Pensioenfonds Detailhandel has launched the €100m impact private debt mandate and selected Tikehau Capital, the global alternative asset manager, to manage through its Impact Lending strategy. Pensioenfonds Detailhandel issued the mandate after deciding to allocate around 1% of total assets to three firms in the impact investing sector. The first of these allocations was earlier this month, when the pension fund invested in Polestar Capital’s circular economy debt fund, while the third will be with a manager focused on emerging markets.
Pensioenfonds Detailhandel selected Tikehau Capital owing to the latter’s pan-European reach and it’s well-regarded expertise in impact investing and platform. Moreover, the firm’s impact lending approach and investment framework aligns with the pension fund’s.
Pensioenfonds Detailhandel’s mandate is aligned with the United Nations Sustainable Development Goal’s on Decent Work & Economic Growth, Responsible Consumption & Production, and Climate Actions. These areas are also a focus of Tikehau Capital’s Tikehau Impact Lending fund’s investment framework.
Nathalie Bleunven, Head of Corporate Lending at Tikehau Capital: “We are delighted that Pensioenfonds Detailhandel has selected us as the fiduciary manager of this €100m investment mandate. The Netherlands is well known for being ahead of the curve when it comes to their ESG outlook and approach. With €1.6 trillion of pension fund assets under management in the country, Pensioenfonds Detailhandel is leading the way when it comes to investing their capital responsibly. Our extensive knowledge of the pan-European private debt market, coupled with our advanced sustainability and impact framework, makes us ideally positioned to generate a positive social and environmental impact, in addition to a financial return.”
Henk Groot, Head of Investments at Pensioenfonds Detailhandel: “Investing our capital with a socially responsible approach, whilst generating long term value is central to our investment principles and decision-making at Pensioenfonds Detailhandel. Tikehau Capital’s impressive impact investing credentials, in addition to their in-depth understanding of the European market is fully aligned with our objectives.”