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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...................... To view our full article Click here
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