Tikehau Dette Privee Europe

Tikehau Dette Privee Europe is a direct lending vehicle managed by Tikehau Investment Management and domiciled in France, launched in 2026 and denominated in EUR. It is structured as an ELTIF under the ELTIF 2.0 framework and authorised under the FCPR regime, taking the form of an open-ended fonds commun de placement aimed at retail investors through domestic distribution channels. The ELTIF 2.0 framework is what allows a long-dated, illiquid loan book to be packaged for non-professional subscribers, subject to the liquidity management tools and redemption policy set out in the fund rules rather than daily dealing.

The portfolio is built through directly originated and bilaterally negotiated loans to European mid-market borrowers, so returns are driven by contractual coupon income and repayment schedules rather than by exit markets. Because the underlying assets are held to maturity in the normal course, the open-ended wrapper relies on scheduled subscription and redemption windows and on the manager's liquidity sleeve to reconcile investor dealing with the amortisation profile of the loan book. Reported assets stand at , with a flow pattern of since launch, and the exposure is spread across European jurisdictions on a basis.

For positioning, the fund sits among 148 private debt vehicles and 80 French-domiciled funds covered on this page, and is one of 19 funds combining both characteristics within a tracked universe of 494. Minimum subscription, dealing frequency, notice period, SFDR classification and the summary risk indicator are not disclosed in the data set as of 31 Aug 2026, so prospective subscribers should refer to the current prospectus and key information document for those terms.