Eurazeo sees private debt boost Q1 2026 fundraising to €1.1bn

Private markets asset manager Eurazeo raised €1.1bn (£953.4bn) from its clients in the first quarter of 2026, an 11 per cent year-on-year increase, boosted by its private debt activities.

The firm reported that private debt raised €852m in the quarter, up 91 per cent year-on-year, driven by its direct lending strategy.

Assets under management (AUM) at the group totaled €39.2bn at the end of the first quarter, a 7 per cent increase over 12 months, while fee-paying AUM was €28.9bn, including +13 per cent for third parties.

Third-party AUM, including limited partners (LPs) and retail clients, stood at €30.4bn, up 14 per cent over the previous 12 months.

Eurazeo grew its institutional LP client base in the first three months of 2026, adding 15 new clients and continued to expand it internationally, particularly in Asia and Continental Europe.

The firm revealed that LPs outside France accounted for more than 50 per cent of institutional flows in the first quarter of 2026.

Total realisations increased 140 per cent to €600m in the first quarter of the year, with private equity and private debt activities contributing equally to quarterly performance.

Group deployments rose 17 per cent year-on-year to reach €900m, with private debt deployments “particularly active” at €700m (+37 per cent), in line with the strong pace of fundraising, the group said.

“Eurazeo has delivered a strong start to the year, fully aligned with the execution of our strategic roadmap and the growing momentum of our business model,” said Eurazeo co-chief executives Christophe Bavière and William Kadouch-Chassaing.

“Building on a record year in 2025, fundraising has remained robust, confirming our status as a leading asset manager. At the same time, the recent award of investment grade ratings and the success of our inaugural bond issue have underscored the strength of Eurazeo’s financial profile and extended its headroom.”