Tikehau Capital has launched the new EUR212 million Tikehau NOVO 2018 Fund managed by asset management subsidiary Tikehau IM.
The Tikehau NOVO 2018 Fund has been structured as a French mutual securitisation fund (FCT) qualifying for treatment as a “debt fund” that directly finances the French economy (Fonds de Prêt à l’Economie). The investment strategy will be similar to that of the NOVO 2 Fund, which has now been invested in full.
Caisse des Dépôts et Consignations (CDC), eight insurance companies, a pension fund and a foundation all helped to structure and finance this new fund.
All sums raised from these institutional investors will be reinvested in accordance with Tikehau Capital’s comprehensive investment vetting process underpinned by detailed credit assessments and strict compliance with ESG criteria (Environmental, Social and Governance).
As Guillaume Arnaud, Tikehau IM’s Chief Executive Officer, says: “We opted for the innovative solution already deployed by CDC with the 2013 Novo 2 Fund which invested more than EUR365 million in around 20 SMEs between 2013 and 2016, making it a major player in the EuroPP market. In particular, Tikehau helped partner Delfingen, Chateauform’, Talan and Le Bronze Alloys.”
