Global alternative asset management group Tikehau Capital has announced two new private equity offerings dedicated to European defence and security sectors and European aerospace & defence.
Tikehau said in a statement today that it has two new PE announcements leveraging the firm’s long-standing expertise in “these critical growth industries” and its commitment to “strengthening industrial and technological capabilities” across France and Europe.
The first is a new private equity fund, Tikehau Défense et Sécurité (TDS), which the company says is the first of its kind. Launched in partnership with Société Générale Assurances, CNP Assurances and CARAC Group, this fund has an initial commitment of €150m, and will be available as unit-linked products in the life insurance and retirement savings policies of these three insurers.
TDS is the first unlisted asset vehicle eligible for unit-linked investment dedicated entirely to defence and security issues, and will also be available to individual investors, the company said.
Secondly, Tikehau’s Aerospace & Defense private equity fund made its first investment in ScioTeq, a Belgium-based designer and manufacturer of innovative solutions in the defense and security markets.
Henri Marcoux, Deputy CEO of Tikehau Capital, said: “With four private asset unit-linked products launched in five years, Tikehau Capital has become a key player in the democratization of non-listed investments via life insurance in France, with more than €1.5bn raised to date. Building on this experience, and against a rapidly changing geopolitical backdrop, we are now looking to go one step further by offering a fund invested mainly in private equity.
“This will enable policyholders to participate in the [French] national investment effort in strategic sectors.”
