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Laxman Pai, Opalesque Asia:

European private equity investor Eurazeo has exceeded its fundraising target for the Eurazeo PME IV Fund by attracting more than €1bn ($1.02bn), 50% more than its previous fund.

The global investment group, with a diversified portfolio of €25.6 billion in assets under management, said in a press release that the partner investors include top-tier institutional investors - asset managers, sovereign funds, and insurance companies - and family offices originating in France (64%), other European countries (24%) and Asia (12%).

"Their renewed confidence also reflects the returns generated by Eurazeo's small-mid buyout strategy, resulting in particular from its strong track record in terms of exits. Recent disposals include Orolia (x3.7), Vitaprotech (x3.2), and Intech Médical (x3)," the release added.

Olivier Millet, Member of Eurazeo's Executive Board and Managing Partner-Small-mid buyout, said: "Hitting our €1 billion target is hugely satisfying for our team, and I would like to thank all of its members for their very high level of expertise and commitment over the years. Eurazeo intends to help French SMEs speed up the process of becoming European and international champions."

Olivier added: "Our Group's presence in 11 countries, along with our investment strategy that focuses on high-value-added sectors, are two major benefits that Eurazeo wants to bring to company managers, working closely with them and providing......................

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