Eurazeo: 7% increase in AuM over 12 months
(CercleFinance.com) - At end-September 2024, Eurazeo reported assets under management (AuM) up 7% y-o-y to E35.
5bn, of which E25.2bn for third parties (Limited Partners and individual clients), up 12% y-o-y.
In the first nine months of the year, the investment company raised E3bn from its clients, up 76% on the E1.7bn raised over the same period in 2023.
The group also boasts a 'solid performance by portfolio companies', with continued growth in sales by buyout companies (+7%) and real assets driven by hospitality and property development (+21%).
In view of these successes and the positive commercial discussions underway, Eurazeo expects to raise around E4bn from third parties in 2024 (compared with E3.5bn in 2023), and confirms the upturn in disposal volumes.
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