PARIS--(BUSINESS WIRE)--Regulatory News:
Tikehau Capital (Paris:TKO) announces a total of €14.2bn in assets under management as at 31 March 2018, reflecting an increase of 3% during Q1 2018.
Growth of 3% in assets under management over the first quarter of 2018
Tikehau Capital’s AuM totalled €14.2bn as at 31 March 2018. The €0.4bn first quarter increase in assets under management was driven by net inflows of €0.6bn, partially offset by the impact of distributions carried out during the period.
As at 31 March 2018, the breakdown for Tikehau Capital’s assets under management was as follows:
|
Total AuM as at (in €bn) |
% of Group AuM |
Growth rate vs. |
||||||
| 31.03.2018 | 31.12.2017 | |||||||
| Private Debt | 6.1 | 43% | 43% | +1% | ||||
| Real Estate | 2.2 | 16% | 16% | - | ||||
| Liquid Strategies | 3.3 | 23% | 23% | +5% | ||||
| Private equity | 2.6 | 18% | 18% | +4% | ||||
| Total | 14.2 | 100.0% | 100.0% | +3% | ||||
Private Debt: €6.1bn in AuM as at 31 March 2018
During
the first quarter of 2018, the private debt business continued to grow,
with AuM increasing by €0.1bn:
- Direct lending –During the marketing phase for Tikehau Direct Lending IV (TDL IV), Tikehau Capital completed several closings and TDL IV already reached a larger size than the preceding fund (TDL III).
- Corporate lending – Tikehau Capital launched the Tikehau NOVO 2018 fund, a new vintage of the NOVO 2 fund launched in 2013 that currently represents €0.2bn in AuM. The launch of the NOVO 2018 fund coincides with the efforts of the French Insurance Federation (FFA) and the Caisse des Dépôts et Consignations (CDC) to provide and support innovative financing for French companies.
- CLO – Tikehau Capital is in the warehousing phase for its fourth CLO which should launch during summer 2018.
Real Estate: €2.2bn in AuM as at 31 March 2018
During
the first quarter of 2018, Tikehau Capital prepared the launch phase for
Tikehau Real Estate Opportunities (TREO), an opportunistic real estate
fund implementing a value-added strategy investing in commercial
property, hotels and developement focusing on the European market.
Liquid Strategies: €3.3bn in AuM as at 31 March
2018
AuM in liquid strategies have been driven by growth in
the Tikehau Taux Variables fund which is now a reference in its segment.
Private Equity: €2.6bn in AuM as at 31 March 2018
Drawing
on its expertise and longstanding track-record, Tikehau Capital has
launched two new schemes within the development of its private equity
business line for its client-investors:
- An energy transition fund launched in association with Total SA which has already received €0.2bn in commitments; and
- A minority-investment theme fund (Tikehau Growth Equity II) is currently being launched. This fund has made an initial investment into Filiassur and is in exclusive talks for an investment into Nexteam.
Further dynamic growth in 2018
Tikehau Capital has recorded strong marketing momentum across all of its business lines which should lead to a significant growth in AuM during 2018. This dynamic momentum, visible in France and internationally, is being driven by funds which are currently in the launch process across its four business lines.
Private Debt
Further to the measures
implemented during the first quarter, Tikehau Capital is also developing
its senior loans strategy by launching the marketing phase of a new
vintage fund succeeding to Tikehau Senior Loan II (TSL II) which
represented €0.6bn AuM as at 31 March 2018.
Real Estate
Boosted by marketing
strategies initiated during the first quarter of 2018, the Tikehau Real
Estate Opportunities fund (TREO) benefitted from an initial contribution
of €0.3bn, mainly from a leading Singapore-based investor alongside
Tikehau Capital.
Liquid Strategies
AuM in liquid
strategies have been driven further by the excellent performance of the
Tikehau Taux Variables fund (TTV) which exceeded €2bn in AuM in early
May 2018.
Private Equity
Projects launched
during the first quarter are set to continue and should further increase
AuM over the coming quarters.
About Tikehau Capital
Tikehau Capital is an asset management and investment Group which manages €14.2bn of assets with shareholders’ equity of €2.5bn (as at 31 December 2017). The Group invests in various asset classes (private debt, real-estate, private equity and liquid strategies), including through its asset management subsidiary Tikehau IM, on behalf of institutional and private investors. Controlled by its managers, alongside leading institutional partners, Tikehau Capital employs 200 staff in across its Paris, London, Brussels, Madrid, Milan, New York, Seoul and Singapore offices.
Tikehau Capital is listed on Euronext Paris, compartment A (ISIN code: FR0013230612; Ticker: TKO.FP)
