Eurazeo’s New Growth Fund Raises €650 Million in First Close (1)

European investment group Eurazeo SE has raised €650 million ($752 million) at the first close of its latest growth fund, potentially adding to an AI-fueled recovery in funding for the region’s tech firms.

Eurazeo Growth Fund IV is now more than halfway to its target of €1 billion, according to a statement seen by Bloomberg News.

“There’s momentum in AI, and with a favorable tech landscape now, there’s appetite for our strategy at what continues to be a difficult time,” Hala Fadel, managing partner for Eurazeo’s growth strategy, said in an interview. “With distributions down, the market has been quite ...