Paris,
February 23rd
2021




Tikehau Capital raises more than €1 billion for Private Equity Energy
Transition Strategy

Tikehau Capital, the global alternative asset management group, has completed fundraising for its T2
investment strategy focused on energy transition. This unique growth equity strategy attracted
over €1 billion.

• Tikehau Capital’s T2 Energy Transition investment strategy outperformed its original fundraising goals
with over €1 billion raised1
• T2 fund is one of the leading and largest global growth private equity vehicles singularly committed to
enabling the transition towards a low-carbon economy and fighting global warming
• T2 Energy Transition investment strategy has already invested €440 million in SMEs focused on clean
energy generation, low-carbon mobility and energy efficiency
• T2 fund portfolio companies have already provided goods and services that, over their lifetime, will avoid
one million tons of CO2 from being emitted




Mathieu Chabran, co-founder of Tikehau Capital, declared:

“The purpose of our energy transition-focused platform is to make equity investments in profitable
companies in this sector. We give these companies a major boost so that they can immediately reduce
greenhouse gas emissions. In line with our commitment in terms of ESG and particularly with our
intention to address the climate emergency, we decided to launch the first private equity fund on this
scale to focus entirely on energy transition. Tikehau Capital committed €100 million of its own balance
sheet to the fund. This close alignment of interest with our investors, whom I thank for the trust they
have placed in us, has enabled us to attract a wide range of people wanting to invest in a strategy aimed
at decarbonising our economy. This has made our initiative a real success. And this is just the start. We
can meet the targets set by the Paris agreements in 2015 provided that we invest today in these
companies that are transforming our economic system by moving us towards a decarbonised future.”

Emmanuel Laillier, Head of Private Equity at Tikehau Capital, added:

“Investors’ enthusiasm for this fund shows the appeal of our energy transition-focused private equity
platform. We launched the platform in 2018 with the ambitious objective of raising between 750 million
euros and 1 billion euros, which we have now far exceeded. Our success also highlights the need to
strengthen companies’ equity bases to move faster with energy transition. This is an outstanding
performance for a first generation of funds dedicated to energy transition. I would like to congratulate
the Tikehau Capital team for this achievement. Together, we want to support the growth of European
SMEs in a sector that is playing a crucial role in addressing the climate emergency.”



1Circa €990 million raised by the T2 Energy Transition Fund and circa €100 million raised for the energy transition strategy through co-investments
mandates.


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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).

Tikehau Capital’s T2 Energy Transition Fund is one of the leading and largest global growth private equity
vehicles singularly committed to fighting climate change.

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 response to the climate emergency.

Over the last 18 months, Tikehau Capital has invested €440 million in six European SMEs focused on clean
energy generation, low-carbon mobility and energy efficiency. Pierre Abadie and Mathieu Badjeck, co-
managers of Tikehau Capital’s T2 Energy Transition Fund, said: "In 2019 alone, Tikehau Capital’s energy
transition portfolio companies have provided goods and services that, over their lifetime, will avoid one million
tons of CO2 from being emitted. And this is the just the beginning.”

Tikehau Capital’s T2 Energy Transition Fund has already acquired stakes in: Greenyellow, a provider of
energy efficient refrigeration solutions to retail outlets; Groupe Rougnon, a specialist in energy-efficient
refurbishment of buildings; Crowley Carbon, a service provider that helps factories become more energy
efficient; Amarenco a leading developer in distributed solar projects; Enso, a biomass boiler specialist; and
EuroGroup, a supplier of engine parts for EVs.




The enclosed video highlights some of the fund’s LPs and government support. Thanks to Mr.
Philippe Etienne, French Ambassador to the United States, Mr. Alex Doñé, Deputy
Comptroller, Asset Management & CIO, Office of the NYC Comptroller, Mr. Scott Stringer, Ms.
Olivia Grégoire, Minister of State for the Social Solidarity and Responsible Economy, as well
as Mr. Nicolas Dufourcq, CEO of BPI France and Mr. Alain Godard, CEO of European
Investment Fund, for their participation.

To view this testimony: click here




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ABOUT TIKEHAU CAPITAL
Tikehau Capital is a global alternative asset management group with €28.5 billion of assets under management (as of 31 December
2020). Tikehau Capital has developed a wide range of expertise across four asset classes (private debt, real assets, private equity
and capital markets strategies) as well as multi-asset and special opportunities strategies.

Tikehau Capital is a founder- led team with a differentiated business model, a strong balance sheet, proprietary global deal flow
and a track record of backing high quality companies and executives.

Deeply rooted in the real economy, Tikehau Capital provides bespoke and innovative alternative financing solutions to companies
it invests in and seeks to create long-term value for its investors, while generating positive impacts on society. Leveraging its strong
equity base (€2.8 billion of shareholders’ equity as of 30 June 2020), the firm invests its own capital alongside its investor-clients within
each of its strategies.

Controlled by its managers alongside leading institutional partners, Tikehau Capital is guided by a strong entrepreneurial spirit
and DNA, shared by its 570 employees (as of 30 June 2020) across its 11 offices in Europe, Asia and North America. Tikehau Capital
is listed in compartment A of the regulated Euronext Paris market (ISIN code: FR0013230612; Ticker: TKO.FP).
For more information, please visit: www.tikehaucapital.com




PRESS CONTACTS:

Tikehau Capital: Valérie Sueur – +33 1 40 06 39 30

France – Image 7: Florence Coupry & Charlotte Le Barbier – +33 1 53 70 74 70

UK – Prosek Partners: Clare Glynn– +44 7912 107 653

USA – Prosek Partners: Trevor Gibbons – +1 646 818 9238

press@tikehaucapital.com




SHAREHOLDER AND INVESTOR CONTACT:

Louis Igonet – +33 1 40 06 11 11
shareholders@tikehaucapital.com




DISCLAIMER:

This transaction was carried out by TIKEHAU INVESTMENT MANAGEMENT SAS (on behalf of the funds that it manages), a portfolio
management company approved by the AMF since 19/01/2007 under number GP-0700000006.

This document does not constitute an offer of securities for sale or investment advisory services. It contains general information only
and is not intended to provide general or specific investment advice. Past performance is not a reliable indicator of future earnings
and profit, and targets are not guaranteed.

Certain statements and forecasted data are based on current forecasts, prevailing market and economic conditions, estimates,
projections and opinions of Tikehau Capital and/or its affiliates. Due to various risks and uncertainties. actual results may differ
materially from those reflected or expected in such forward-looking statements or in any of the case studies or forecasts. All references
to Tikehau Capital’s advisory activities in the US or with respect to US persons relate to Tikehau Capital North America.




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