ImpactAlpha, March 24 — Paris-based Tikehau Capital has received a $110 million allocation from Pensioenfonds Detailhandel, which has a commitment to invest 1% of its assets via three impact fund managers.
The investment, the Dutch pension fund’s second impact deal, will go to Tikehau’s impact lending fund, which invests primarily in small and medium-sized enterprises in Europe to help advance a more inclusive and sustainable economy. Tikehau said the fund had raised more than $300 million by the end of last year.
The pension fund selected Tikehau for its “impact investing credentials, in addition to their in-depth understanding of the European market,” said Pensioenfonds Detailhandel’s Henk Groot. “Investing our capital with a socially responsible approach, whilst generating long-term value, is central to our investment principles and decision-making.”
The $40.7 billion pension fund’s first investment was in Polestar Capital’s circular economy debt fund. Pensioenfonds Detailhandel expects to announce its third impact allocation next month.
Tikehau, which managed $37.8 billion as of the end of 2021, last year raised $300 million for a private equity fund focused on North American businesses supporting the transition to a low-carbon economy.
Tikehau opened an office in Tel Aviv, led by Asaf Gherman and Rudy Neuhof.