Private equity major Eurazeo has hauled in €1.6bn for its growth strategy targeting equity investments in European tech companies.
The group has put in €320m of capital towards the strategy while €200m has come from retail clients.
The strategy was initiated in 2014 and aims to support teach companies in the fields of B2B SaaS, digital health, cybersecurity, infrastructure software, fintech and marketplaces. Recent investments include UK banking software Thought Machine, online DIY specialist ManoMano and private database business Neo4j.
Benoist Grossmann, managing partner of venture and growth and CEO of Eurazeo Investment Manager, said, “Strong investor demand is an acknowledgement of Eurazeo’s expertise in the tech sector. Over the last 20 years, Eurazeo has developed one of the best track records in Europe and now manages some of Europe’s largest Venture and Growth funds. We are very happy to be working alongside such talented entrepreneurs.”
Eurazeo powered to a €1bn final close earlier in the month for its fourth secondaries fundraise, almost double the total it collected for its previous programme in the series.
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