Tikehau Private Debt Secondaries Flex Fund (Luxembourg) SCSp

Tikehau Private Debt Secondaries Flex Fund (Luxembourg) SCSp is an open-ended vehicle managed by Tikehau Investment Management, domiciled in Luxembourg and authorised under the SIF regime. It is structured as a SICAV and launched in 2026, with EUR as its base currency. As a Non-ELTIF vehicle it sits outside the ELTIF framework (N/A), so it is marketed to professional investors on a pan-European basis rather than through the retail-oriented ELTIF passport, and subscription and redemption terms are set at the share-class level under the fund's own documentation rather than by the ELTIF liquidity rules.

The mandate combines private debt exposure with a secondaries approach, meaning capital is deployed primarily into existing private credit fund interests and portfolios acquired from current holders rather than into newly originated primary commitments. That purchase-side entry point shortens the period between commitment and underlying cash yield and gives the manager visibility on seasoned loan books at the point of acquisition, which is the mechanism an open-ended structure relies on to support ongoing dealing while the underlying assets remain illiquid. Reported assets under management stand at , which can be read against the size distribution of its peer set.

Within the coverage universe of 494 vehicles as of 31 Aug 2026, the fund is one of 148 private debt strategies tracked, one of 347 domiciled in Luxembourg, and one of 108 that combine both characteristics. Investors comparing it with that cohort should note that the secondaries focus and the non-ELTIF, professional-investor framing narrow the directly comparable group considerably.