Key Takeaways
- • Eurazeo completed the final closing of Eurazeo Private Debt VII (EPD VII), its flagship direct lending fund, at €3.9 billion, well above its initial €3 billion target.
- • The programme's total size reaches €5.5 billion including close to €1 billion raised from Private Wealth, alongside institutional commitments and mandates.
- • International investors account for more than 60% of commitments, with notable demand from North America and Asia.
- • EPD VII is already 65% deployed, with €2.5 billion invested across more than 70 companies in Europe.
- • Private Debt assets under management exceed €11 billion, representing 29% of Eurazeo's total AUM.
Summary
Eurazeo has completed the final closing of Eurazeo Private Debt VII (EPD VII), its flagship direct lending fund, at €3.9 billion, significantly exceeding its initial €3 billion target. The company describes the outcome as a record close reflecting continued limited partner confidence in its Private Debt strategy and sustained demand for exposure to the European lower mid-market.
With this raise, the seventh programme reaches a total size of €5.5 billion. That figure includes close to €1 billion raised from Private Wealth investors, alongside investments and mandates from institutional commitments. International investors account for more than 60% of commitments, which Eurazeo says confirms growing appeal among investors in North America and Asia seeking diversified exposure to European private debt.
EPD VII is already 65% deployed, with investments in more than 70 companies across Europe totalling €2.5 billion. The fund succeeds Eurazeo Private Debt VI, which closed at €2.3 billion in 2023. Private Debt assets under management now exceed €11 billion, representing 29% of Eurazeo's assets under management.
Eric Gallerne and François Lacoste, Managing Partners, Private Debt, said the team's more than two decades of experience and presence in Paris, London, Frankfurt, Milan, Madrid and Stockholm position it to deliver attractive returns while supporting the next generation of lower mid-market European companies. They attributed the close to investor trust in the strategy and to the discipline of the investment approach and its ability to deploy capital consistently across market cycles.
With this raise, the seventh programme reaches a total size of €5.5 billion. That figure includes close to €1 billion raised from Private Wealth investors, alongside investments and mandates from institutional commitments. International investors account for more than 60% of commitments, which Eurazeo says confirms growing appeal among investors in North America and Asia seeking diversified exposure to European private debt.
EPD VII is already 65% deployed, with investments in more than 70 companies across Europe totalling €2.5 billion. The fund succeeds Eurazeo Private Debt VI, which closed at €2.3 billion in 2023. Private Debt assets under management now exceed €11 billion, representing 29% of Eurazeo's assets under management.
Eric Gallerne and François Lacoste, Managing Partners, Private Debt, said the team's more than two decades of experience and presence in Paris, London, Frankfurt, Milan, Madrid and Stockholm position it to deliver attractive returns while supporting the next generation of lower mid-market European companies. They attributed the close to investor trust in the strategy and to the discipline of the investment approach and its ability to deploy capital consistently across market cycles.
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