Tikehau Capital has raised a record €3.3 billion for the fifth generation of its direct lending strategy, up 57% compared to the previous vintage.

Within this strategy, Tikehau Capital’s flagship fund received €2.1bn in capital commitments, a significant upsizing from the previous generation.

The capital raise received strong support from high-quality institutional investors globally including family offices, pension funds and insurance companies, with 83% of capital commitments from outside France and more than 35% from outside of Europe. Investors already present in the previous vintage increased their commitments by c60% in the fifth generation.

Read more: Private Equity Wire