Ely Place advises Eurazeo on latest private debt fundraising

Ely Place
July 2021

Ely Place News

Ely Place secures €100m single investor commitment for Eurazeo on the final closing of Idinvest Private Debt V

Ely Place Partners Limited (“Ely Place”) is pleased to announce that it acted for Eurazeo on its latest direct lending fund, securing a €100 million single investor commitment to Idinvest Private Debt V. Eurazeo has held a final close at €1.5 billion, ahead of its initial target of €1.2 billion.

Building on the solid track record of its four previous vintages of direct lending vehicles, this fund was raised thanks to the renewed confidence of Eurazeo’s long-standing investors, while also attracting many new investors including a new substantial commitment secured by Ely Place. Today, more than 70 per cent of the fund’s investors are located outside France. 

François Lacoste, Managing Partner and Head of Private Debt at Eurazeo, said: “In these unusual times, we are very grateful for the continued support of our investors and the trust they have placed in us, and we are proud to have exceeded our initial fundraising target. We are convinced that the private debt market will continue to be a source of new opportunities for Eurazeo. We are keen to invest in high-performing and promising companies, alongside top management teams and sponsors in Europe.” 

Daniel Roddick, Partner at Ely Place, said: “We were delighted to assist our client with the expansion of its Private Debt programme and to enable them to secure a significant commitment for their latest fund from a new investor relationship.”

A link to additional recent press coverage can also be found here: https://www.privateequitywire.co.uk/2021/07/27/304101/eurazeo-private-debt-programme-reaches-eur2bn-final-close-fifth-direct-lending 

For press inquiries, please contact daniel@ely.place.