Eurazeo is strengthening the internationalization of its Wealth portfolio with two new investment vehicles specifically designed for the European market. These two new Evergreen funds specialized by asset class, of which one ELTIF 2.01, will be widely distributed across the continent. Eurazeo Prime Income Credit (EPIC) - for private debt - and Eurazeo Prime Strategic Opportunities (EPSO) - for secondary private equity - are intended for distribution in several European countries, including Austria, Belgium, France, Germany, Italy, Luxembourg, the Netherlands, Spain, Sweden, Switzerland and the United Kingdom.
EPIC and EPSO, whose commercialization and investment phase will begin shortly, have an initial capital of more than EUR100 million each, due to contributions from Eurazeo and a leading institutional investor. Eurazeo aims to replicate and amplify the commercial success of EPVE 3, its first Evergreen fund. With the launch of these two funds, Eurazeo is putting into practice one of the priorities of its 2024-2027 strategic plan: accelerating the development of its business with private clients and consolidating its position as a leading player in private asset management in Europe in the mid-market, growth, and impact segments.
EPIC and EPSO build on the success of EPVE 3, and the expertise acquired by Eurazeo in the retail market and Evergreen funds. Established in 2018 and comprising more than EUR3 billion in assets under management, invested in both secondary private equity and private debt in more than 250 European companies, EPVE 3 is currently the leader in France for private clients. It is also the largest French-law Evergreen fund in the private markets in Europe.
This strengthening of Eurazeo's Wealth offering, with products specifically developed to be distributed in various European countries, comes at a pivotal moment for the continent. According to numerous estimates, the market for Evergreen funds domiciled in Europe, driven in particular by recent regulatory changes and democratization efforts, could grow substantially in the coming years. The central scenario of the Novantigo study, for example, predicts that the assets under management of these funds will increase sixfold between 2025 and 2030.
