Fundraising

The firm is targeting €1bn for its third Europe-focused growth fund, which it expects to launch as early as this year.

The firm, which is gearing up to launch its three largest funds, expects AUM to ‘compound significantly’ on the back of increased distribution efforts and more mature track records.

Can the US manager, its fundraising muscles flexed, establish itself in infra the way it has in other asset classes?

The firm raised about €700m in third-party capital for Eurazeo Capital IV, with the €1.8bn remainder coming from its balance sheet.

The North America- and Western Europe-focused buyout firm, which was targeting $2.2bn, has been in market since July last year.

LPs are looking for strong teams, skin in the game and honest dialogue, delegates heard at sister title Buyouts’ fourth annual gathering devoted to new managers.

Among the first half's highlights are growth capital’s meteoric rise, renewed interest in co-investment vehicles and a look at the big beasts currently raising capital.

International GPs backed more than 80% of deals by volume in first half of 2019, according to a report from industry association ASCRI.

LPs are rethinking fund allocations amid a pronounced downturn in the sector, and paying closer attention to sustainable strategies and vehicles focusing on renewables.

The lower mid-market firm closed on its €260m hard-cap for its fifth fund after less than two months on the fundraising trail.