally with more than 35% of commitments received from outside of Europe, it said.

The strategy attracted capital from investors already present in the previous vintage and which increased their commitments by c. 60% in the fifth generation, as well as a growing number of new international LPs, which shows a wide recognition of Tikehau Capital's expertise and is a testament to the Group's global expansion strategy.

Cecile Mayer-Levi, head of Private Debt for Tikehau Capital, said: "The successful closing of TDL V is a tribute to the work of Tikehau Capital's experienced private debt team and its capacity to finance highly diversified operations in Europe. It also illustrates the sup......................

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