Eurazeo introduces EPIC and EPSO, two pan-European evergreen funds targeted at private debt and secondary private equity, as part of its 2024–2027 expansion strategy to broaden private asset access for European investors.
Eurazeo, a prominent player in the European private asset management sector, has announced the launch of two new pan-European Evergreen investment funds, Eurazeo Prime Income Credit (EPIC) focused on private debt, and Eurazeo Prime Strategic Opportunities (EPSO), which targets secondary private equity. With each fund starting with over €100 million in initial capital contributed by Eurazeo and a leading institutional investor, these vehicles are set to be distributed widely across key European markets including Austria, Belgium, France, Germany, Italy, Luxembourg, the Netherlands, Spain, Sweden, Switzerland, and the United Kingdom.
This launch forms a crucial part of Eurazeo’s 2024–2027 strategic plan, which prioritises expanding its private client business and reinforcing its leadership in private asset management across Europe. The two new funds leverage the robust performance and commercial momentum of Eurazeo’s first Evergreen fund, EPVE 3, which was established in 2018 and now oversees more than €3 billion in assets encompassing over 250 European companies. EPVE 3 is widely acknowledged as the leading Evergreen fund for private clients in France and stands as the largest French-law Evergreen fund in Europe’s private markets.
The introduction of EPIC and EPSO reflects Eurazeo’s ambition to broaden its footprint beyond France and democratise private equity investment opportunities for individual European investors. Co-CEOs Christophe Bavière and William Kadouch-Chassaing emphasised the firm’s intent to enable more individuals to participate in supporting European small and medium-sized enterprises (SMEs), thereby contributing directly to the development of regional businesses.
Luc Maruenda, Partner and Head of Wealth Solutions at Eurazeo, explained the rationale behind the new funds, highlighting their design to enhance accessibility to private debt and secondary private equity investments. These asset classes tend to offer increased predictability and diversification, which aligns with sound wealth management principles. This initiative positions Eurazeo to capitalise on a growing appetite among individual investors for diversified private market exposure.
Industry analysis supports the timeliness of Eurazeo’s launch. Market research, including projections by Novantigo, suggests the European Evergreen fund sector is on the cusp of significant growth, with assets under management anticipated to increase sixfold from 2025 to 2030. Regulatory modernization and broader efforts to democratize private investments are key drivers behind this trend.
Eurazeo’s broader investment activities underpin its commitment to SME financing and private asset growth. The group recently closed its sixth direct lending fund at €2.3 billion, raising total assets under management in its private debt programme to €3.2 billion, underscoring its standing as a leading SME funder. Additionally, Eurazeo reported robust fundraising in early 2025, with Private Equity fundraising quadrupling year-on-year and total assets under management rising to €36.8 billion by March 2025.
The firm’s 2024 strategic plan has yielded strong performances, with private equity fundraising hitting €1.6 billion in 2024, driven by significant buyout and infrastructure funds, and expansion into international markets including Asia and Continental Europe. Within wealth solutions, fundraising has grown as well, with increasing traction beyond France, such as in Belgium, Germany, Switzerland, and Italy.
Eurazeo’s launch of EPIC and EPSO, therefore, is both a continuation and expansion of a successful strategy that aims to deepen the penetration of private assets in individual portfolios across Europe. By enabling investors to access mid-market, growth, and impact strategies through evergreen funds distributed in multiple countries, Eurazeo is positioning itself at the forefront of a dynamic and evolving European private asset ecosystem.
- https://pulse2.com/eurazeo-expands-wealth-products-portfolio-with-launch-of-two-pan-european-evergreen-funds/ – Please view link – unable to able to access data
- https://en.newsroom.eurazeo.com/news/eurazeo-strengthens-the-internationalization-of-its-wealth-products-portfolio-with-two-pan-european-evergreen-funds-773ac-52e2c.html – Eurazeo has launched two new Evergreen investment funds, Eurazeo Prime Income Credit (EPIC) for private debt and Eurazeo Prime Strategic Opportunities (EPSO) for secondary private equity. These funds, each with over €100 million in initial capital, aim to expand Eurazeo’s Wealth portfolio across major European markets, including Austria, Belgium, France, Germany, Italy, Luxembourg, the Netherlands, Spain, Sweden, Switzerland, and the United Kingdom. The launch aligns with Eurazeo’s 2024-2027 strategic plan to enhance its private client business and solidify its position in European private asset management. EPIC and EPSO build upon the success of EPVE 3, Eurazeo’s first Evergreen fund established in 2018, which now manages over €3 billion in assets across more than 250 European companies. Industry analysis indicates that the market for Evergreen funds in Europe is poised for significant growth, with assets under management projected to increase sixfold between 2025 and 2030. Co-CEOs Christophe Bavière and William Kadouch-Chassaing emphasized Eurazeo’s commitment to democratizing private equity and providing individual European investors the opportunity to support local companies.
- https://www.sahmcapital.com/news/content/eurazeo-launches-two-pan-european-evergreen-funds-2025-11-26 – Eurazeo has introduced two new pan-European Evergreen funds: Eurazeo Prime Income Credit (EPIC) for private debt and Eurazeo Prime Strategic Opportunities (EPSO) for secondary private equity. Each fund begins with over €100 million in initial capital, contributed by Eurazeo and a leading institutional investor. These funds are designed for distribution across several European countries, including Austria, Belgium, France, Germany, Italy, Luxembourg, the Netherlands, Spain, Sweden, Switzerland, and the United Kingdom. The launch is part of Eurazeo’s 2024-2027 strategic plan to accelerate the development of its private client business and strengthen its position in European private asset management. EPIC and EPSO leverage the success of EPVE 3, Eurazeo’s first Evergreen fund established in 2018, which now manages over €3 billion in assets across more than 250 European companies. The European Evergreen fund market is expected to experience substantial growth, with assets under management projected to increase sixfold between 2025 and 2030, driven by regulatory changes and democratization efforts.
- https://www.eurazeo.com/en/newsroom/press-releases/eurazeos-private-debt-program-reaches-eu32-billion-after-successful-closing – Eurazeo has successfully closed its sixth direct lending fund at €2.3 billion, including €2.1 billion from third parties, exceeding the initial target of €2 billion. With an additional €900 million raised from retail investors, the total scale of Eurazeo’s Private Debt program reaches €3.2 billion. This achievement underscores Eurazeo’s position as a leading funder of SMEs in Europe. The Private Debt VI fund has invested in over 50 companies across Europe, focusing on resilient, non-cyclical sectors such as business services, healthcare, specialized financial services, and information technology. Eurazeo’s Private Debt strategy now accounts for over 20% of its assets under management, with a team of over 20 investors providing funding to European SMEs with valuations between €30 million and €300 million.
- https://www.eurazeo.com/en/newsroom/press-releases/eurazeo-reports-strong-fundraising-q1-2025-and-confirms-good-execution-its – Eurazeo reported strong fundraising in the first quarter of 2025, with €944 million collected from clients, a fourfold increase year-on-year. Private Equity fundraising totaled €491 million, nearly four times the amount raised in Q1 2024. The Eurazeo balance sheet did not subscribe any additional commitments in the Group’s funds during this period. The Group’s assets under management (AUM) stood at €36.8 billion at the end of March 2025, up 7% over 12 months. Fee Paying AUM totaled €27.5 billion, up 9% in total and 12% for third parties over 12 months. The Group continues to implement its dynamic asset rotation plan, with deployments totaling €0.8 billion in Q1 2025, compared to €0.4 billion in the same period in 2024.
- https://www.eurazeo.com/en/newsroom/press-releases/eurazeo-performs-strongly-first-year-its-2024-2027-strategic-plan – Eurazeo has demonstrated strong performance in the first year of its 2024-2027 strategic plan. Private Equity fundraising totaled €1.6 billion in 2024, driven by the successful Mid-Large buyout EC V program, which raised €3 billion in total assets under management. The transition infrastructure fund ETIF completed its final closing at €706 million, surpassing its initial target of €500 million by 40%. The Group increased its institutional Limited Partners (LP) client base by 31 new clients in 2024 and expanded internationally, with over 60% of the funds raised abroad, particularly in Asia and Continental Europe. Wealth Solutions fundraising from private clients totaled €941 million, a 9% increase compared to 2023, with initial successes outside France, particularly in Belgium, and the signing of distribution partnerships in Germany, Switzerland, and Italy. The EPVE 3 fund surpassed €2.65 billion, making it one of the largest private market evergreen funds in Europe.
- https://www.finanzwire.com/press-release/eurazeo-epa-rf-eurazeo-strengthens-the-internationalization-of-its-wealth-products-portfolio-with-two-pan-european-evergreen-funds-9HvBLAxu4VP – Eurazeo has launched two new Evergreen investment funds, Eurazeo Prime Income Credit (EPIC) for private debt and Eurazeo Prime Strategic Opportunities (EPSO) for secondary private equity. Each fund, with over €100 million in initial capital, aims to expand Eurazeo’s Wealth portfolio across major European markets, including Austria, Belgium, France, Germany, Italy, Luxembourg, the Netherlands, Spain, Sweden, Switzerland, and the United Kingdom. The launch aligns with Eurazeo’s 2024-2027 strategic plan to enhance its private client business and solidify its position in European private asset management. EPIC and EPSO build upon the success of EPVE 3, Eurazeo’s first Evergreen fund established in 2018, which now manages over €3 billion in assets across more than 250 European companies. Industry analysis indicates that the market for Evergreen funds in Europe is poised for significant growth, with assets under management projected to increase sixfold between 2025 and 2030. Co-CEOs Christophe Bavière and William Kadouch-Chassaing emphasized Eurazeo’s commitment to democratizing private equity and providing individual European investors the opportunity to support local companies.
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The draft above was created using the information available at the time the story first
emerged. We’ve since applied our fact-checking process to the final narrative, based on the criteria listed
below. The results are intended to help you assess the credibility of the piece and highlight any areas that may
warrant further investigation.
Freshness check
Score:
10
Notes:
The narrative is based on a press release issued by Eurazeo on 26 November 2025, indicating high freshness. ([en.newsroom.eurazeo.com](https://en.newsroom.eurazeo.com/news/eurazeo-strengthens-the-internationalization-of-its-wealth-products-portfolio-with-two-pan-european-evergreen-funds-773ac-52e2c.html?utm_source=openai))
Quotes check
Score:
10
Notes:
The direct quotes from Co-CEOs Christophe Bavière and William Kadouch-Chassaing, as well as Partner Luc Maruenda, are consistent with those in the Eurazeo press release, suggesting originality. ([en.newsroom.eurazeo.com](https://en.newsroom.eurazeo.com/news/eurazeo-strengthens-the-internationalization-of-its-wealth-products-portfolio-with-two-pan-european-evergreen-funds-773ac-52e2c.html?utm_source=openai))
Source reliability
Score:
10
Notes:
The narrative originates from Eurazeo’s official press release, a reputable source, enhancing its reliability. ([en.newsroom.eurazeo.com](https://en.newsroom.eurazeo.com/news/eurazeo-strengthens-the-internationalization-of-its-wealth-products-portfolio-with-two-pan-european-evergreen-funds-773ac-52e2c.html?utm_source=openai))
Plausability check
Score:
10
Notes:
The claims about the launch of two new Evergreen funds, EPIC and EPSO, align with Eurazeo’s strategic plan and are corroborated by multiple reputable sources, including financial news outlets. ([tribune-assurance.optionfinance.fr](https://tribune-assurance.optionfinance.fr/depeches/d/2025-11-26-eurazeo-renforce-linternationalisation-de-son-offre-aux-particuliers.html?utm_source=openai))
Overall assessment
Verdict (FAIL, OPEN, PASS): PASS
Confidence (LOW, MEDIUM, HIGH): HIGH
Summary:
The narrative is a recent press release from Eurazeo, containing original quotes and information consistent with other reputable sources, indicating high credibility.