Tikehau Capital Europe has priced a €402.8m (£348.7m) collateralised loan obligation (CLO).
The Tikehau CLO XV DAC was arranged by Deutsche Bank, with Tikehau Onyx Loan Management acting as retention holder.
The structure of the transaction ranges from AAA-rated Class A notes (€248m) and AA-rated Class B notes (€44m), alongside unrated subordinated notes totalling €28.8m.
Read more: Private credit drives record realisations for Tikehau Capital
Settlement is due on 8 May 2026, while the CLO’s reinvestment period runs until 8 May 2031.
French alternative asset manager Tikehau Capital recently reported that assets under management rose to €52.8bn at the end of 2025, driven by growth in private credit and private equity.
The asset manager’s four main business lines are credit, real assets, private equity and capital markets strategies.
Asset managers have seen strong demand from investors for European CLOs recently, in particular for higher-rated tranches.
Earlier this month, Royal London Asset Management launched a €500m European CLO which it said was Europe’s largest CLO issuance of 2026 so far, citing strong market demand.
Meanwhile, Pemberton is one of several asset managers that has sought to strengthen its CLO platform, with the hire of Oaktree’s Jay Daryanani as managing director in its CLO team.
