Tikehau Capital, a Paris-based alternative investment manager, has held the first close of its debut fund-of-funds in Asia at $100 million.

Tikehau Capital, the largest investor in Fund of Funds I, is targeting a total corpus of $150 million for the vehicle.

Additionally, the company intends to close the fundraising for its debut fund-of-funds by mid-2020.

Tikehau Capital has raised a total of $1.5 billion across four funds.