On Wednesday, asset management company Tikehau Capital reported a 13% year-on-year increase in assets under management in the first quarter.

At the end of March, assets under management totaled 44.4 billion euros, up 3% on December 31, 2023.

Tikehau said it had achieved record net inflows for a first quarter, with 1.5 billion euros raised, representing 23% growth compared with the first quarter of 2023.

This figure brings its net inflow to 6.8 billion euros over the last twelve months.

The group is confident in its growth trajectory and confirms that it is on track to achieve its objectives for 2026, starting with its forecast of more than 65 billion euros in assets under management for its asset management business.

In a reaction note, Degroof Petercam's analysts nevertheless maintained their 'neutral' opinion and their price target of 24 euros on the stock, deeming these targets 'far too ambitious'.

'Tikehau Capital will most certainly benefit from the expected upturn in alternative investments in the second half of the year', stresses the Belgian investment bank.

Nevertheless, in terms of valuation, we believe that Sofina, Brederode and Eurazeo are better placed to benefit from this recovery', says Degroof Petercam.

Listed on the Paris Bourse, Tikehau shares were down 0.7% at midday following this publication.

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