Tikehau Capital’s assets under management rose to €52.8bn (£46.2bn) at the end of 2025, as the firm reported realisations more than double the level of the previous year, driven by growth in private credit and private equity.
In its full-year earnings report, the French alternative asset manager said it achieved “record levels” of deployment of €7.6bn, up 35 per cent on 2024, and realisations of €4bn.
Credit accounted for 66 per cent of realisations at €2.7bn, compared with €1.4bn in 2024. Private equity also recorded a strong year, with realisations of €867m in 2025, up from €156m the previous year.
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Gross inflows exceeded €10bn for the first time, reaching €10.5bn, while net new money totalled €8bn. Tikehau said 80 per cent of net inflows came from international investors in 2025, supported by three significant commitments from new limited partners in Japan, Germany and the US.
Of the €8bn in net new inflows, €4.4bn was generated by Tikehau’s credit platform, representing 55 per cent of new money. Equity strategies attracted €2bn, while real assets accounted for €1.3bn and capital markets strategies €232m.
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“It is our continued commitment to delivering robust performance and consistent value to our clients, capitalising on our balance sheet to support opportunities, and accelerating capital rotation,” said Antoine Flamarion and Mathieu Chabran, co-founders of Tikehau Capital. “Our strong entrepreneurial culture underpins our two distinct yet synergistic engines – asset management and principal investment platforms – offering significant optionality for us to seize opportunities ahead.”
The results also reported that Tikehau’s climate and biodiversity assets under management reached €5.8bn, exceeding its target, due to its private equity decarbonisation strategy and in financing the climate transition within its credit strategies.
Tikehau reported core fee-related earnings of €148m in 2025 and a net result, group share, of €136m. It also proposed a dividend of €0.80 per share.
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