Eurazeo sees non-public debt AUM rise by 26pc to €8.8bn in Q3

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Eurazeo sees non-public debt AUM rise by 26pc to €8.8bn in Q3


Eurazeo noticed its non-public debt property below administration (AUM) enhance by 26 per cent year-on-year within the third quarter to €8.8bn (£7.3bn).

In contrast, AUM for its fairness investments totalled €24.6bn, up only one per cent on the identical interval final 12 months however making up the far higher proportion of general AUM.

Whole AUM at Eurazeo got here to €35.5bn as of September 30, 2024, up seven per cent over 12 months.

Price-paying AUM (FPAUM) amounted to €26bn, up 9 per cent over 12 months, with a 12 per cent enhance in FPAUM from third events.

Learn extra: Eurazeo doubles non-public debt fundraising to €1.6bn in H1

Eurazeo raised €3bn from third events, representing a 76 per cent enhance in comparison with the €1.7bn raised over the identical interval in 2023.

A lot of this was attributable to personal debt, which noticed €1.9bn raised throughout the 9 months, together with greater than €1.4bn raised by the EPD VII fund.

The group projected fundraising of round €4bn on the shut of 2024.

Group deployment elevated by 5 per cent to €3.2bn within the first 9 months of 2024, in contrast with €3b within the first 9 months of 2023. The quantity invested from the steadiness sheet was €705m, steady in comparison with the €713m deployed within the first 9 months of 2023.

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Personal debt was liable for €1.6bn of that whole deployment, in comparison with €1.1bn over the identical interval within the earlier 12 months.

“Within the first 9 months of the 12 months, Eurazeo confirmed its sturdy momentum with sustained development in fundraising, significantly pushed by non-public debt and buyout,” stated co-chief executives Christophe Bavière and William Kadouch-Chassaing.

“This demonstrates the relevance of our positioning as a diversified platform within the mid-market, development, and affect segments. The group’s asset rotation rebounded strongly in opposition to a backdrop of continued gradual restoration. These outcomes underline our capacity to ship on our strategic roadmap introduced in 2023, each by way of development and transformation.”

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