Tikehau Capital reported Thursday its assets under management (AUM) climbed 20.1 percent in 2021 to €34.3 billion ($39.34 billion), exceeding its target of €33.5 billion.
The increase was driven by a fourth-quarter inflow of €2.6 billion in net new money, for a total of €6.4 billion in net new money for the full year, the European asset manager said in a statement.
The asset manager also said its funds deployed €5.5 billion, 83 percent above its €3 billion average for the past three years, with €3.7 billion invested by its closed-end funds in the second half, compared with €1.9 billion in the first half.
Private Debt Leads Investments
Around 65 percent of the total deployment was by private debt funds, while real asset funds made up 24 percent and private equity 11 percent, the statement said.
Private debt also accounted for 50 percent of the net new money, driven by direct lending and its new impact lending and secondary private debt strategies, the asset manager said.
«The acceleration of investment activity stems from Tikehau Capital’s multi-local platform, leveraging its strong local presence and deal sourcing, alongside the firm’s strong investment discipline and focus on ESG across asset classes,» the asset manager said.
Healthy Pipeline and Dry Powder
«In 2021, portfolio assets and companies posted strong levels of growth and value creation, as evidenced by the positive market effects recorded during the year, and the group was able to seize attractive divestment opportunities, therefore crystallizing compelling performance for its clients,» Tikehau said.
The asset manager said it has a «very healthy» pipeline for deployment ahead, with dry powder of €6.2 billion within its funds, about the same as at the end of 2020.
Singapore state-owned investment company holds a 3.2 percent stake in Tikehau Capital via indirect wholly owned subsidiary Esta Investments, according to Tikehau Capital’s financial statement for the January-to-June period.
