The latest news about investment products, new structures and service offerings that might be of interest to the wealth management industry.

Tikehau Capital
Tikehau Capital, a Paris-based alternative asset manager, has made one of its European private credit strategies available through iCapital Marketplace, opening it to wealth managers in eligible EMEA markets.

The strategy is an evergreen, euro-denominated fund domiciled in Luxembourg, structured as a European Long-Term Investment Fund under the EU’s revised ELTIF 2.0 regime. It invests mainly in first-lien senior secured debt issued by European companies.

The two firms first worked together in 2022, when iCapital began handling digital subscriptions, investor onboarding and lifecycle servicing for Tikehau products. The new arrangement extends that relationship into distribution.

Tikehau manages €53.5 billion ($60 billion) covering credit, real assets, private equity and capital markets strategies, as of 30 June 2026. It has 709 staff in 17 offices across Europe, Asia and North America. It also invests its own balance sheet, which stood at €3.2 billion of equity on the same date, alongside clients.

iCapital, headquartered in New York and Greenwich, Connecticut, services $1.2 trillion of assets on its platform, including $327 billion in alternative platform assets. It serves nearly 3,900 wealth management firms and 144,000 active financial professionals.

The launch adds to a growing range of semi-liquid ELTIF products aimed at European private wealth. The revised ELTIF framework took effect in January 2024, lowering barriers for retail and high net worth investors. Since then, managers have increasingly turned to evergreen structures and third-party platforms to reach that market without building their own distribution. However, there have been concerns on whether evergreen funds might experience stresses if affluent/retail investors wish to pull out funds, as they did earlier this year in the private credit sector.