Tikehau Capital has closed its second vintage private debt secondaries fund with over $1bn (£0.73bn) in commitments, beating its $750m target.
Tikehau Private Debt Secondaries II (TPDS II), which is more than double the size of its inaugural vintage, attracted a diverse investor base, including institutions and family offices from Asia, Europe, North America and South America.
It has already deployed around 50 per cent of its committed capital.
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TPDS II will access and underwrite a wide range of secondary transactions across North America and Europe, the Paris-headquartered alternative asset manager said.
“We are humbled by the trust our investors have placed in us,” said Pierpaolo Casamento, head of private debt secondaries, Tikehau Capital.
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“This successful raise reflects our track record and credit capabilities and affirms Tikehau Capital’s specialised and differentiated access to the private debt secondaries market.”
Tikehau has €51.1bn (£44.6bn) of assets under management across credit, real assets, private equity and capital markets strategies, as well as multi-asset and special opportunities strategies.
It launched its private debt secondaries platform in 2019.
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