Eurazeo launched its largest‑ever secondaries vehicle, Fund V, raising €2.3bn—more than double the €1bn capital of its 2021‑vintage predecessor. The surge reflects robust investor appetite for secondary deals amid tighter primary fundraising.

With the extra capital, Eurazeo can pursue larger, diversified stakes in private equity funds, providing liquidity to sellers and reducing portfolio concentration risk. The vehicle enables the firm to lock in discounts and generate alpha through active management.

For investors, the new fund offers greater access to secondary markets, potentially higher returns and improved liquidity. Eurazeo’s scale also positions it to negotiate better fee terms and attract co‑investment partners.

The €2.3bn inflow raises competitive pressure across the secondary space, prompting rivals to raise larger vehicles. Eurazeo’s expanded platform may drive consolidation and shape fee structures industry‑wide, benefiting institutional capital deployers.