
Tikehau Capital: AuM up 13% in H1
(CercleFinance.com) - Alternative asset management company Tikehau Capital saw its assets under management rise by 13% in the first half, reaching E45.
6bn at 30 June.
The group claims to have generated a 'record' level of net inflows for H1, with E3.4bn of new money raised, around 75% of which came from international clients.
In H2, Tikehau also expects an acceleration in inflows, thanks to solid commercial and transactional momentum.
Its medium-term outlook is also confirmed, with the company still aiming to reach over E65bn in assets under management by 2026.
The group also explains that it is targeting a return on equity of around 15%, boosted by net income, group share, of around E500m.
Following this publication, the share was down over 3% in late morning trading.
In a reaction note, analysts at RBC highlighted a disappointing operating result for the asset management division, at E51.4m for H1, against consensus expectations of E66m.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
6bn at 30 June.
The group claims to have generated a 'record' level of net inflows for H1, with E3.4bn of new money raised, around 75% of which came from international clients.
In H2, Tikehau also expects an acceleration in inflows, thanks to solid commercial and transactional momentum.
Its medium-term outlook is also confirmed, with the company still aiming to reach over E65bn in assets under management by 2026.
The group also explains that it is targeting a return on equity of around 15%, boosted by net income, group share, of around E500m.
Following this publication, the share was down over 3% in late morning trading.
In a reaction note, analysts at RBC highlighted a disappointing operating result for the asset management division, at E51.4m for H1, against consensus expectations of E66m.
Copyright (c) 2024 CercleFinance.com. All rights reserved.