Tikehau Capital, Société Générale Assurances, CNP Assurances and CARAC Group Join Forces to Launch a Private Equity Fund Dedicated to European Defense and Security, Available Through Life Insurance and Retirement Savings Products

Regulatory News:

Tikehau Capital (Paris:TKO), the global alternative asset management group, in partnership with Société Générale Assurances, CNP Assurances and CARAC Group, three leading insurers, announces the launch of an innovative private equity fund dedicated to the strategic sectors of defense, cybersecurity and European security. The fund, structured mainly around private equity strategies managed by Tikehau Capital¹, will be available as unit-linked products in the life insurance and retirement savings policies of the three partners from September 2025.

Initiated by Tikehau Capital, this Article 8 fund has an initial commitment of 150 million euros, invested in equal parts by the three partner insurers. This capital contribution reflects their shared desire to support the strengthening of French and European industrial and technological capabilities, against a backdrop of growing challenges to strategic autonomy in defense and security. The aim is to support the emergence of future European leaders, while promoting job creation and economic dynamism in France and Europe. The strategic sectors of aeronautics and cybersecurity, which are essential to our defense, will receive particular attention because of the size and growth momentum of their markets. Many high-potential companies in these fields are also distinguished by the dual nature of their activities, both civilian and military – a factor that strengthens their resilience and encourages cross-fertilization between defense and civilian industries.

A unique investment product tailored to the challenges of sovereignty

Named Tikehau Défense et Sécurité² (TDS), this new fund will be the first unlisted asset vehicle eligible for unit-linked investment dedicated entirely to defense and security issues.

In the first phase, the three partner insurers launching the fund will have exclusive rights for one year, until September 2026, to list and market the fund within their policies. At the end of this period, Tikehau Defense and Security may be offered to other insurers and will be accessible to any professional investor³.

Tikehau Defense and Security will be available to individual policyholders, enabling them to diversify their savings by investing in strategic sectors of the European economy, while targeting an attractive performance.

Exceptional expertise now available to investors

This fund will be able to invest in primary, secondary or co-investment in European companies in the targeted sectors, and to a lesser extent in private debt. It will draw on Tikehau Capital's recognized expertise⁴ in private equity and private debt and will benefit from the know-how of its lead manager in the aerospace, defense and cybersecurity sectors – a differentiating approach in the market.