Eurazeo, an European investment group, has closed its sixth direct lending fund with €2.1bn from third parties, exceeding the initial target of €2bn. Adding in the €900m raised from retail investors, the total scale of Eurazeo’s Private Debt program totals €3.2bn
Since its inception, the program is already over 70% deployed. The Private Debt VI fund has invested in over 50 companies across Europe, operating in resilient, non-cyclical sectors such as business services, healthcare, specialized financial services and information technology.
Eurazeo’s Private Debt strategy now accounts for over 20% of its assets under management. Its experienced international team of over 20 investors provides funding – mainly senior debt but also subordinated – to European SMEs with valuations of between €30m and €300m. Since the team was formed in 2007, it has helped financing almost 400 companies, with total commitments amounting to €10.5bn.
