Tikehau sets sights on €35bn AUM, plans to launch new funds
After reporting assets under management of €25.8bn in 2019, up 17% on 2018, Tikehau Capital has set a target of €35bn in assets under management and €100m in operating income from its asset management activity, to achieve by 2022.
Tikehau also plans to launch new initiatives in 2020, including a fifth generation of its direct lending fund, after the commercial success achieved by the fourth generation of funds, which raised a total of €2.1bn; a private debt secondary fund, which will benefit from the firm's expertise in private debt; and a private debt impact fund, to finance companies developing projects that contribute to tackling climate change and promoting a low-carbon economy.
The group's operating profit from asset management activities was €58.5m in 2019, a threefold increase from 2018 on a reported basis, and a 48% increase at constant scope. Revenues from the asset management activity increased by 39% in 2019 to stand at €174.8m, compared with €125.8m in 2018.
The group's shareholder's equity was €3.1bn at the end of 2019, compared to €2.3bn in 2018. Tikehau completed a capital increase of €715m in June 2019. This was the most significant capital increase in Tikehau's history and will enable the group to consolidate its position across the buoyant alternative asset management market.
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