Tikehau Capital has reported “solid momentum” in the first quarter, as its assets under management (AUM) grew by 12 per cent year-on-year.
AUM reached €49.6bn (£42.3bn) during the first three months of the year. Meanwhile, group AUM grew by 14 per cent year-on-year, to €50.6bn.
In a new update to investors, the French alternative asset manager reported an 11 per cent year-on-year increase in fundraising across the first quarter of 2025, with €1.6bn raised. This brings the firm’s 12-month fundraising total to €7.2bn.
Tikehau said that its first quarter performance was driven by public and private credit strategies, which offer “resilient and compelling risk-adjusted returns, particularly attractive in today’s uncertain market backdrop”.
By 31 March 2025, 46 per cent of the company’s AUM was in credit strategies – a 15 per cent year-on-year increase.
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“In a context of renewed volatility and uncertainty, Tikehau Capital stands out with its defensive, multi-country profile, well-established thematic strategies and disciplined investment approach,” said Tikehau Capital in a statement.
“The group remains highly vigilant regarding the evolution of the macroeconomic and geopolitical environment and the potential impacts on transaction activity and portfolio companies and assets.
“Current market volatility, driven by tightening liquidity and recent trade tariffs, is creating compelling opportunities. As a liquidity provider, Tikehau Capital is well-positioned to capitalise on these dynamics through its well-established strategies such as credit secondaries and tactical strategies.”
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The company added that investor sentiment towards Europe is strengthening, driven by renewed confidence in the region’s economic and strategic direction.
“Tikehau Capital is seeing growing interest from global allocators, especially in Asia and the Middle East, on its European strategies,” the company said.
“With a strong local footprint and a focus on key themes, the group is well positioned to capture the opportunities emerging from this reshaped landscape.”
The firm has set a target to generate €65bn of AUM by 2026, as well as €250m of fee-relating earnings and €500m of net income.
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