Eurazeo raises $4.5B as European private credit capital pools at the top
Key takeaways
- Eurazeo Private Debt VII, which focuses on lending to lower mid-market companies across Europe, attracted total commitments of €5.5 billion, including separately managed accounts and private wealth capital.
- The close comes at a difficult moment for global private debt fundraising.
- More broadly, private debt saw its third consecutive year of declining fund count, even as total capital raised held broadly steady at around $221 billion.
Eurazeo raises $4.5B as European private credit capital pools at the top Andrew Woodman Tue, June 2, 2026 at 7:27 PM GMT+7 2 min read RF.PA French asset manager Eurazeo has closed its biggest direct lending fund yet at €3.9 billion (about $4.5 billion), beating its target by almost a third—making it one of a handful of European credit managers raising capital in a tough market.
Eurazeo Private Debt VII, which focuses on lending to lower mid-market companies across Europe, attracted total commitments of €5.5 billion, including separately managed accounts and private wealth capital. International investors account for more than 60% of commitments, with North American and Asian LPs among the most active, the firm said.
The close comes at a difficult moment for global private debt fundraising. PitchBook’s 2025 Annual Global Private Debt Report shows that 55 direct lending funds reached a final close in 2025, raising a combined $101.7 billion—a year-on-year decline in both fund count and capital raised, even as direct lending retained its dominant share of private debt fundraising.