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Laxman Pai, Opalesque Asia: European alternative investment manager has held a final close of its sixth direct lending fund with €2.3 billion ($2.48bn).
Eurazeo Private Debt VI exceeded its €2 billion target and will invest alongside a €900 million retail investment vehicle, bringing total investable capital for the strategy to €3.2 billion.
The French-headquartered firm said in a media release that the success of this latest fundraising illustrates the wisdom of Eurazeo's strategy and bolsters its position as a leading funder of SMEs in Europe.
"Relying on its skilled Private Debt team and building on the success of five previous generations of funds, Eurazeo benefits from the ongoing trust of its long-standing investors and has attracted several new ones, both international and French. Currently, more than 70% of investors come from Europe (outside France), Asia, North America and Australia," said the release.
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...................... To view our full article Click here
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