Tikehau Capital (TKO) Q1 2026 earnings summary

Executive summary

• Achieved €1.0bn net new money in Q1 2026 for private markets strategies, with strong progress in flagship strategies.

• Successfully exited Schroders investment, generating a 64% gross IRR and €239m in revenues over the holding period.

• Launched Tikehau Amova Investment Management, expanding Asia-focused private assets strategies.

• Continued expansion of Real Estate Debt platform in both the US and Europe.

• Asset Management companies to be unified under one platform by June 2026 to enhance global strategic partnerships.

Financial highlights

• Assets under management (AuM) reached €53.0bn as of 31 March 2026, up 7% year-over-year.

• €1.0bn deployed in Q1 2026, €6.9bn over the last twelve months, up 6% year-over-year.

• Realizations totaled €0.4bn in Q1 2026 and €3.7bn over the last twelve months, up 43% year-over-year.

• €7.5bn of dry powder available as of 31 March 2026.

Outlook and guidance

• Strong confidence in long-term fundamentals and differentiated product pipeline for the remainder of 2026.

• Strategic priorities set across geographies and asset classes, with focus on growth and profitability.