Eurazeo sees private debt AUM rise by 26pc to €8.8bn in Q3
Eurazeo saw its private debt assets under management (AUM) increase by 26 per cent year-on-year in the third quarter to €8.8bn (£7.3bn).
By contrast, AUM for its equity investments totalled €24.6bn, up just one per cent on the same period last year but making up the far greater proportion of overall AUM.
Total AUM at Eurazeo came to €35.5bn as of September 30, 2024, up seven per cent over 12 months.
Fee-paying AUM (FPAUM) amounted to €26bn, up nine per cent over 12 months, with a 12 per cent increase in FPAUM from third parties.
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Eurazeo raised €3bn from third parties, representing a 76 per cent increase compared to the €1.7bn raised over the same period in 2023.
Much of this was attributable to private debt, which saw €1.9bn raised across the nine months, including more than €1.4bn raised by the EPD VII fund.
The group projected fundraising of around €4bn at the close of 2024.
Group deployment increased by five per cent to €3.2bn in the first nine months of 2024, compared with €3b in the first nine months of 2023. The amount invested from the balance sheet was €705m, stable compared to the €713m deployed in the first nine months of 2023.
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Private debt was responsible for €1.6bn of that total deployment, compared to €1.1bn over the same period in the previous year.
“In the first nine months of the year, Eurazeo confirmed its strong momentum with sustained growth in fundraising, particularly driven by private debt and buyout,” said co-chief executives Christophe Bavière and William Kadouch-Chassaing.
“This demonstrates the relevance of our positioning as a diversified platform in the mid-market, growth, and impact segments. The group’s asset rotation rebounded strongly against a backdrop of continued gradual recovery. These results underline our ability to deliver on our strategic roadmap announced in 2023, both in terms of growth and transformation.”
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