Tikehau Capital has raised a record €3.3 billion ($3.4 billon) for the fifth generation of its direct lending strategy fund.
The fundraise comprises Tikehau Direct Lending V (TDL V), the flagship vehicle for the Group’s direct-lending strategy, which has reached a final close. Launched at the end of 2020, TDL V aims to provide financing solutions to European small and medium enterprises (SMEs)
The amount raised for the fifth generation of the direct lending strategy exceeds by 57 percent the €2.1 billion ($2.1 billon) raised for the previous generation in 2019.
Investors include family offices, pension funds and insurance companies. The strategy attracted capital from investors already present in the previous vintage and which increased their commitments by 60 percent in the fifth generation, as well as a growing number of new international limited partners. In addition, 83 percent of capital commitments were received from LPs based outside of France, and