- Tikehau Capital announces its ambition to manage at least €5
billion of assets by 2025 dedicated solely to combatting climate
change.
- The Group’s newly launched Climate Action Centre will mobilise
expertise and innovation to transform and coordinate Tikehau
Capital’s global climate approach and strategy.
- Pierre Abadie is appointed as Group Climate Director to lead
the Centre, in addition to his current role as Co-head of Tikehau
Capital's T2 Energy Transition private equity fund.
Regulatory News:
Tikehau Capital (Paris:TKO), the global alternative asset
management group, today announces its ambition to manage at least
€5 billion of AUM dedicated exclusively to the fight against
climate change by 2025. This will provide Tikehau Capital with
sizable means to invest in companies and projects driving the
decarbonisation of the economy to a more sustainable future. This
significant commitment demonstrates the continued ambition of the
Group to invest global savings towards a more resilient and
inclusive economy, creating sustainable value for all.
For almost ten years, Tikehau Capital has been financing
companies that actively support the energy transition, already
attracting more than €1.5 billion in capital commitments to combat
climate change across multiple investment strategies including
private equity, private debt and capital markets strategies.
These strategies are classified “Article 9” as per the European
Sustainable Finance Disclosure Regulation (SFDR), a set of EU rules
which aim to make the sustainability profile of funds more
comparable and better understood by end-investors. Going forward,
the investment strategies that will allow Tikehau Capital to
fulfill its ambition to exceed €5bn of AUM dedicated to the fight
against climate change by 2025 will all be classified “Article 9”
as per the SFDR.
As part of Tikehau Capital’s continued commitment to furthering
a positive climate agenda, the Group has also today launched the
Climate Action Centre, a platform that will harness financial
innovation and focus on decarbonisation, biodiversity, sustainable
agriculture and food, the circular economy and sustainable
consumption. The Climate Action Centre will initially convene more
than 30 investment professionals, ESG experts and senior advisors
who are already working to deploy existing climate-focused
investment strategies. In the coming months, the Center will be
strengthened with the addition of several climate and sustainable
finance specialists.
The Climate Action Centre will be headed by Pierre Abadie, who
has been appointed Group Climate Director, in addition to his
existing role as Co-head of Tikehau Capital's T2 Energy Transition
Private Equity fund. Pierre will work closely with Cécile Cabanis,
Group Deputy CEO, to ensure that the Group’s climate-related
objectives are fully integrated into Tikehau Capital's impact
strategy and ESG approach.
Pierre Abadie, Group Climate Director of Tikehau Capital
said: "The decarbonisation of our economy is essential in
limiting global warming to below 1.5°C. With the launch of the
Climate Action Centre, we want to accelerate our commitment towards
combatting climate change across our investment strategies with the
objective of contributing to halving CO2 emissions by 2030."
These developments demonstrate Tikehau Capital’s ambition to
build upon its existing expertise and advance its efforts in
tackling the climate emergency. The Group is a longstanding pioneer
of climate action, as demonstrated by the numerous initiatives
launched over the past decade, including:
- A series of investments in renewable energy
providers that have collectively contributed close to 5 gigawatts
of production capacity.
- The launch of the T2 Energy Transition
Private Equity fund in 2018, one of the first funds singularly
committed to the energy transition and the decarbonisation of the
economy. To date, the Europe-focused climate strategy, which
manages more than €1 billion, has deployed more than €500 million
by investing in nine SMEs and SMIs driving the energy
transition.
- The launch of several dedicated
climate-focused investment strategies, including an impact lending
private debt fund and a high-yield impact credit fund, both of
which are designed to finance companies which have the potential to
enable the global shift towards a net zero carbon economy.
- In March 2021, Tikehau Capital successfully
issued its inaugural sustainable bond issuance raising €500
million, the first public sustainable benchmark bond issued by an
alternative asset management firm in Europe. The proceeds of the
bond, which was placed with more than 100 investors globally, will
be used to invest in sustainable assets or in the Group’s
ESG-focused investment funds. Following this successful issuance,
and taking into account the refinancing of the Group’s undrawn
revolving credit facility in July 2021, ESG-linked debt account for
around 60% of the Group’s total debt to date.
- In April 2021, Tikehau Capital announced
the launch of a private equity strategy dedicated to
decarbonisation in North America that aims to replicate the success
and investment philosophy of the European T2 Energy Transition
private equity fund.
Antoine Flamarion and Mathieu Chabran, co-founders of Tikehau
Capital, said: "We strongly believe that we can have a
significant impact on climate change through our investment
approach, which is why we are committing to increase our investment
in fighting the climate emergency. With the launch of our Climate
Action Centre, we want to channel the Group's expertise,
entrepreneurial spirit and agility towards the decarbonisation of
the economy. Pierre Abadie's climate expertise and conviction,
combined with the teams that are working across our climate
strategies, will be key to the success of this major project."
ABOUT TIKEHAU CAPITAL
Tikehau Capital is a global alternative asset management group
with €30.9 billion of assets under management (as of 30 June 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 (€2.9 billion of shareholders’ equity as of
30 June 2021), 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 629 employees (as of 30 June 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
Our latest Sustainability Report is available here.
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.
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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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