P&L
The weighted average management fee rate is an indicator that allows the Group to monitor the evolution of its revenue generation in relation to its assets under management. The solid increase in the weighted average management fee rate shows that the Group’s business mix is evolving towards more profitable asset classes.
Fee-related earnings (FRE) correspond to the net operating profit of the asset management activity, excluding performance fees and carried interest and measure the profitability of the Group’s asset management activity solely in relation to management fees.
The strong growth in FRE reflects the significant operating leverage from which the Group has benefited, with revenues growing faster than the cost base.
Tikehau Capital’s objective is to reach more than €250m in FRE by 2026.
This page contains information relating to a potential capital increase of Tikehau Capital, which will not be made through a public offering in any country outside France. This information may not be accessed by residents of certain countries.
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The following pages include information pertaining to a potential capital increase of Tikehau Capital, which would be conducted pursuant to a public offering in France exclusively, if it is conducted in the future at all.
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