Global Investors Back Tikehau Capital with Oversubscribed Fund to Capture Growing Secondary Debt Opportunities

Global Investors Back Tikehau Capital with Oversubscribed Fund to Capture Growing Secondary Debt Opportunities

(IN BRIEF) Tikehau Capital has closed its second private debt secondaries fund, TPDS II, with more than $1 billion in commitments, surpassing its $750 million target and doubling the size of its inaugural vehicle. The fund focuses on acquiring secondary private credit positions across Europe and North America, offering liquidity solutions to investors while capitalising on the growing maturity of the private credit market. Backed by a global mix of institutional investors and family offices, and already about 50% deployed, the strategy reflects rising demand for private debt secondaries and reinforces Tikehau Capital’s role as an early and active participant in this evolving segment of alternative asset management.

(PRESS RELEASE) NEW YORK, 17-Feb-2026 — /EuropaWire/ — Tikehau Capital has announced the successful final close of its second private debt secondaries fund, Tikehau Private Debt Secondaries II (TPDS II), together with related vehicles, securing more than $1 billion in limited partner equity commitments. The fund exceeded its initial fundraising target of $750 million and is more than twice the size of the firm’s first vintage, highlighting strong investor demand for exposure to this expanding segment of the private credit market.

The strategy builds on the platform launched in 2019, which positioned Tikehau Capital among the early movers in private debt secondaries — a market that has gained prominence as investors and fund managers seek liquidity solutions amid the continued maturation of global private credit. TPDS II draws on the firm’s credit expertise and sourcing network to identify and execute a broad spectrum of secondary transactions across Europe and North America.

The fund attracted a diversified international investor base, including institutional investors and family offices spanning Asia, Europe, North America and South America. Approximately half of the committed capital has already been deployed, reflecting active deal flow and execution since launch.

By expanding its presence in private debt secondaries, Tikehau Capital aims to provide flexible liquidity options to both limited partners and general partners while continuing to support the evolution of the private credit ecosystem. The closing of TPDS II underscores investor confidence in the firm’s specialised capabilities and its access to differentiated opportunities in a rapidly developing asset class.

Tikehau Capital manages €51.1 billion in assets as of September 2025 and operates across credit, real assets, private equity and capital markets strategies, complemented by multi-asset and special opportunities solutions. With offices spanning Europe, the Middle East, Asia and North America, the firm combines a global footprint with a founder-led model and co-investment approach designed to align interests with its investors while delivering long-term value and positive economic impact.

TIKEHAU CAPITAL
Tikehau Capital is a global alternative asset management Group with €51.1 billion of assets under management (as of 30 September 2025).

Tikehau Capital has developed a wide range of expertise across four asset classes (credit, real assets, private equity and capital markets strategies) as well as multi-asset and special opportunities strategies.

Tikehau Capital is a founder-led team with a differentiated business model, a strong balance sheet, proprietary global deal flow and a track record of backing high quality companies and executives.

Deeply rooted in the real economy, Tikehau Capital provides bespoke and innovative alternative financing solutions to companies it invests in and seeks to create long-term value for its investors, while generating positive impacts on society. Leveraging its strong equity base (€3.1 billion of shareholders’ equity as of 30 June 2025), the Group invests its own capital alongside its investor-clients within each of its strategies.

Controlled by its managers alongside leading institutional partners, Tikehau Capital is guided by a strong entrepreneurial spirit and DNA, shared by its 730 employees (as of 30 September 2025) across its 17 offices in Europe, the Middle East, Asia and North America.

Tikehau Capital is listed in compartment A of the regulated Euronext Paris market (ISIN code: FR0013230612; Ticker: TKO.FP). For more information, please visit: www.tikehaucapital.com.

PRESS CONTACTS:
Tikehau Capital: Valérie Sueur – +33 1 53 50 03 64
UK – Prosek Partners: Philip Walters – +44 (0) 7773 331 589
USA – Prosek Partners: Trevor Gibbons – +1 646 818 9238
press@tikehaucapital.com

SHAREHOLDER AND INVESTOR CONTACTS:
Théodora Xu – +33 1 40 06 18 56
Julie Tomasi – +33 1 40 06 58 44
shareholders@tikehaucapital.com

DISCLAIMER
This document does not constitute an offer of securities for sale or investment advisory services. It contains general information only and is not intended to provide general or specific investment advice. Past performance is not a reliable indicator of future earnings and profit, and targets are not guaranteed.

Certain statements and forecasted data are based on current forecasts, prevailing market and economic conditions, estimates, projections and opinions of Tikehau Capital and/or its affiliates. Due to various risks and uncertainties, actual results may differ materially from those reflected or expected in such forward-looking statements or in any of the case studies or forecasts. All references to Tikehau Capital’s advisory activities in the US or with respect to US persons relate to Tikehau Capital North America.

SOURCE: Tikehau Capital