Eurazeo has held a final close of its fourth secondary vehicle at EUR1 billion. The capital raised includes EUR700 million for Idinvest Secondary Fund IV, surpassing its EUR600 million target, and EUR300 million of additional secondaries capital. The firm’s secondary focus is to capture European mid-market secondary opportunities in mature private equity funds or through acquiring portfolios of selected companies.

Eurazeo’s managing partner and head of secondaries, Christophe Simon, says: “We believe the growth of our secondary activity reflects the increasing client demand of our niche positioning in the European mid-market and our recognised expertise in arranging sophisticated GP-led transactions.”

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