Eurazeo has raised €3.9bn (£3.4bn) for its seventh private debt fund, surpassing its initial €3bn target.
The direct lending vehicle, Eurazeo Private Debt VII (EPD VII), invests in the European lower mid-market and builds on the success of Eurazeo Private Debt VI, which closed at €2.3bn in 2023.
The EPD VII fund closed with total commitments of €5.5bn, including almost €1bn raised from private wealth investors alongside institutional commitments, mandates and co-investments.
According to Eurazeo, international investors accounted for more than 60 per cent of commitments, with particularly strong demand from North America and Asia as investors sought exposure to European private debt.
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“This record close reflects the trust our investors place in our strategy and the strong demand for exposure to the European lower mid-market,” said both Eric Gallerne and François Lacoste, managing partners of private debt at Eurazeo. “It highlights the discipline of our investment approach and our ability to deploy capital consistently across market cycles.”
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Eurazeo said EPD VII is already 65 per cent deployed, with investments in more than 70 companies across Europe totalling €2.5bn.
The Paris-headquartered investment firm manages €11bn of private debt assets, which accounts for 29 per cent of its total assets under management.
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