Tikehau Capital, the global alternative asset management group, has held the final close of Tikehau Special Opportunities Fund II (TSO II) with total commitments of EUR617 million.
TSO II, which had an initial target of EUR500 million, is the second vintage of Tikehau Capital’s Special Opportunities strategy and is more than four times larger than its predecessor.
Launched in late 2019, TSO II has a flexible investment mandate, providing corporate and asset-backed capital solutions across primary and secondary credit markets in Europe. The strategy’s opportunistic and multi-sector approach enables it to invest through market cycles and macro-economic environments. It is managed by a diverse and experienced team of eight professionals and draws upon the expertise of the wider Tikehau Capital investment platform across private debt, private equity, real estate and capital markets.
To date, TSO II has deployed more than 50 per cent of its commitments through closed and secured investments. The pace of deployment increased substantially in 2020 following the onset of the Covid-19 pandemic. More recently, the Tactical Strategies team has pivoted its focus towards private situations across real estate and corporate credit, demonstrating the agility of the strategy. Typical investments range from rescue loans to corporate liquidity financings, to bespoke capital solutions to support the expansion plans of companies with limited access to traditional capital markets and financing solutions.
Read more/Source: Private Equity Wire
