Tikehau European Private Credit (TEPC)
Managed by Tikehau Capital
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Tikehau European Private Credit (TEPC)
Key Statistics
Fund Size
€181M
Target Return
6.8%
Annualized Return
N/A
Launch Year
2025
Min. Investment
€40,000
Availability
Open through selected distributors
Structure
SICAV Part II (ELTIF 2.0)
Product Category
Open-end
Domicile
Luxembourg
GP Type
Single
Liquidity Level
Semi-liquid
Management Fee
1.15%
Carry
12.5% of net investment income over a 5% hurdle with 100% catch-up, plus 12.5% of cumulative net realised capital gains (Classes R, F, I, IR); 10% for early-bird 'bis' classes and Class S; 15% for Class R it; none for Class E
Hurdle Rate
5%
Catch-Up Mechanism
100% catch-up
ISIN
LU2953608796
Currencies
EUR
Investor Eligibility
Retail
Liquidity Options
Monthly subscriptions
Highlights
Key Information Document (KID) – EU Funds
KID Risk Indicator
3 out of 7
Annual Returns (KID Scenarios)
Stressed
-1.32%
Moderate
6.17%
Favorable
6.81%
Average Total Cost Level (KID)
3.26%
Allocations
Investment Strategy
Industry Focus
Performance Summary
| Share Class | Ticker | MTD | 1 Year | 6M | 3M | Inception cumulative |
|---|---|---|---|---|---|---|
| R-Acc bis EUR (early-bird retail, accumulating) | — | 0.45% | 4.99% | 2.43% | 1.32% | 8.43% |
| F-Acc bis EUR (early-bird fee-based, accumulating) | — | 0.58% | 5.97% | 2.80% | 1.55% | 9.89% |
| R-Dis bis EUR (early-bird retail, distributing) | — | — | 2.63% | — | — | 4.84% |
| F-Dis bis EUR (early-bird fee-based, distributing) | — | — | 3.57% | — | — | 6.05% |
Information about fund
Tikehau European Private Credit at a Glance
Tikehau European Private Credit (TEPC) is a sub-fund of Tikehau Private Strategies, a Luxembourg Part II SICAV supervised by the CSSF, and qualifies as an open-ended ELTIF 2.0. Managed by Tikehau Investment Management SAS, it was launched publicly on 5 June 2025 with close to EUR 70 million of Tikehau Capital's own capital and lends senior secured, floating-rate debt to mid-sized European companies alongside the group's institutional credit vehicles (credit platform EUR 25.2 billion at 30 June 2026).
Key Figures (30 June 2026)
Assets Under Management
€181M
H1 2026 results; €180M at 31 March 2026
Minimum
€40,000
Classes R and F; €5,000 subsequent; institutional €5 million
Management Fee
1.15%
Classes R and F; R bis 0.75%, I and IR 0.85%
Servicing Fee
0.85%
Class R only; none on F, I, IR and S
Target Return
6.8%
Net p.a., Class R; 6.7–9.8% by class, not guaranteed
Risk Indicator
3 / 7
KID R-Acc bis; cost impact 3.26% p.a.; 8-year holding period
Terms & Liquidity
| Structure | Luxembourg Part II SICAV sub-fund, ELTIF 2.0, open-ended with unlimited duration; AIFM Tikehau Investment Management SAS (AMF GP-07000006); depositary BNY Mellon Luxembourg; SFDR Article 8 |
| Strategy | Mainly first-lien senior secured floating-rate loans for buy-outs, acquisitions and corporate financing; maturities of four to eight years, typical holding three to five |
| Subscriptions | Monthly at NAV; cut-off 15 calendar days before the valuation date; NAV released about 28 days after month-end |
| Redemptions | Quarterly with 30 calendar days' notice; capped at 5% of NAV per quarter net of subscriptions; proceeds about five weeks after quarter end |
| Early redemption | 2% of NAV within 18 months of subscription (waived for Classes E and S) |
| Performance participation | 12.5% of net investment income over a 5% hurdle with 100% catch-up, plus 12.5% of net realised gains (10% for bis classes and Class S) |
| Distribution | Professional and non-professional investors in Europe excluding the UK and Switzerland; registrations listed for BE, DE, ES, FR, IT, LU and NL |
| ISIN | LU2953608796 (Class R-Acc bis) |
Points to weigh: quarterly liquidity is gated at 5% of NAV and can be suspended; retail all-in costs approach 3.3% a year in the KID; no public fact sheet or official performance record exists yet, with only third-party data showing a cumulative gain since the February 2025 launch of the first classes; and the sub-fund did not appear in the ESMA ELTIF register download of 6 September 2026 even though its KID and prospectus assert ELTIF status.
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