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Alternative Market Briefing

Tikehau closes T2 Energy Transition Fund on $1.3bn

Wednesday, February 24, 2021

Laxman Pai, Opalesque Asia:

Paris-based investment firm Tikehau Capital has amassed over €1bn ($1.3bn) for its vehicle dedicated to the energy transition, T2 Energy Transition Fund.

Emmanuel Laillier, head of private equity at Tikehau, said the firm had initially expected to raise between €750m and €1bn, and that exceeding these targets reflects "the need to strengthen companies' equity bases to move faster with energy transition."

Over the last 18 months, Tikehau Capital's T2 energy transition fund has already invested €440m in European small and medium enterprises focused on clean energy generation, low-carbon mobility, and energy efficiency.

The New York City Employees' Retirement System is among one of the fund's investors.

A press release from the global alternative asset management group said Tikehau Capital launched this strategy in 2018 with €100 million from its own balance sheet. This unique alignment of interest with LPs has proven successful, attracting large strategic investors from several geographies (whose commitments represent 45% of the funds raised overall), it said.

The T2 Energy Transition Fund, set up to help reach the goals of the 2015 Paris Agreement, provides growth equity to European SMEs that directly help lower GHG emissions. The T2 fund's mission is to fight global warming by funding the growth of emerging corporate leaders in the energy transition space and investing in European SMEs that provide tools to respond to......................

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