Tikehau Capital Brings Private Credit ELTIF to iCapital Marketplace

Tikehau Capital announced on October 6, 2026, the expansion of its partnership with fintech company iCapital, making a Tikehau Capital European private credit strategy available through iCapital Marketplace. The addition broadens the platform’s offering of evergreen and ELTIF 2.0 investment opportunities for wealth managers across eligible EMEA markets.

The strategy is domiciled in Luxembourg, denominated in euros, and structured as an evergreen ELTIF. It invests primarily in first-lien senior secured debt issued by European companies, and the firms said it brings Tikehau Capital’s institutional private credit expertise to the private wealth channel.

According to the announcement, iCapital Marketplace connects wealth managers, private banks, independent financial advisors, and family offices with a broad menu of private market investment opportunities through a single digital access point. The platform streamlines subscription, investor onboarding, ongoing servicing, and advisor education, helping asset managers expand their distribution capabilities and wealth managers integrate alternative investments more efficiently.

“Through this expanded partnership with iCapital, we are making our European private credit expertise more accessible to wealth managers across EMEA through a streamlined digital investment experience,” said Thomas Friedberger, Deputy CEO of Tikehau Capital. Friedberger said ELTIF 2.0 structures can help broaden access to institutional-quality private market strategies as private wealth investors continue to seek diversified sources of income and resilience.

Jocelyn Pidoux, Head of Asset Manager Solutions EMEA at iCapital, said private credit continues to play an important role in private market allocations and that wealth managers are looking for more effective ways to incorporate these strategies into client portfolios. “By bringing this offering to iCapital Marketplace, we are expanding the range of ELTIF 2.0 opportunities available through the platform and supporting a more streamlined investment experience for wealth managers across EMEA,” Pidoux said.

A Partnership Established in 2022

The launch builds on the partnership Tikehau Capital and iCapital established in 2022, under which iCapital’s technology has supported digitized subscriptions, investor onboarding, and lifecycle servicing for Tikehau Capital investment opportunities. The expanded collaboration combines Tikehau Capital’s European private credit expertise with iCapital’s distribution network, digital technology, and servicing capabilities.

Under the original partnership, announced in September 2022, Tikehau Capital was to launch a customized marketplace powered by iCapital’s technology to deliver its suite of alternative offerings to wealth managers and their high-net-worth clients in the EMEA region. The 2022 announcement said the digital solution would initially give wealth managers access to alternative investments generally accessible only to institutional investors.

The initial lineup consisted of the second vintage of Tikehau Capital’s impact-driven real estate value-add strategy and the third vintage of its special opportunities strategy, which allows investors to pursue credit opportunities across market cycles and credit dislocation. Tikehau Capital’s offerings were also to be made available through Allfunds, which the 2022 announcement described as the world’s largest fund distribution network. iCapital and Allfunds had announced a strategic partnership in June 2021 under which iCapital makes private market investment opportunities available to Allfunds’ clients.

The 2022 announcement noted that while institutional investors have long had access to alternative investing opportunities, high-net-worth investors and their advisors have historically faced significant barriers, including high investment minimums and difficulties accessing top-tier asset managers. It described iCapital’s technology as automating the subscription process, providing transparency into each step of the investing process, and integrating performance and reporting for alternative investments within an end-to-end digital platform.

In the 2022 release, Tikehau Capital co-founder Antoine Flamarion called the partnership a key step for the firm, allowing it to expand its investor base and provide investors with solutions across multiple asset classes. Co-founder Mathieu Chabran said the firm believed the trend of retail investors seeking alternative sources of returns and diversification from traditional markets would be a significant force for change. Vincent Archimbaud, head of Wholesale Europe at Tikehau Capital, said wealth managers working with individual investors were increasingly looking to the private markets to potentially generate high risk-adjusted returns with portfolio diversification. Lawrence Calcano, iCapital’s chairman and chief executive officer, described the agreement as another important milestone in iCapital’s global expansion, and Marco Bizzozero, iCapital’s head of international, said wealth creation was increasingly taking place outside the public markets.