Tikehau Capital to Launch Tikehau Impact Credit
July 12 2021 - 2:20AM
Business Wire
- Tikehau Capital launches high yield impact credit fund in
latest addition to impact platform
- Fund will focus on lowering companies’ carbon footprint to help
facilitate the transition towards a net zero carbon economy
Regulatory News:
Tikehau Capital (Paris:TKO), the global alternative asset
management group today announces the launch of Tikehau Impact
Credit (“TIC”), pioneering an impact approach in the high yield
universe. The fund’s objective is to help expand impact investing
in fixed income, a key step towards addressing climate change and
contributing to reaching the goals laid out in the Paris Agreement.
This new fund will sit alongside Tikehau Capital’s private assets
impact strategies, marking another major step forward for the
Group’s global impact platform.
The fund’s mission is to finance and actively engage with
companies across a diverse range of sectors which have the
potential to enable the global shift towards a net zero carbon
economy. Tikehau Capital will leverage its impact investment
expertise to define “impact cases” for each investment and help
issuers go down the path towards a more sustainable future.
TIC will focus on three buckets of investments and issuers:
Green or Sustainability-linked bonds or climate pure-players
already involved in the energy and ecological transition (bucket
A); issuers who have signed an international pledge towards climate
change (bucket B); and a sector-agnostic approach to companies with
the potential to contribute positively to climate change mitigation
or adaptation or to reduce other highly material environmental
externalities (bucket C).
TIC will build on industry-recognised standards to set key
impact goals including:
- a 30% carbon intensity reduction target compared to the High
Yield ESG index (ICE Global High Yield ESG Tilt Index)
- a minimum 25% invested in issuers highly exposed to climate
change which need to accelerate their transition and where impact
can be meaningful (eg. manufacturing, agriculture,
transportation)
- a contribution towards an annual 5% self-decarbonisation by
sector as a best-effort
Tikehau Capital has developed a proactive ESG-by-design approach
that is embedded in its portfolio management process and is at the
heart of its investment philosophy. Active and continuous
engagement with issuers will also be key to help these companies
accelerate their transition toward a more sustainable future.
Consistent with its policy of strong alignment of interests,
Tikehau Capital has committed €30 million of initial capital to
this fund.
Raphaël Thuin, Head of Capital Markets Strategies for Tikehau
Capital, said:
"We are thrilled to further expand our impact platform with the
launch of our high yield impact credit fund. In 2020, commitments
to reach net zero emissions from businesses have roughly doubled.
The next step is now for impact investing to reach the shores of
the fixed income market. We are committed to deploying an
engagement strategy contributing to the global initiative for
companies to achieve net zero emissions by 2050 or sooner and will
seek to give our investors the opportunity to reach both ambitious
financial and extra-financial goals through their fixed income
allocation.”
ABOUT TIKEHAU CAPITAL
Tikehau Capital is a global alternative asset management group
with €29.4 billion of assets under management (as of 31 March
2021). Tikehau Capital has developed a wide range of expertise
across four asset classes (private debt, real assets, private
equity and capital markets strategies) as well as multi-asset and
special opportunities strategies.
Tikehau Capital is a founder led team with a differentiated
business model, a strong balance sheet, proprietary global deal
flow and a track record of backing high quality companies and
executives.
Deeply rooted in the real economy, Tikehau Capital provides
bespoke and innovative alternative financing solutions to companies
it invests in and seeks to create long-term value for its
investors, while generating positive impacts on society. Leveraging
its strong equity base (€2.8 billion of shareholders’ equity as of
31 December 2020), the firm invests its own capital alongside its
investor-clients within each of its strategies.
Controlled by its managers alongside leading institutional
partners, Tikehau Capital is guided by a strong entrepreneurial
spirit and DNA, shared by its 607 employees (as of 31 March 2021)
across its 12 offices in Europe, Asia and North America. Tikehau
Capital is listed in compartment A of the regulated Euronext Paris
market (ISIN code: FR0013230612; Ticker: TKO.FP).
For more information, please visit: www.tikehaucapital.com
DISCLAIMER:
This document does not constitute an offer of securities for
sale or investment advisory services. It contains general
information only and is not intended to provide general or specific
investment advice. Past performance is not a reliable indicator of
future earnings and profit, and targets are not guaranteed.
Certain statements and forecasted data are based on current
forecasts, prevailing market and economic conditions, estimates,
projections and opinions of Tikehau Capital and/or its affiliates.
Due to various risks and uncertainties. actual results may differ
materially from those reflected or expected in such forward-looking
statements or in any of the case studies or forecasts. All
references to Tikehau Capital’s advisory activities in the US or
with respect to US persons relate to Tikehau Capital North
America.
TIC is a sub-fund of the SICAV Tikehau Fund and is managed by
Tikehau Investment Management (AMF authorisation number:
GP-07000006), the main asset management platform of Tikehau
Capital.
The main risks of TIC are: the risk of capital loss, the
liquidity risk, the equity risk, the credit risk, the risk linked
to the investment in speculative high yield securities, the
interest rate risk, the risk linked to the commitment of forward
financial instruments, the counterparty risk, the exchange rate
risk and sustainability risks.
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PRESS CONTACTS: Tikehau Capital: Valérie Sueur – +33 1 40 06 39
30 UK – Prosek Partners: Henrietta Dehn – +44 7717 281 665 USA –
Prosek Partners: Trevor Gibbons – +1 646 818 9238
press@tikehaucapital.com
SHAREHOLDER AND INVESTOR CONTACT: Louis Igonet – +33 1 40 06 11
11 shareholders@tikehaucapital.com
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