Tikehau IM Launches Euro Leveraged Loan Fund

Nov 22 2013 | 8:04am ET

Paris-based Tikehau IM, a credit-oriented investment manager, has launched a pan-European leveraged loan vehicle.

The FCT Tikehau Corporate Leveraged Loan Fund, which started operations in November, will target senior secured loans to private equity-sponsored companies (mostly European) in support of buyout, expansion and capitalization deals.

The fund is the latest offering from the Tikehau Group's €2.3 billion credit investment manager platform.

Tikehau said the fund's first closing enjoyed “strong traction amongst European institutional investors” but did not reveal the total raised.

Said Mathieu Chabran, co-founder and CIO of Tikehau IM, in a statement: “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 activitiy. Leveraged loans are an increasingly popular financial instrument for investors, considering they are senior, secured and provide floating rate exposure.”

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