Eurazeo has held the final close of Idinvest Private Debt V, its fifth direct lending fund, at EUR1.5 billion, ahead of its initial EUR1.2 billion target.
Along with the Group’s EUR500 million in private debt funds and investment mandates, its current private debt programme now totals EUR2.0 billion.
Building on the solid track record of its four previous vintages of direct lending vehicles, this fund was raised thanks to the renewed confidence of Eurazeo’s long-standing investors, while also attracting many new investors. Today, more than 70 per cent of the fund’s investors are located outside France.
Eurazeo’s Private Debt team, with EUR5 billion AuM, arranges senior or subordinated debt for European SMEs valued at between EUR30 million and EUR300 million. Since its creation in 2007, the team has arranged over 120 transactions for a cumulative value of EUR3.6 billion. Drawing on the experience of its 21 international members, the team focuses on high-growth sectors (tech, health care and professional services, among others) and aligns its activities with O+, Eurazeo’s ambitious ESG strategy.
Read more/Source: Private Equity Wire
