Eurazeo hits EUR 5.2bn fundraising record in 2021

The GP said in a statement that its 2021 fundraising total is also 125% greater than the average that it had raised over the past three years.

International LPs brought around two thirds of the capital raised, according to the same statement. The contributions that the GP gathered from individual clients also doubled between 2020 and 2021 to EUR 550m.

Of the EUR 5.2bn fundraising total, EUR 3.1bn was raised for its private equity strategies.

Within this total, Eurazeo raised EUR 1.1bn across its growth and venture strategies, according to a statement. Eurazeo Growth Fund III held a first close in December 2019 on EUR 155m, followed by an interim close on EUR 500m in January 2021 and a final close in July on EUR 1.6bn. The fund was 60% deployed at the time of its final close, according to Unquote Data.

Eurazeo's buyout strategies raised a total of EUR 1.4bn in 2021. The GP launched its fourth Small Mid Buyout fund (PME IV) in March 2021 and had raised EUR 700m for the fund by July 2021, EUR 400m of which came from Eurazeo's balance sheet. The GP has also developed the co-investment opportunities in its existing programmes, it said in a statement.

In addition, Eurazeo held a final close for Idinvest Secondary Fund IV (ISF IV) in July 2021 on EUR 700m, surpassing its EUR 600m target.

Eurazeo Growth Fund IV was registered in July 2021, according to Unquote Data, and is expected to come to market in early 2022.

The GP said in the same statement that it will roll out "a major fundraising programme" in 2022 and 2023 in line with its own growth plans, as well as to address investor demand.

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• Topics
• Fundraising
• GPs
• France
• France
• Eurazeo
• IDInvest Partners (AGF Private Equity)