Fund database › Private Credit
Tikehau Capital / Tikehau Investment Management SAS · LU2953608879
ELTIF 2.0 Private Credit Luxembourg Article 8 20 share classes ↓ Buyout Direct Lending Mezzanine / Subordinated
Unit price (NAV) in EUR · share class R-Dis bis EUR · 12 data points
5 payments recorded, in EUR
Past distributions are no guarantee of future payments. The diamonds in the NAV chart mark the payment dates.
Total return incl. distributions — payments notionally reinvested at the NAV of the payment date (standard methodology).
Pure price return (NAV movement without reinvestment): YTD +0.1% · 1 year +0.9% · since May 2025 p.a. +0.4%.
Returns calculated by semiliquid.info from the NAV series, not an official provider figure. Taxes and the trading costs of reinvestment are not taken into account. Past performance is not a reliable indicator of future results.
These come from the factsheet, the PRIIPs KID or the monthly report. They may relate to a different reference date, a different share class or a longer period than the series above — the series starts with the first documented unit price, not necessarily with the launch. That is why the values sometimes differ.
Target return per the provider: No official target return in the KID. PRIIPs base scenario (moderate, 8 years, net of costs): 7.55 % p.a. for F-Dis bis-EUR and 6.73 % p.a. for R-Dis bis-EUR. Target return communicated on the distribution side around 7 % net IRR for the R-Acc class [S]
Provider figure or KID scenario — not a forecast by semiliquid.info. Target returns are not guaranteed.
What the fund does and how the portfolio is put together.
Risk indicator 3 of 7 from the key information document (1 = low, 7 = high); it captures liquidity risks only to a limited extent.
Portfolio breakdown
Broken down using semiliquid’s common taxonomy — provider labels are mapped onto shared categories so that funds can be compared. Only published figures are used; nothing is estimated.
Strategy
The basis is the PRIIPs KID of the share class we track — which makes it comparable across providers.
| Management fee | 0.75% |
| Total ongoing costs | 2.40% |
| Entry charge max. | 0.00% |
| Redemption fee | 2.00% |
| Performance fee | 10.00% |
| Hurdle rate | 5.00% |
| High-water mark | not documented |
Median across 23 funds in this asset class in our database, based on the PRIIPs KID. No statement about quality — cost structures differ depending on the strategy and on target-fund layers.
How you get into the fund, and on what terms.
Monthly. NAV calculated monthly as at the last calendar day; subscription orders by 17:00 CET at least 15 calendar days before the valuation day; execution at the NAV that is available on the 28th calendar day after the valuation day
Semi-liquid means redemption only on fixed dates, with notice periods and upper limits. This is how it works for this fund — in the order the redemption process runs.
Units can be redeemed quarterly; notice must be given 30 days before the date; on each date the fund redeems at most 5 % of fund assets; for the first 18 months after subscription no redemption is possible.
The gate caps redemptions at 5 % of fund assets per date. If more investors want out at the same time, orders are scaled back pro rata or deferred to the next date.
From the notice being received to the money reaching your account: typically around 34 to 126 days — depending on how far away the next redemption date is. If the gate bites or redemptions are suspended, it can take considerably longer.
Quarterly
Redemptions generally capped at a maximum of 5 % of NAV per quarter
30 calendar days before the valuation day (application by 17:00 CET)
Soft lock-up: redemption charge of up to 2 % of the NAV of the units redeemed where redemption takes place within the first 18 months after subscription (stated in the KID for class F and class A respectively)
The score measures only the contractual redemption mechanics (the higher, the more flexible) — not whether the fund actually stays liquid under stress. Weightings in per cent.
20 classes known. All cost and risk figures on this page apply to LU2953608879. Minimum investment by class EUR 40,000 – EUR 5m.
| ISIN | Status | Min. investment | Ongoing costs | SRI |
|---|---|---|---|---|
| LU2953608879 | basis of this page | EUR 40,000 | 2.40% | 3/7 |
| LU2953608796 | not yet collected | not documented | not documented | not documented |
| LU2953609091 | not yet collected | not documented | not documented | not documented |
Costs, minimum investment and risk can differ markedly by class — check the key information document of the specific class before subscribing.
Who stands behind the fund, who it is authorised for — and what the figures rest on.
Tikehau Investment Management SAS (French external AIFM, AMF authorisation GP-07000006); depositary: The Bank of New York Mellon SA/NV, Luxembourg Branch; supervisory authority: CSSF
ELTIF/prospectus visa February 2025 (KID as at 21 Feb 2025); ELTIF authorisation 23 Jan 2025 [S]; market launch/launch communication 5 Jun 2025
Professional and non-professional investors (natural persons and legal entities) through intermediaries (banks, asset managers, family offices); distribution excluding the UK and Switzerland. Class F specifically for discretionary portfolio management mandates/independent advice as well as advisers without retrocessions; investment horizon at least 8 years, ability to bear a total loss required
Belgium, Germany, Spain, France, Italy + 2 further countries [S]; according to the provider, distribution primarily in Europe to professional and non-professional investors, excluding the UK and Switzerland [P]
Fund level only - direct investments in European senior secured private debt instruments (LBO, acquisition and corporate financings) through Tikehau's own origination platform. No master/feeder or target-fund structure, no double charging. AIFM: Tikehau Investment Management SAS (TIM), Paris
All figures come from our analysis of provider documents (product data as at 19 Aug 2026, distribution data as at 12 Aug 2026) and have not been conclusively verified.
Same asset class, sorted by overlap of sub-strategy — no recommendation, no ranking.