Eurazeo is pleased to announce the final close of its fifth-generation private equity secondaries programme at €2.3 billion. Total aggregate commitments to Eurazeo Secondary Fund V (ESF V), Eurazeo’s flagship secondaries fund, and associated vehicles substantially exceeded the initial target of €2 billion. This also represents a significant increase compared with Eurazeo’s previous secondaries programme which closed at €1 billion in 2021, reflecting growing investor demand for its disciplined strategy and differentiated market positioning.
Eurazeo’s long-standing expertise in private equity secondaries attracted commitments from a diversified global investor base, including sovereign wealth funds, pension funds, financial institutions, family offices and private wealth clients.
With a dedicated team of more than 30 professionals, Eurazeo has been active in the private equity secondaries market since 2003. The firm invests across both GP-led secondary opportunities and traditional LP secondaries, with a particular focus on the European mid-market.
Eurazeo’s Secondaries & Mandates assets under management exceed €6.4 billion, representing 17% of the Group’s total assets under management.
Christophe Simon, Managing Partner in Eurazeo’s Secondaries & Mandates team, said:
“The closing of our fifth secondaries programme at €2.3 billion marks an important milestone for Eurazeo and a significant step forward in the development of our secondaries platform. The strong increase in commitments reflects the growing recognition of our strategy in the market and the relevance of our differentiated positioning. We are grateful for the continued trust of our investors, whose support underscores the strength of our long-term track record and our ability to deliver consistently across market cycles.”
Amine Rais, Partner in Eurazeo’s Secondaries & Mandate team, added:
“The secondary market remains deep and highly dynamic, with attractive opportunities continuing to emerge across Europe. Our disciplined focus on European buyout assets allows us to access resilient, high-quality transactions in a segment where we have long-standing expertise. Against a volatile market backdrop, we are seeing a record level of opportunities, and ESF V is already well into its deployment phase, with approximately 50% invested to date across 22 secondary transactions.”
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