Earnings release
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● ΤΟ ● ● Tikehau Capital's value - creation strategy in the alternative asset management space , combined with an increasingly profitable business model and a robust balance sheet , has powered the firm to deliver strong growth during the first half of 2021 . ● Double - digit growth from top to bottom line Record high fundraising over the last twelve months with € 5.5bn¹ in net new money since 30 June 2020 for the asset management business , of which € 2.4bn was raised during H1 2021 ● ● ● TIKEHAU CAPITAL ● PRESS RELEASE ● Tikehau Capital delivers on all fronts over H1 2021 , achieving robust and increasingly profitable growth ● Paris , 15 September 2021 20 % growth for Group assets under management ( AuM ) over the last 12 months , reaching € 30.9bn at end June 2021 , driven by a 23 % increase in AuM for the asset management business at € 29.4bn Accelerated fund deployment and recognized expertise in financing the real economy € 1.9bn invested by the firm's closed - end funds over the first half ( vs. € 0.8bn in H1 2020 ) , while maintaining a high level of selectivity in investments Rapid expansion of Tikehau Capital's range of impact - investing products across the Group's asset classes Management fees² up + 39 % yoy to € 121.1m with average fee rate increasing to 1.04 % at end - J une 2021 ( vs. 0.94 % at end - J une 2020 ) Fee - related earnings³ ( FRE ) up + 62 % yoy to € 44.5m at end - J une 2021 , bringing FRE margin to 36.7 % , 5.2 points compared to H1 2020 Material increase in net result , Group share , reaching € 176.1m at end - J une 20214 Second - to - none alignment of interests Successful completion of the firm's reorganisation , strongly supported by shareholders , with close to 100 % approval rate Favorable outlook Tikehau Capital recognized as a key partner by European governments to support corporates and help finance the post - Covid economic recovery up € 221m of new capital committed during H1 2021 by Tikehau Capital in its own strategies , thanks to the Group's strong balance sheet ¹ Figures have been rounded for presentation purposes , which in some cases may result in rounding differences . ² Corresponding to management fees , subscription fees and arrangement fees . 3 Fee - Related Earnings ( FRE ) correspond to net operating profit from asset management less performance fees and carried interest . 4 Pro forma financial information taking into account the Group reorganization effective as of 15 July 2021 and retroactive to 1 January 2021 . Target to reach at least € 33bn in Group AuM at 31 December 2021 Confirmation of 2022 organic targets to reach more than € 35bn for Group's assets under management and generate more than € 100m of fee - related earnings ( FRE ) . 1 ΤΟ