Tikehau Capital posts record half-year fundraising and maintains solid growth

Tikehau Capital, the global alternative asset management group, has published its financial results for the first half of 2025, consolidating its long-term growth trajectory with record fundraising and a sharp increase in net profit.

Assets Under Management Reach €51 Billion

As of June 30, 2025, the group’s assets under management (AuM) stood at €51 billion, representing a 12% year-on-year increase. Over the past twelve months, Tikehau Capital raised €10.1 billion in gross inflows, with a record-high €5.2 billion raised in the first half alone and €4.0 billion in net inflows. The momentum was largely driven by strong performance in the Credit and Private Equity strategies.

A Diversified and Global Investor Base

Tikehau Capital continues to benefit from a robust co-investment model and an increasingly global and diversified investor base. Approximately 80% of net inflows in H1 2025 came from international investors, with growing interest from Asia in the firm’s European thematic strategies.

Key Highlights from H1 2025

Net profit rose to €87 million, a 50% year-on-year increase.
Income from the group’s own balance sheet reached €111 million, up 42%, reflecting strong strategy performance.
Capital deployment totaled €2.9 billion, focused on larger and more geographically diverse transactions.
Divestments amounted to €1.5 billion, a 68% increase versus H1 2024, supporting new fundraising cycles.
Successful issuance of a €500 million bond.
Thematic strategies in climate and biodiversity reached €4.7 billion in AuM, a 42% year-on-year increase.
Exit from Dedalus, a European healthcare IT company backed by Tikehau Capital since 2016, showcasing the firm’s disciplined value creation through co-investment.
€1 billion capital raise for Egis, a global engineering, mobility and urban services firm.

Strong Presence in Spain

In H1 2025, Tikehau Capital strengthened its presence in Spain through several strategic transactions:

In Private Equity, the firm advanced new investments such as EYSA (urban mobility management) in its decarbonization strategy and consolidated co-investment in Juan Navarro García (paprika and oleoresins) as part of its regenerative agriculture platform.
In Direct Lending, new financing deals were executed in Spain as part of the group’s multi-geographic credit platform.

These transactions reflect Tikehau Capital’s positioning around key structural megatrends such as decarbonization, defense, cybersecurity, and sustainable agriculture—verticals the group continues to develop with a long-term focus.

Strong Growth in Revenues and Profitability

Asset Management Revenue: €182 million (+13%)
Core FRE: €60 million (+8%)
Asset Management EBIT: €64 million (+24%)
Group Net Profit: €87 million (+50%)

Record Fundraising Momentum

Gross inflows: €5.2 billion in H1 2025
Net inflows: €4.0 billion
€10.1 billion in gross inflows over the last 12 months
80% of net inflows from international clients
31% from private clients

Disciplined Capital Deployment

€2.9 billion deployed in H1 2025, with larger and more geographically diversified investments
€1.5 billion in realizations (+68% vs. H1 2024)

Growth in Impact and Thematic Strategies

€4.7 billion in AuM across climate and biodiversity strategies (+42%)
Launch of new strategies tailored to private clients and insurers
Launch of the firm’s first semi-liquid private debt fund

Strong Alignment of Interests

70% of the group’s balance sheet is invested in its own managed strategies
€7.8 billion of dry powder available for new opportunities

Outlook

Tikehau Capital remains confident in the second half of 2025, anticipating further growth in revenues and profitability. The group is on track to achieve its 2026 strategic targets: €65 billion in AuM, €250 million in FRE, and €500 million in net profit.

About Tikehau Capital
Tikehau Capital is a global alternative asset management group with €51 billion in assets under management (as of 30 June 2025). The firm operates across four core asset classes: Private Debt, Real Assets, Private Equity, and Capital Markets Strategies. Guided by a long-term and responsible investment philosophy, Tikehau Capital has developed a strong platform for sustainable value creation. The group is headquartered in Paris and operates in over 15 offices worldwide.

For more information, visit www.tikehaucapital.com

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