The UK lower mid-market firm, led by ex-HIG man Andrew Steel, has hired Amit Thaper.
The BGF’s investment in Renegade, which was founded by the team behind Bruichladdich's resurgence, is the first to directly support an Irish business.
Advent International, CVC Capital Partners and InvestIndustrial remain in the race to acquire UK beauty products business The Body Shop.
The deal-by-deal private equity firm has taken Weird Fish from Piper, which backed the business in 2010.
Peter Cirenza is a former Goldman Sachs partner and has been on Tikehau's advisory board for more than a decade.
The Italian firm has made a 42 per cent IRR on its investment in Dolciaria Val d’Enza.