Tikehau Capital launches the new vintage of Brienne, its flagship private equity cybersecurity strategy, with a first close at €200 million, surpassing the size of its predecessor

Regulatory News:

Tikehau Capital (Paris:TKO), the global alternative asset management group, announces the launch of Brienne, the new vintage of its private equity cybersecurity strategy, building on the success of its predecessor. With €200 million at first close, this vintage will stand as the largest vehicle dedicated to digital security in Europe.

The focus of this next vintage will be on seizing European opportunities and supporting companies with significant global B2B scalability potential. It aims to invest ticket sizes ranging from €10 million to €50 million, including reinvestments, thus offering the potential for substantial backing to companies poised to redefine the cybersecurity landscape.

Launched in June 2019, Brienne III¹, the previous vintage of Tikehau Capital’s private equity cybersecurity strategy successfully raised €175 million and strategically invested in 15 companies within the European cyber ecosystem. The launch of this new vintage underscores Tikehau Capital's steadfast dedication to investing in pioneering technology and fortifying digital security on a broader scale. With €200 million in capital commitments already secured from a diverse range of institutional, strategic and private investors, this strategy demonstrates its resilience and robust momentum.

As the digital landscape continues to evolve, the need for robust cybersecurity has never been more critical. The ongoing surge of cyber threats and attacks is impacting businesses of all sizes and across all sectors, with a particular emphasis on critical industries.

In this ever-evolving landscape, cybersecurity is at the forefront of technological development and is an enduring investment opportunity. 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.

"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," said Marwan Lahoud, Chairman of Private Equity at Tikehau Capital.