MACSF and Tikehau Capital Launch an Innovative Private Debt Unit-Linked Product in Life Insurance

Regulatory News:

MACSF Group, the leading insurer for health professionals, and Tikehau Capital (Paris:TKO), an alternative asset management group, have joined forces to offer individual investors an original and innovative product that gives them the opportunity to contribute to the financing of the real economy by investing in life insurance in the private debt of French and European SMEs. This asset class was previously only accessible for institutional investors.

MACSF and Tikehau Capital are launching an innovative solution, creating a unit-linked product that enables savers to invest in the private debt of French and European unlisted SMEs, while keeping their savings available. The evergreen format (i.e with an unlimited life span) of the new investment solution enables investors to benefit from a high degree of visibility of the evolution in their savings and liquidity at all times.

An alternative to listed investments

The investment product is called Tikehau Financement Entreprises and will be available exclusively within MACSF’s RES Multisupport life insurance policy from May 2021 as part of the “Libre” profile^[1], with no minimum payment amount. It will also be accessible in the RES Retraite pension savings plan.

“At MACSF, we are continuously seeking the most relevant diversification solutions for our savers and we wanted to give them access to unlisted companies with major growth potential. There was no fund on the market offering the flexibility, liquidity and performance outlook that we wanted for our policyholders. This is why we decided to create a new product based on an innovative mechanism, together with Tikehau Capital, our long-standing partner,” said Stéphane Dessirier, Chief Executive Officer of MACSF Group.

To bring its savers a dedicated unit-linked product that offers an alternative to listed investments, Tikehau Capital made its private-debt investment platform available to MACSF, the leading insurer of health professionals. Benefiting from a fully integrated responsible approach, this investment addresses the growing need from individual investors to give meaning to their savings while securing a regular revaluation.

Contributing to the financing of the real economy

“Our conviction at Tikehau Capital has always been that the asset management sector should facilitate the directing of French savings to the financing of companies and the real economy. This necessity was accentuated by the COVID-19 crisis, and with our long-term partner MACSF, we sought to give individual investors the opportunity to support French and European SMEs and thus finance the real economy. These companies account for a major share of European growth and job creations. This new source of financing will provide them with flexible and stable resources to continue their development while representing a driver of substantial yields for savers,” said Antoine Flamarion, co-founder of Tikehau Capital.