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.”


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...