Tikehau holds first close, launches fund

TGE II, like its predecessor, is backing small and medium-sized businesses across western Europe with EBITDA in the range of €5-50m, targeting the technology, industrials, healthcare and consumer sectors.

Tikehau has previously made private equity investments using its own capital and will make a "significant investment" in TGE II, which is also raising third-party capital.

The GP confirmed that Nexteam Group and Filiassur are portfolio companies of the vehicle.

Tikehau has also held a first close for Tikehau Special Opportunities Fund on €150m. The vehicle aims to earn mid-teen IRR on a diverse portfolio of corporate credit, real estate, direct lending and preferred equity investment types.

The fundraising efforts are following the close on €212m of Tikehau Novo 2018 in April 2018. The vehicle provides financing facilities to growing SMEs, in the form of bonds and loans.

Tikehau disclosed that the vehicle is backed by public sector financial institution Caisse des Dépôts et Consignations, eight insurance companies, a pension fund and a foundation. The LP base of the vehicle is France-based.

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• Topics
• Funds
• France
• Buyout
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• France
• Tikehau Capital