Tikehau adds euro private credit strategy to iCapital Marketplace

Tikehau Capital has added a European private credit strategy to iCapital Marketplace, extending a partnership with the platform that dates to September 2022, Alternatives Watch reported. Neither firm named the strategy or disclosed its size.

The Luxembourg-domiciled fund is euro-denominated, structured as an evergreen European long-term investment fund and invests primarily in first-lien senior secured debt issued by European companies.

The fund is available to wealth managers in eligible EMEA markets and widens iCapital Marketplace's evergreen and ELTIF 2.0 offerings.

Thomas Friedberger, Tikehau's deputy CEO, said private wealth investors are seeking diversified sources of income and that ELTIF 2.0 structures can broaden their access to private market strategies. Jocelyn Pidoux, head of asset manager solutions for EMEA at iCapital, said wealth managers are looking for more effective ways to incorporate private credit into client portfolios.

The marketplace connects wealth managers, private banks, independent financial advisors and family offices with private market funds and handles subscriptions, investor onboarding, servicing and advisor education. Tikehau launched a customised platform on iCapital technology in 2022 with two products: the second vintage of an impact-focused real estate value-add strategy and the third vintage of a special opportunities credit strategy. At the time, Tikehau said its funds would also be available through Allfunds, a distribution network that partnered with iCapital in June 2021. Tikehau managed €53.5 billion ($60 billion) as of June 30.