Fund of Funds

Tikehau Capital

Tikehau Capital is a Paris-based global alternative asset management group managing capital across private equity, private credit, real estate, and capital markets strategies.

Assets Under Management
$47
As of 2025-12-31
Alternatives Allocation
95%
of total portfolio
Headquarters
Paris, France
Asset Classes
Private EquityPrivate CreditReal EstateCapital Markets

Overview

Tikehau Capital is a global alternative asset management group headquartered in Paris, managing approximately EUR 47 billion in assets. The firm was founded in 2004 and has grown into one of Europe’s largest independent alternative investment platforms, spanning private equity, private credit, real estate, and capital markets strategies.

Tikehau’s private equity activities include both direct investing and fund-of-funds commitments. The firm manages its own private equity funds that invest directly in European mid-market companies, while also maintaining a portfolio of commitments to external PE and VC fund managers through its fund-of-funds and co-investment programs. This combination of direct and indirect strategies gives Tikehau a multi-dimensional view of the private equity market.

The firm’s permanent capital base, anchored by its founding partners and strategic shareholders, provides stability and long-term alignment that supports patient capital deployment across market cycles. Tikehau is listed on Euronext Paris, providing transparency and public market discipline alongside its alternative investment activities.

How to Approach

GPs seeking European institutional capital should consider Tikehau Capital for both its fund-of-funds commitments and potential co-investment partnerships. The firm is active across private equity strategies with particular interest in European mid-market opportunities.

Tikehau evaluates external fund managers through a comprehensive due diligence process informed by its direct investing experience. This means the firm can evaluate GPs with a practitioner’s perspective on deal execution, value creation, and exit strategies. GPs with European strategies, particularly in the mid-market, will find strong alignment. The firm also considers managers with complementary strategies to its direct investing activities, where portfolio intelligence and deal flow sharing can create mutual value.

FAQ

Frequently Asked Questions

What is Tikehau Capital's business model?

Tikehau Capital operates as both a direct alternative asset manager and a fund-of-funds investor. The firm manages direct investment strategies in private equity, private credit, and real estate while also maintaining a significant portfolio of commitments to external fund managers. Tikehau's shareholders, including its founding partners and strategic investors, provide permanent capital that anchors the firm's fund vehicles.

What types of private equity does Tikehau Capital invest in?

Tikehau Capital's private equity activities span direct investments, fund-of-funds commitments, and co-investments. The firm invests directly in European mid-market companies through its own PE funds while also committing capital to external managers across buyout, growth equity, and specialty strategies. This dual approach gives Tikehau both direct deal-level insight and broad market coverage through its GP relationships.

What is Tikehau Capital's geographic focus?

Tikehau Capital is headquartered in Paris with offices in London, Brussels, Luxembourg, Milan, Madrid, New York, Singapore, Seoul, Tokyo, and other locations. The firm invests primarily in Europe and North America, with selective exposure to Asian markets. Tikehau's European roots give it deep access to Continental European deal flow and GP relationships.

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