Business · Companies · 1 hr ago
Tikehau Capital co-founder says Europe’s fiscal risks are not spreading to companies
Tikehau Capital co-founder Mathieu Chabran says Europe’s fiscal problems are not spreading to companies.
He argues that many European businesses earn a large share of their revenue outside the region.
Germany’s increased public spending is also supporting growth in areas including aerospace, defence and electrification.
Chabran says Europe’s legal protections and lower company valuations and debt levels make it attractive to investors, despite political uncertainty and slow growth concerns.
He sees opportunities in energy transition and power-grid efficiency, where European rules have encouraged companies to develop solutions.
He also says recent problems in US private credit reflect excessive lending and argues that careful portfolio diversification is essential.
Tikehau plans to launch a private-equity fund focused on energy transition, after starting regional investment in Asia in 2024.
Tikehau Capital co-founder Mathieu Chabran said Europe’s fiscal problems are not spreading to companies.
He said European companies have increased their sales outside the region, while German fiscal expansion is supporting growth in sectors including aerospace, defence and electrification.
Chabran cited Europe’s rule of law, the European Central Bank’s ability to respond to economic conditions and the completion of deleveraging by southern European banks as reasons a recession is less likely.
He said European companies working on power-grid efficiency and electrification are benefiting from earlier environmental regulation.
Chabran also argued that Europe offers investors lower valuations and leverage than the United States.
- Who
- Mathieu Chabran, co-founder of Tikehau Capital.
- What
- He said Europe’s fiscal risks are not spreading to companies and argued that Europe offers investment opportunities.
- When
- Published on 2026-10-14; the interview took place recently, according to the article.
- Where
- Europe; Chabran made the comments in an interview with Maeil Business.
- Why
- He cited companies’ high share of sales outside Europe, German fiscal expansion and Europe’s economic and institutional strengths.
This story does not have two clearly opposing sides.
Tikehau Capital was founded in Paris, France.
Tikehau Capital began investing within Asia.
Maeil Business published its interview with Chabran about Europe and private-asset investment.
- Tikehau Capital
- About €53.5 billion in assets under management
- Company founded
- Paris, France, in 2004
- German fiscal expansion
- Supports growth in aerospace, defence and electrification
- Tikehau private-credit exposure to IT
- About 7% of its portfolio
- Korean investors
- More than 30 have invested in Tikehau strategies, according to the company
1 source
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What people are saying
Europe is the only alternative to the United States when seeking to deploy large amounts of capital in private assets.
European fiscal problems are not spreading to the corporate sector.
Europe has both low valuations and low leverage, providing the margin of safety needed in a high-interest-rate environment.
There have always been defaults in the private credit market.