Tikehau Capital, a Paris, France-based alternative asset management group, launched Brienne, the new vintage of its private equity cybersecurity strategy, with €200m at first close.
Backers included a diverse range of institutional, strategic and private investors.
The focus of this next vintage will be on seizing European opportunities and supporting companies with significant global B2B scalability potential. Tikehau Capital’s private equity strategy intends to play a pivotal role in strengthening digital security and supporting companies in delivering state-of-the-art solutions within the cybersecurity industry.
The fund aims to invest ticket sizes ranging from €10m to €50m, including reinvestments,
Launched in June 2019, Brienne III, the previous vintage of Tikehau Capital’s private equity cybersecurity strategy raised €175m and strategically invested in 15 companies within the European cyber ecosystem.
Commenting on the announcement, Marwan Lahoud, Chairman Private Equity at Tikehau Capital, said: “Since the launch of our private equity cybersecurity strategy in June 2019, the sector has notably matured, resulting in increasing financial requirements from cybersecurity firms. The latest vintage of this strategy marks the largest European investment vehicle dedicated to cybersecurity. Our primary focus remains on European investments, while keeping a watchful eye on opportunities beyond the continent. Our commitment to digital security goes beyond financial investment. We aim to be at the forefront of innovation in the cybersecurity sector. As an active investor we want to be close to managers and help them develop their business through Tikehau Capital’s international network. We are excited to embrace this challenge and play our part in shaping the future of cybersecurity.“
Tikehau Capital is a global alternative asset management group with €42.0 billion of assets under management (at 30 September 2023). The firm 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. Controlled by its managers alongside leading institutional partners, Tikehau is guided by a strong entrepreneurial spirit and DNA, shared by its 757 employees (at 30 September 2023) across its 15 offices in Europe, Middle East, Asia and North America.
The firm is listed in compartment A of the regulated Euronext Paris market (ISIN code: FR0013230612; Ticker: TKO.FP).