Eurazeo grew AUM by 44% over past 12 months
Listed French asset manager Eurazeo has grown its assets under management (AUM) by 44% over the past year, including a 54% increase in private equity AUM, according to its Q3 results.
As of 30 September, total AUM stood at EUR 27bn, up 44% over 12 months, and up 24% since the end of 2020. This was mostly driven by a sharp increase in private equity AUM, which reached EUR 19.8bn – a 54% uptick on the same figure a year ago.
Over the first nine months of 2021, Eurazeo raised EUR 3bn from limited partners, nearly twice what was raised in the corresponding period in 2020. The investor noted that several programmes surpassed initial targets (including growth, secondaries and private debt vehicles), combined with the launch of fundraising for its fourth Small-Mid Buyout programme. Management fees increased by 24% to EUR 221m for the nine months ending on September 30.
Eurazeo added that it expects 2021 fundraising to break the EUR 4bn mark.
Deployment also went up sharply in the first three quarters, totaling EUR 4.1bn compared with €1.7bn over the first nine months of 2020. Meanwhile, realisations rose significantly to EUR 2.4bn, compared with just EUR 700m between January and September 2020. Eurazeo said it plans to accelerate its realisation programme in 2022 "given the maturity of its portfolio and the high quality of its assets".
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