Eurazeo Closes its Private Debt Fund EPD VII at 3.9 Billion Euros
Asset manager Eurazeo finalized the closing of its private debt fund EPD VII at 3.9 billion euros on Tuesday, significantly exceeding its initial target of 3 billion euros. This fundraising strengthens the growing importance of the private debt strategy within the group.
Final Amount Exceeds Expectations
Eurazeo announced on Tuesday the final closing of Eurazeo Private Debt VII (EPD VII), its flagship direct lending fund, at 3.9 billion euros. This amount significantly exceeds the initial target of 3 billion euros set for this program.
The EPD VII program fund reached 3.9 billion euros in direct financing, amounting to 5.5 billion euros in total when integrating nearly one billion raised from private wealth as well as institutional commitments. International investors account for more than 60% of the commitments, with a significant portion coming from North America and Asia.
Advanced Deployment and Strengthened Geographic Anchoring
EPD VII is already 65% deployed, with investments made in over 70 companies across Europe totaling 2.5 billion euros. The fund continues the trajectory of Eurazeo Private Debt VI, which closed at 2.3 billion euros in 2023.
The private debt strategy now represents over 11 billion euros in assets under management, accounting for 29% of the group's total assets. The pan-European Private Debt team is based in Paris, London, Frankfurt, Milan, Madrid, and Stockholm.
A Sign of Investor Confidence
Eric Gallerne and François Lacoste, managing partners at the head of the Private Debt division, commented on the result: "With more than two decades of experience and teams established in six European countries, we are well-positioned to generate attractive returns for our investors while supporting the new generation of companies in the lower mid-market segment. This record closure reflects the confidence our investors place in us and the sustained demand for exposure to European private debt."
