(CercleFinance.com) – Tikehau Capital announces that it has successfully completed an inaugural $300 million Collateralized Fund Obligation (CFO), an operation that ‘represents a new step in Tikehau Capital’s expansion in North America’.
The CFO’s assets consist of holdings in private debt funds which were mainly held on the balance sheet of Tikehau Capital. The rated debt and equity tranches were placed with US institutional investors.
Tikehau Capital retains part of the equity. This transaction could generate a positive impact on its cash position of approximately $0.2 billion over the life of the vehicle.