Tikehau Capital Surpasses Target with €617m Final Close for Second Vintage of European Special Opportunities Strategy
- Final close of Tikehau Special Opportunities Fund II reaches
€617m, four times the amount raised by its predecessor.
- TSO II thus exceeds initial target by almost 25%, with 68% of
re-up from TSO I’s investors as well as new LPs.
- This success illustrates the relevance of Tikehau Capital’s
Special Opportunities strategy, managed by the Tactical Strategies
team launched end-2019, which provides opportunistic and flexible
capital in situations of market dislocation and funding scarcity,
drawing on the expertise of the wider Tikehau Capital investment
- Across its different vehicles, the Tactical Strategies team
deployed c. €450m over the past 15 months across 18 proprietary,
predominantly off-market transactions.
Tikehau Capital (Paris:TKO), the global alternative asset
management group, today announces the final close of Tikehau
Special Opportunities Fund II (TSO II) with total commitments of
€617m. TSO II, which had an initial target of €500m, is the second
vintage of Tikehau Capital’s Special Opportunities strategy and is
more than four times larger than its predecessor.
Launched in late 2019, TSO II has a flexible investment mandate,
providing corporate and asset-backed capital solutions across
primary and secondary credit markets in Europe. The strategy’s
opportunistic and multi-sector approach enables it to invest
through market cycles and macro-economic environments. It is
managed by a diverse and experienced team of 8 professionals and
draws upon the expertise of the wider Tikehau Capital investment
platform across private debt, private equity, real estate and
Maxime Laurent-Bellue, Head of Tactical Strategies at Tikehau
Capital, said: "TSO II exceeded its fundraising target thanks
to the support of existing and new LPs and partners, including
insurance companies, pension funds and family offices across 16
countries. Our differentiated strategy is attractive to clients,
and they value the expertise of our team and Tikehau Capital’s
track-record of delivering strong risk-adjusted returns. We have a
very strong pipeline of opportunities, and we will continue to
focus on the fund’s deployment."
Jean Odendall, Fund Manager of Tikehau Special Opportunities
II, added: “We will continue to follow the same disciplined
patient and opportunistic strategy which is designed to help
borrowers in Europe who are currently unable to access traditional
funding solutions. Each situation is unique, and our priority is to
provide bespoke, innovative and flexible capital solutions on a
case-by-case basis to generate attractive risk-adjusted returns for
To date, TSO II has deployed more than 50% of its commitments
through closed and secured investments. The pace of deployment
increased substantially in 2020 following the onset of the Covid-19
pandemic. More recently, the Tactical Strategies team has pivoted
its focus towards private situations across real estate and
corporate credit, demonstrating the agility of the strategy.
Typical investments range from rescue loans to corporate liquidity
financings, to bespoke capital solutions to support the expansion
plans of companies with limited access to traditional capital
markets and financing solutions.
Tikehau Capital is a global alternative asset management group
with €29.4 billion of assets under management (as of 31 March
2021). Tikehau Capital has developed a wide range of expertise
across four asset classes (private debt, real assets, private
equity and capital markets strategies) as well as multi-asset and
special opportunities strategies.
Tikehau Capital is a founder led team with a differentiated
business model, a strong balance sheet, proprietary global deal
flow and a track record of backing high quality companies and
Deeply rooted in the real economy, Tikehau Capital provides
bespoke and innovative alternative financing solutions to companies
it invests in and seeks to create long-term value for its
investors, while generating positive impacts on society. Leveraging
its strong equity base (€2.8 billion of shareholders’ equity as of
31 December 2020), the firm invests its own capital alongside its
investor-clients within each of its strategies.
Controlled by its managers alongside leading institutional
partners, Tikehau Capital is guided by a strong entrepreneurial
spirit and DNA, shared by its 607 employees (as of 31 March 2021)
across its 12 offices in Europe, Asia and North America. Tikehau
Capital is listed in compartment A of the regulated Euronext Paris
market (ISIN code: FR0013230612; Ticker: TKO.FP).
For more information, please visit: www.tikehaucapital.com
This transaction was carried out by TIKEHAU INVESTMENT
MANAGEMENT SAS (on behalf of the funds that it manages), a
portfolio management company approved by the AMF since 19/01/2007
under number GP-0700000006.
This document does not constitute an offer of securities for
sale or investment advisory services. It contains general
information only and is not intended to provide general or specific
investment advice. Past performance is not a reliable indicator of
future earnings and profit, and targets are not guaranteed.
Certain statements and forecasted data are based on current
forecasts, prevailing market and economic conditions, estimates,
projections and opinions of Tikehau Capital and/or its affiliates.
Due to various risks and uncertainties. actual results may differ
materially from those reflected or expected in such forward-looking
statements or in any of the case studies or forecasts. All
references to Tikehau Capital’s advisory activities in the US or
with respect to US persons relate to Tikehau Capital North
Please note that the shares of TSO II are only open to
professional clients within the MiFID and that the marketing period
of TSO II is now closed.
version on businesswire.com: https://www.businesswire.com/news/home/20210725005015/en/
PRESS: Tikehau Capital: Valérie Sueur – +33 1 40 06 39 30 UK –
Prosek Partners: Henrietta Dehn – +44 7717 281 665 USA – Prosek
Partners: Trevor Gibbons – +1 646 818 9238
SHAREHOLDER AND INVESTOR: Louis Igonet – +33 1 40 06 11 11
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