Eurazeo raises over €1bn at first close of PME V Fund

Eurazeo has completed the first close of its PME V fund at more than €1bn, marking a fundraising milestone broadly in line with the previous vintage and underscoring continued institutional appetite for European mid-market buyouts. The fund, managed through Eurazeo’s Elevate team, follows PME IV which closed at around €1bn in 2022. The firm said international investors now represent roughly 60% of total commitments, reflecting a growing share of global capital backing its European mid-market...