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Tikehau IM launches new European leveraged loan vehicle targeting PE-backed companies

22 Nov 2013

Tikehau IM, the credit-orientated investment management subsidiary of Tikehau Group, has launched FCT Tikehau Corporate Leveraged Loan Fund, its new pan-European leveraged loan vehicle.

The vehicle will seek to invest in senior secured loans made primarily to European private equity sponsored companies in order to support buyout, expansion and recapitalisation transactions.

The fund has completed a first closing, enjoying “strong traction” amongst European institutional investors looking to increase exposure to the senior leveraged loan market in Europe, according to Mathieu Chabran, co-founder & CIO of Tikehau IM. He said, “The launch of this new fund reaffirms Tikehau Group’s commitment to being a leading participant in the leveraged loan markets at a time of renewed sponsor driven buy-out activity. Leveraged loans are an increasingly popular financial instrument for investors, considering they are senior, secured and provide floating rate exposure.”

The FCT Tikehau Corporate Leveraged Loan Fund is the latest offering from Tikehau Group’s €2.3bn AUM credit investment management platform.

Tikehau IM was selected in July to manage Novo 2, one of the two funds, created by a consortium of insurance companies, to provide up to €1bn in total fundings to mid-market corporates.

Earlier this year UK private equity firm Duke Street Capital agreed to sell a 35 per cent stake in the firm toTikehau, with a view to launching a new £150m fund.

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