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Laxman Pai, Opalesque Asia: Tikehau Capital, the global alternative asset management group, in partnership with Societe Generale Assurances, CNP Assurances, and CARAC Group, has announced the launch of an innovative private equity fund dedicated to the strategic sectors of defense, cybersecurity, and European security.
The fund, named Tikehau Defense et Securite (TDS), structured mainly around private equity strategies managed by Tikehau Capital, will be the first unlisted asset vehicle eligible for unit-linked investment dedicated entirely to defense and security issues.
Investor appetite for defense assets has grown amid geopolitical uncertainty and willingness in some European countries to ramp up the size of their military budgets, with the EU's ReArm Europe plan seeking to increase defense spending on the continent significantly in the next five years.
An initial commitment of €150m has been invested in equal parts by the three partner insurers.
According to a media release from the French alternative asset management firm, this capital contribution reflects their shared desire to support the strengthening of French and European industrial and technological capabilities, against a backdrop of growing challenges to strategic autonomy in defense and security. The aim is to support the emergence of future European leaders while promoting job creation and economic dynamism in France and Europe.
"The strategic sectors of aeronautics and cy...................... To view our full article Click here
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