Tikehau Capital: 13% increase in Q1 AuM

(CercleFinance.com) - On Wednesday, asset management company Tikehau Capital reported a 13% y-o-y increase in assets under management for Q1.


At end-March, assets under management totaled E44.4bn, up 3% from 31 December 2023.

Tikehau said it had achieved record net inflows for a Q1, with E1.5bn raised, representing 23% growth compared with Q1 2023.

This figure brings its net inflow to E6.8bn over the last twelve months.

The group is confident in its growth trajectory and confirms that it is on track to achieve its targets for 2026, starting with its forecast of over E65bn in assets under management for its asset management business.

Degroof Petercam analysts nevertheless maintained their 'neutral' rating on the stock, with their TP of E24 deeming these targets 'far too ambitious'.

Tikehau Capital will most certainly benefit from the expected upturn in alternative investments in the second half of the year, the Belgian investment bank said.

Nevertheless, analysts believe that in terms of valuation Sofina, Brederode and Eurazeo are better placed to benefit from this recovery, Degroof Petercam ssays.

Listed on the Paris Bourse, Tikehau shares were down 0.7% at midday following this publication.


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