(CercleFinance.com) – The asset management company Tikehau Capital reported on Wednesday an increase of 13% year-on-year in its assets under management in the first quarter.
At the end of March, its assets under management amounted to 44.4 billion euros, an increase of 3% compared to December 31, 2023.
Tikehau says it has achieved a record net inflow for a first quarter, with 1.5 billion euros raised, representing growth of 23% compared to the first quarter of 2023.
This figure brings its net collection to 6.8 billion euros over the last twelve months.
The group is confident in its growth trajectory and confirms that it is on track to achieve its objectives for 2026, starting with its forecast of more than 65 billion euros in assets under management for its asset management activity.
In a reaction note, Degroof Petercam analysts nevertheless maintained their ‘neutral’ opinion and their price target of 24 euros on the stock, judging these targets ‘far too ambitious’.
‘Tikehau Capital will certainly benefit from the expected recovery in alternative investments during the second half of the year,’ underlines the Belgian investment bank.
‘Nevertheless, in terms of valuation, we believe that Sofina, Brederode and Eurazeo are better placed to benefit from this recovery,’ says Degroof Petercam.
Listed on the Paris Stock Exchange, Tikehau shares fell by 0.7% at midday following this publication.