Tikehau Capital, the alternative asset management and investment group, has announced the creation of itsfirst European Long-Term Investment Fund (ELTIF) dedicated to Banca March private clients in Spain.
Banca March is the only 100% family owned Spanish bank, specialising in Private Banking,with close to a century of experience investing in the real economy, and more than 10 years co-investing in “real economy”projects alongside its clients.
This ELTIF fund dedicated to the energy transition will be targeting all Banca March clients, offering them access to private equity investment solutions focused on energy transition.This will replicateTikehau Capital’s Energy Transition fund launched with Total SA in 2018 which offers a differentiated strategy, offering strong financial returns while accelerating the transition to a low-carbon economy.
The European ELTIF label was created in 2015 at the initiative of the European authorities and applies to Alternative Investment Funds (AIF) with the objective of providing long term financing solutions to the “real economy”. Complementing Tikehau Capital’s offer, it is designed to enable pan-European institutional and private investors, particularly savers, to invest in very long-term assets, including unlisted assets -among whichprivate equity.
After Banca March’s deep analysis and approval to proceed with this new co-investment project alongside its clients, and following the successful partnership with Fideuram-Intesa Sanpaolo Private Banking, Italy's largest private banking network-this is Tikehau Capital's second initiative specifically addressing private investors’ needs.
Carmen Alonso, Head of Iberia at Tikehau Capital, said: "We are pleased to partner up with one of the best reputed private banks in Spain, Banca March, with whom we share the same philosophy of co-investing alongsideour clients and strong alignment of interests.”
Thomas Friedberger, Co-Chief Investment Officer and Chief Executive Officer of Tikehau Investment Management added: “We are proud that BancaMarch has decided to partner with us to satisfy its private clients’ demand for private equity investment supported by a strong ESG conviction. Driving energy transition through long-term initiative to create growth is a key focus for our company."
Juan Antonio Roche, Head of Products Area at Banca March, said: “It is our pleasure to announce the partnership with Tikehau, a leading investor in Europe that shares with us a common understanding of servicing clients as much as the financial opportunity behind energy transition. We could not think of a better time to move ahead with the changes in progress, a world that after the COVID-19 will reinforce and accelerate the shift towards a more sustainable energy system. Tikehau Capital’s Energy Transition fundcontributes with impact today while investing in already profitable companies that are active in this growing business.”
About Tikehau Capital:
Tikehau Capital is an asset management and investment group with €25.8 billion of assets under management and shareholder equity of €3.1 billion (as at 31 December 2019). The Group invests in various asset classes (private debt, real estate, private equity and capital markets strategies) including through its asset management subsidiaries on behalf of institutional and private investors. Controlled by its managers alongside leading institutional partners, Tikehau Capital employs more than 530 staff (at 31 December 2019) in its Paris, London, Amsterdam, Brussels, Luxembourg, Madrid, Milan, New York, Seoul, Singapore and Tokyo offices.Tikehau Capital is listed on the regulated market of Euronext Paris. Compartment A (ISIN code: FR0013230612; Ticker: TKO.FP)
About Banca March:
Banca March is the parent company of one of the top financial groups in Spain and the only family-owned Spanish Bank. Focusing in private banking and corporate advisory services for businesses, family businesses and entrepreneurial families, its business model is based on prudence and long-term stakeholder relationships. The guiding principle behind the bank’s strategy is customer, employee and shareholder alignment of interests with a clear commitment to shared growth. Banca March emerged as Europe’s most solvent bank in the two stress tests undertaken by the European Banking Authority (EBA) in 2010 and 2011. It currently has the lowest NPL ratio in the Spanish financial sector and one of the highest solvency levels in Europe. Banca March’s robust business model has received recognition from Moody’s rating agency, which has upgraded the bank’s long-term debt rating to A3, one of the highest rating in the Spanish financial sector and a better rating than the Spanish sovereign debt, which is currently rated Baa1. Banca March is one of the main shareholders in Corporación Financiera Alba, which has significant shareholdings in Naturgy (indirect), Acerinox, Indra, Ebro Foods, BME, Viscofan, Euskaltel and Parques Reunidos, among other companies.
cloud technology axon
Sherpa Capital, firma de capital privado especializada en inversiones ...
