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...
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