(Telestock) – Tikehau Capitala major pan-European asset manager, closed the first half of 2024 with a Net income equal to 57.5 million euros, down from 72 million euros in the first half of 2023. The AuM fee-paying grew 12% y/y, ensuring long-term management fee generation. In addition, the company recorded 13% y/y growth in underlying management fees, offset by cyclical effects related to real estate fundraising, as well as 16% y/y growth in portfolio revenues, driven by the increasing contribution of Tikehau Capital strategies.
The AuM for Asset Management activities recorded a growth of 13% compared to the previous year, reaching 45.6 billion euros as of 30 June 2024. The net inflows of the Group reached a new record of €3.4 billion in the first half of 2024, driven by diversified and complementary investment strategies and an increasingly large investor base, despite the challenging market environment for fundraising. All asset classes contributed to the net inflows recorded in the first half of 2024, in particular the Private Debt and Capital Markets strategies, thanks to solid positioning and performance.
“In the first half of 2024, Tikehau Capital continued to deliver solid results despite the challenging market environment – they commented Antoine Flamarion and Mathieu Chabran, co-founders by Tikehau Capital – We achieved a record level of net inflows in the first half of the year, demonstrating the attractiveness of our investment strategies, and we maintained a dynamic deployment of capital in projects aimed at future value creation.”
“Over the period, we have further strengthened our multi-local platform, which boasts an increasingly broad and international investor base – they added – In particular, our investors recognize the value of our strategy characterized by a strong alignment with their interests, supported by our financial results, and by our disciplined approach, which is based on high selectivity and conviction on key strategic themes which have global resonance.”