TiLT Capital’s first fund exceeds its hard-cap by reaching €320 million

(Boursier.com) — 6 months after reaching its first fundraising objective of 250 ME, TiLT Capital Fund 1 exceeds its hard-cap by reaching 320 ME. Its investors are 45% public institutional investors engaged in financing the energy transition such as the European Investment Bank, the European Investment Fund and Bpifrance, and 30% leading institutional investors (banks, insurers, fund of funds); the fund also has 15% private investors (Family Offices) and a commitment from Siparex Associés (sponsor of the Siparex Group funds) which represents 10% of subscriptions. Nearly a third of subscriptions come from international investors.
The TiLT team, now made up of 8 investors and which aims to be 11 by the end of 2024, has already made 6 investments since the launch of the fund in April 2022, including recently in the company EoDev, which designs and manufactures generators. clean and quiet electric powered by a hydrogen fuel cell, and in the company Volta, an independent producer of 100% renewable electricity, particularly from solar and wind sources. Many projects are also under study.

Labeled “Tibi” and “France Investissement Assureurs”, this fund categorized as “article 9” under the SFDR, targets French and European growth SMEs contributing to the energy transition. It can invest unit tickets of up to 50 MEUR, and beyond as part of co-investments. This first TiLT Capital fund provides these companies with equity financing solutions in the critical phase of their industrialization and commercial development, including internationally.
This growth capital segment is a first decisive step which will enable the emergence of assets which will constitute the heart of the energy transition.

Nicolas Piau, Co-founder and President of TiLT, states: “We warmly thank all of the fund’s subscribers who are committed alongside TiLT in financing SMEs in the energy transition, one of the essential challenges in moving towards a more sustainable and equitable world. For almost 2 years, we have been proud to implement our strategy of financing decarbonization solutions and we are actively working to accelerate the growth of the companies in which the fund has invested. It is with increased determination that we will continue to strengthen our means of action and develop TiLT as a reference platform for financing the energy transition.”