EURAZEO & PANTHEON ESTABLISH A NEARLY €500 MILLION PRIVATE DEBT CONTINUATION VEHICLE

Eurazeo announces the successful closing of a €480 million bespoke private debt continuation vehicle supported by Pantheon, a global private markets investor with longstanding expertise in credit secondaries.

The operation involves the establishment of a continuation fund vehicle, the implementation of fund leverage and the purchase of a diversified portfolio of performing European senior credit assets originating from Eurazeo’s legacy private debt platforms. As part of the structure, Eurazeo will continue to manage the assets, ensuring continuity in portfolio monitoring and strong stakeholder alignment, while Pantheon will provide additional capital, giving Eurazeo new lending capacity to support European middle market companies.

This continuation fund enables liquidity for LPs while maintaining stability for underlying assets. It forms part of Eurazeo’s broader strategy to proactively manage fund maturity cycles and deliver optimised, long-term outcomes for its investor base.

Nicolas Nedelec, Partner in Eurazeo’s Private Debt team, declared:

“We are pleased to deliver a tailored and highly attractive solution for our LPs while partnering for the long term with Pantheon, a leading global player in credit secondaries. This transaction demonstrates the depth of our private debt platform and our commitment to proactively managing the lifecycle of our funds in the best interests of our investors.”

Toni Vainio, Partner, Head of European Private Credit at Pantheon, added:

“We are delighted to continue expanding our existing relationship with Eurazeo by supporting this continuation fund. Eurazeo’s proven expertise in managing these assets and originating high-quality transactions was a key driver of our conviction. The transaction illustrates our ability to design scalable and bespoke secondary solutions in private credit, benefiting both new and existing investors.”