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Tikehau Capital

PRI reporting framework 2019

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Basic information

OO 01. Signatory category and services

01.1. Select the services and funds you offer

Select the services and funds you offer
% of asset under management (AUM) in ranges
Fund management
Fund of funds, manager of managers, sub-advised products
Other
Total 100%

Further options (may be selected in addition to the above)

01.2. Additional information. [Optional]

Tikehau Capital is an asset management and investment group with €22.0 billion of assets under management and shareholders’ equity of €2.3 billion (as at 31 December 2018). The Group relies on an asset management platform counting more than 430 employees of 25 nationalities in 8 countries with offices in Paris, London, Brussels, Madrid, Milan, New York, Seoul and Singapore.

The Group has expanded dynamically through its four business lines: private debt, real estate, liquid strategies (fixed income and equities) and private equity.

In 2018, Tikehau Capital launched T2 Energy Transition Fund, the Group's first sustainability themed fund targeting three key sectors to the energy transition: (1) renewable energy supply, (2) low carbon mobility, and (3) energy efficiency, storage and digitalisation. The fund supports the move from the International Energy Agency’s New Policies Scenario (NPS) to the Sustainable Development Scenario (SDS).

Across all of its strategies, Tikehau Capital's approach focuses primarily on fundamental analysis (economic, financial as well as environmental, social and governance factors - ESG) and highly selective investments. Furthermore, Tikehau Capital has always focused on tailor-made solutions adapted to the needs of its investor clients.


OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

France

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

434 FTE

02.4. Additional information. [Optional]

Tikehau Capital has offices in Paris, London, Brussels, Madrid, Milan, New York, Seoul and Singapore. The Group will enlarge its international presence in 2019 with the opening of an office in Japan. 


OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.2. List your subsidiaries that are separate PRI signatories and indicate if you would like to report their RI activities in your organisation’s consolidated report.

Name of PRI signatory subsidiary

(Up to six subsidiaries may be reported)

RI implementation reported here
on a consolidated basis
          Sofidy
        
          
        
          
        
          
        
          
        
          
        

03.3. Additional information. [Optional]

Tikehau Capital, alternative asset management and investment group, has continued its growth policy in 2018 with the acquisition of Sofidy and ACE Management.

Sofidy’s acquisition accelerates the Group’s development in the real estate asset management market. The newly acquired subsidiary is a leading player of the French real estate market with circa €5bn under management as at December 2018. As a signatory of the UN PRI since 2013, Sofidy is committed to report on its progress. Given that the 2019 reporting year is the first reporting exercise following the acquisition of Sofidy, reports will be prepared for each entity.

In addition, Tikehau Capital announced the acquisition of ACE Management in 2018, an asset management company dedicated to the aerospace & defence, cybersecurity and Blue Economy sectors with circa €400m under management as at December 2018. The firm is not a UN PRI signatory and given that it’s the first reporting exercise following the acquisition, it will not be included within the 2019 reporting scope.

Starting from 2020, Tikehau will consolidate ACE Management RI implementation within its own report. Sofidy UN PRI reporting may remain independant if requested by certain of its investors or other stakeholders.


OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2018

04.2. Indicate your total AUM at the end of your reporting year.

Include the AUM of subsidiaries, but exclude advisory/execution only assets, and exclude the assets of your PRI signatory subsidiaries that you have chosen not to report on in OO 03.2
Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.3. Indicate the total AUM of subsidiaries you have excluded from your report (as named in OO 03.2 under “No”). Provide this as a total figure at the end of your reporting year.

Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.4. Indicate the total assets at the end of your reporting year subject to an execution and/or advisory approach.

04.5. Additional information. [Optional]

At Group level, Tikehau Capital’s AUM totalled €22 billion as at 31 December 2018, representing a 59% increase since the beginning of the financial year. All four of the Group’s business lines recorded net inflows during the financial year: Private Debt (+€2.3 billion), Real Estate (+€5.3 billion incl. Sofidy acquisition), Liquid Strategies (+€ 0.1 billion) and Private Equity (+€1.2 billion including incl. ACE Management acquisition).


OO 06. How would you like to disclose your asset class mix

06.1. Select how you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)

 

Listed equity <10% 2 0 0
Fixed income >50% 51 0 0
Private equity <10% 5 0 0
Property 10-50% 35 0 0
Infrastructure 0 0 0 0
Commodities 0 0 0 0
Hedge funds 0 0 0 0
Fund of hedge funds 0 0 0 0
Forestry 0 0 0 0
Farmland 0 0 0 0
Inclusive finance 0 0 0 0
Cash 0 0 0 0
Money market instruments 0 0 0 0
Other (1), specify <10% 7 0 0
Other (2), specify 0 0 0 0

'Other (1)' specified

          Others include direct investments on Tikehau Capital SCA own account (co-investments, funds, private and listed investments).
        

06.2. Publish asset class mix as per attached image [Optional].

06.3. Indicate whether your organisation has any off-balance sheet assets [Optional].

06.5. Indicate whether your organisation uses fiduciary managers.

06.6. Provide contextual information on your AUM asset class split. [Optional]

In the UN PRI report, fixed income comprises both (i) private debt and (ii) liquid strategies – fixed income.


OO 07. Fixed income AUM breakdown (Private)


OO 08. Segregated mandates or pooled funds (Not Applicable)


OO 09. Breakdown of AUM by market

09.1. Indicate the breakdown of your organisation’s AUM by market.

90 Developed Markets
5 Emerging Markets
5 Frontier Markets
0 Other Markets
Total 100% 100%

09.2. Additional information. [Optional]


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