Tikehau holds €350m first close for energy fund

The vehicle will invest in companies operating in the field of energy transition by financing and supporting their development, transformation and international expansion.

T2 Energy Transition Fund was launched in March 2018 by Tikehau Capital in partnership with French energy company Total. According to a statement, the vehicle will benefit from the GP's investment expertise, and Total's industry experience and international network.

The fund's investment team, which is composed of Tikehau Capital fund managers and energy experts appointed by Total, will report to an investment committee with representative members from both partners.

Goldman Sachs acted as placement agent towards institutional investors on behalf of Tikehau Capital.

Investors
Tikehau and Total committed €200m to the fund, while the remainder was raised from two anchor investors, investment bank BPI France and French insurance company Groupama, and from several European institutional investors and family offices.

Investments
The fund targets medium-sized energy transition companies based in Europe operating in three key sectors of energy transition: clean energy production; low-carbon mobility; and improvement in energy efficiency, storage and digitalisation. It will deploy equity tickets between €25-75m.

People
Tikehau Capital - Antoine Flamarion (co-founder); Emmanuel Laillier (head of private equity).

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