Global alternative asset management group Tikehau Capital is targeting assets under management of €800m for the newly launched second vintage of its flagship private equity strategy dedicated to the aerospace sector.
The strategy, which has been launched in collaboration with Bpifrance, the four main contractors of the European aerospace industry – Airbus, Safran, Dassault Aviation and Thales – as well as the Crédit Agricole Group, is expected to hold a first close at around €400m by the end of the first quarter of 2024.
Tikehau says the new vintage will look to build on the “positive momentum of its predecessor, aligning with the industry’s recovery, as global air traffic surpassed pre-pandemic levels in 2023, signalling a robust resurgence in the aeronautics sector”.
The fund will focus on supporting the growth, modernisation, ownership transfer and strategic investments of SMEs within the aerospace industry and the transition towards sustainable and decarbonised practices.
