Tikehau Capital AUM reached EUR12.6 billion as at 30 September 2017, a 13 per cent net increase compared to 30 June 2017 and a 26 per cent increase since 31 December 2016.
The growth of EUR1.5 billion in AUM since 30 June 2017 was mainly driven by inflows of EUR0.6 billion in the private debt business and inflows of EUR0.3 billion in the liquid strategies. The private equity business also benefitted from the EUR0.7 billion capital increase completed on 23 July 2017.
In the private debt business, the increase in AUM was mainly driven by (i) Tikehau Direct Lending IV, the new vintage of direct lending fund, with the completion of an initial closing during the third quarter and (ii) the finalisation of a third CLO (Collateralised Loan Obligations) for a final amount of EUR435m. This fund, launched on 19 September 2017, enables Tikehau Capital to exceed EUR1 billion AUM in its CLO business.
The fixed income strategies continued to attract strong inflows over the third quarter; especially Tikehau Capital’s flagship bond fund “Tikehau Taux Variables” which broke through the EUR1.5 billion AUM threshold in August.