Eurazeo SE Announces €480 Million Private‑Debt Continuation Fund with Pantheon
Eurazeo SE, the Paris‑based financial investment company listed on both the NYSE and Euronext Paris, announced the closing of a private‑debt continuation fund with a total committed capital of €480 million. The fund is structured in partnership with Pantheon, a global secondaries investor known for its expertise in secondary credit markets.
Fund Structure and Objectives
The continuation vehicle will employ leverage and acquire a diversified portfolio of high‑performing European senior credit assets. These assets are sourced from Eurazeo’s existing private‑debt legacy platforms. The fund is designed to:
- Provide liquidity to current investors while preserving the value of underlying assets.
- Maintain portfolio monitoring under Eurazeo’s management, ensuring continuity and alignment with stakeholders.
- Expand financing capacity for European medium‑size enterprises, supported by Pantheon’s additional capital.
Nicolas Nedelec, Partner of Eurazeo’s Private Debt team, emphasized that the transaction showcases the robustness of Eurazeo’s private‑debt platform and its proactive management of fund life cycles in the best interests of investors.
Partnership with Pantheon
Pantheon brings significant experience in secondary credit markets. By contributing capital, Pantheon enhances Eurazeo’s ability to support medium‑sized enterprises across Europe. The partnership is expected to generate a synergistic benefit, combining Eurazeo’s asset‑management expertise with Pantheon’s secondary‑market capabilities.
Market Context
The announcement follows a trend of increasing capital flows into European private‑debt markets. In 2025, Romanian startups attracted record financing, with international investors such as Eurazeo playing a key role. This environment underscores Eurazeo’s ongoing commitment to providing financial and human resources to small and medium‑sized enterprises worldwide.
Corporate Actions
On 2 February 2026, Eurazeo disclosed transactions involving its own shares for the period 26 – 30 January 2026, reflecting routine share‑holder activity. No impact on the continuation fund structure has been indicated.
Financial Snapshot
- Market Capitalisation: €3.3 billion
- Close Price (2026‑02‑01): €51.35
- 52‑Week High: €80.90 (17 February 2025)
- 52‑Week Low: €48.64 (20 January 2026)
- Price‑to‑Earnings Ratio: –5.748
The fund’s launch adds a €480 million layer to Eurazeo’s diversified €37.4 billion asset base, reinforcing its position within the European private‑equity and private‑debt landscape.
