Eurazeo announced the final close of its fifth-generation private equity secondaries program at €2.3 billion. Total aggregate commitments to Eurazeo Secondary Fund V and associated vehicles exceeded the initial target of €2 billion.
The close represents a significant increase from Eurazeo’s previous secondaries program, which closed at €1 billion in 2021. Eurazeo said the larger fund reflects growing investor demand for its disciplined strategy and differentiated market positioning.
The program attracted commitments from a diversified global investor base. Investors included sovereign wealth funds, pension funds, financial institutions, family offices, and private wealth clients.
Eurazeo has been active in the private equity secondaries market since 2003. The firm has a dedicated secondaries team of more than 30 professionals.
The firm invests across GP-led secondary opportunities and traditional LP secondaries. Eurazeo has a particular focus on the European mid-market, where it has long-standing expertise.
Eurazeo’s Secondaries & Mandates assets under management exceed €6.4 billion. This represents 17% of the group’s total assets under management.
Eurazeo said the secondary market remains deep and dynamic, with attractive opportunities continuing to emerge across Europe. The firm noted that ESF V is already well into its deployment phase.
The fund is approximately 50% invested to date. Eurazeo said the capital has been deployed across 22 secondary transactions.
KEY QUOTES:
“The closing of our fifth secondaries program at €2.3 billion marks an important milestone for Eurazeo and a significant step forward in the development of our secondaries platform. The strong increase in commitments reflects the growing recognition of our strategy in the market and the relevance of our differentiated positioning. We are grateful for the continued trust of our investors, whose support underscores the strength of our long-term track record and our ability to deliver consistently across market cycles.”
Christophe Simon, Managing Partner in Eurazeo’s Secondaries & Mandates team
“The secondary market remains deep and highly dynamic, with attractive opportunities continuing to emerge across Europe. Our disciplined focus on European buyout assets allows us to access resilient, high-quality transactions in a segment where we have long-standing expertise. Against a volatile market backdrop, we are seeing a record level of opportunities, and ESF V is already well into its deployment phase, with approximately 50% invested to date across 22 secondary transactions.”
Amine Rais, Partner in Eurazeo’s Secondaries & Mandates team
