Tikehau Défense et Sécurité

Tikehau Défense et Sécurité is a buyout vehicle managed by Tikehau Investment Management and domiciled in France, where it is structured as an SLP operating under the FPS regime and authorised as an ELTIF under the ELTIF 2.0 framework. Launched in 2025 and denominated in EUR, it is one of 163 private equity funds on this platform and one of 32 that combine that asset class with a France domicile, within a tracked universe of 494 vehicles; 80 of those are domiciled in France. The fund is open-ended and distributed domestically to retail investors, with reported assets of and an asset trajectory of as of 31 Aug 2026.

Liquidity mechanics follow the open-ended ELTIF template rather than a closed-end drawdown model: subscriptions are accepted on a bi-monthly basis, redemption windows are also bi-monthly, and pricing is struck at a bi-monthly EUR NAV, so dealing and valuation cycles are aligned. An initial hard lock-up applies to subscribed capital before redemption rights become available, which is the principal constraint on exit timing for investors entering at launch stage. Buyout exposure held in an evergreen wrapper means redemption capacity remains dependent on portfolio realisations and available liquidity at each window.

The fund is classified Article 8 under SFDR and carries a summary risk indicator of 6, consistent with equity-type private markets exposure and limited interim liquidity. Economics comprise a management fee of and a performance fee of , which can be read against the terms disclosed by the other 32 private equity funds domiciled in France and the wider set of 163 private equity vehicles covered here.