Eurazeo Fund Closes In on €3 Billion Amid Private Wealth Frenzy

Eurazeo SE’s private markets fund backed by wealthy individuals, among the largest of its type in Europe, is rapidly closing in on the €3 billion ($3.25 billion) mark.

Allocations for the Eurazeo Private Value Europe 3 fund from wealthy clients accelerated to €760 million in 2024 alone. That has pushed the fund to €2.65 billion, according to figures in the asset manager’s annual results published Thursday.

The Paris-based firm was a pioneer in attracting capital from wealthy European investors for private-market funds, but US asset managers are a growing presence. In the area of private credit, an Ares Management ...