Eurazeo has closed a €480m private debt continuation vehicle supported by Pantheon, a private markets investor with expertise in credit secondaries. The operation involves the establishment of a continuation vehicle, the implementation of fund leverage, and the purchase of a portfolio of European senior credit assets originating from Eurazeo’s legacy private debt platforms.
As part of the structure, Eurazeo will continue to manage the assets, while Pantheon will provide additional capital, giving it new lending capacity to support European middle market companies.
Eurazeo said the fund forms part of its broader strategy to proactively manage fund maturity cycles and deliver optimised, long-term outcomes for its investor base.
