Tikehau Capital closes second vintage of special opportunities strategy above target

Tikehau Capital has completed the closing of Tikehau Special Opportunities Fund II (TSO II) with €617 million ($727 million) in capital commitments, against an initial target of €500 million ($589 million).

Launched in late 2019, TSO II is the second vintage of Tikehau Capital’s special opportunities strategy and is more than four times larger than its predecessor, according to the firm. The fund was backed by existing and new LPs and partners, including insurance companies, pension funds and family offices across 16 countries.

With an opportunistic and multi-sector approach, TSO II has a flexible investment mandate, providing corporate and asset-backed capital solutions across primary and secondary credit markets in Europe. More recently, the Tactical Strategies team has shifted its focus to private situations across real estate and corporate credit.

“We will continue to follow the same discipline's patient and opportunistic strategy, which is designed