Private-credit & direct-lending funds

Tikehau Capital

Tikehau Capital is a Euronext-listed French alternative asset manager whose large pan-European private debt platform provides direct lending and bespoke corporate credit to SMEs and mid-caps, including in the UK.

What they do

Tikehau Capital is a listed alternative asset manager (founded 2004; €52.8bn group AUM at 31 December 2025) whose credit platform — c. €25bn, roughly 47% of group AUM — is one of the larger private debt franchises in Europe. Its direct lending strategy provides tailor-made debt financing to European SMEs and mid-caps, predominantly through first-lien instruments (unitranche and stretched senior), alongside senior, mezzanine, preferred equity and leveraged loans. The platform states deal sizes spanning roughly €3m to €300m and lends across France, Spain, Italy, Benelux and the UK, acting as arranger or financer. UK-facing activity runs through Tikehau Capital Europe Limited (FCA-authorised, FRN 647919) at 30 St Mary Axe, London.

Where they fit in a lower-mid-market raise

Tikehau is most naturally a counterparty at the upper end of, and above, Solon's 3–£15m range — typically sponsor-backed acquisition unitranche and growth financings for established mid-caps where a single relationship lender can write and hold a sizeable bilateral cheque. For a borrower at the larger, more structured end of the lower-mid-market (toward and beyond 15m, with a clear equity story or PE sponsor), they are a credible, well-capitalised provider of flexible first-lien capital with the balance sheet to scale facilities as the business grows. They also bring genuine ESG-margin-ratchet capability for borrowers with a decarbonisation angle.

Where they are not the fit

For a sub-£10m unsponsored corporate borrower seeking a straightforward bilateral facility, Tikehau is unlikely to be the right fit: the platform's stated band starts around €3m but its deployment, fund scale and franchise are oriented toward larger mid-market and sponsor-led transactions, where the work-to-quantum economics make sense. Founder-owned businesses without a sponsor, or those wanting clearing-bank-style working-capital and overdraft facilities rather than term private credit, will generally find more natural counterparties elsewhere. It is a fund, not a relationship bank.

On the record

  • Tikehau Capital is a French alternative asset manager founded in 2004 by Antoine Flamarion and Mathieu Chabran, headquartered in Paris.

    Wikipedia / Euronext IPO showcase

  • Tikehau Capital listed on Euronext Paris (Compartment A) on 7 March 2017; ticker TKO.

    Euronext

  • Tikehau Capital managed €52.8bn in assets under management as of 31 December 2025, with 717 employees across 17 countries.

    Tikehau Capital FY 2025 results

  • Tikehau's credit platform managed €25.0bn AUM as of 31 March 2026, representing 47% of group AUM across 271 portfolio companies, spanning senior, stretched senior, unitranche, mezzanine, preferred equity and leveraged loans.

    Tikehau Capital — Credit expertise page

  • Tikehau's private debt teams arrange/finance transactions (senior, unitranche, mezzanine) for sizes between roughly €3m and €300m.

    Tikehau Capital — Credit expertise page

  • The Direct Lending strategy targets European SMEs and mid-caps mainly in France, Spain, Italy, Benelux and the UK; the sixth vintage reached approximately €3.5bn AUM as of 30 June 2025.

    Tikehau Capital H1 2025 results

  • Tikehau topped European direct-lending deal rankings for the France and UK & Ireland regions in 2023; it acted as sole arranger of a €95m unitranche backing BC Partners' acquisition of healthcare moulding maker IGS GeboJagema.

    Reorg European Direct Lender Rankings FY2023

  • UK-facing activity runs through Tikehau Capital Europe Limited, authorised and regulated by the FCA (FRN 647919), registered office 30 St. Mary Axe, London EC3A 8BF.

    Tikehau Capital — Regulatory Notices / MIFIDPRU disclosures

  • Tikehau Capital Europe Limited (company number 09154248) was incorporated on 30 July 2014, status Active, registered at 30 St. Mary Axe, London EC3A 8BF; SIC 64999 (financial intermediation n.e.c.).

    Companies House

This profile is a curated reference note drawn from public sources, not financial advice or a recommendation. Appetite and terms change; a lender's fit for a given credit is established by approaching it, not inferred from a page.