Fund: Eurazeo Prime Strategic Opportunities

Secondary private equity involves buying or selling existing holdings in private equity funds or assets. It brings liquidity to the market and offers greater flexibility than primary private equity funds.

Investing in a secondary fund provides immediate access to several hundred companies across different sectors and geographical areas, offering a good level of diversification. Investors can thus gain exposure to established companies, often leaders in their markets, with clear visibility on exit horizons.

The secondary private equity market has experienced sustained growth over the past 20 years, driven by the expansion of the primary market, the professionalization of specialized players, and the emergence of new liquidity solutions. Over the past five years, its size has doubled, and a similar phase of expansion is expected between now and 2030. Increasingly integrated into management strategies, secondary transactions are now establishing themselves as a sustainable driver of growth in the private equity market.

Sources: Eurazeo analysis based on the Global Secondary Market Review - Jefferies - January 2024 and Evercore FY 2023 Secondary Market Survey Results - Highlights, January 2024

Eurazeo has a dedicated team of 32 professionals working on its secondary private equity strategy, having completed more than 90 transactions since 2003 for a total of €3.7 billion committed (data as of end-September 2025). The selection focuses on mature assets that are profitable at the time of the investment analysis, have a history of growth and demonstrate their ability to reduce debt, enabling the construction of a robust portfolio. Sector and geographic diversification ensures increased portfolio stability, with performance characterized by lower volatility across different economic cycles.

The investment approach is based on acquiring stakes in mid-sized companies, often in secondary transactions, which benefit from stable valuations and improved visibility on exit horizons. By focusing on growth assets in the European mid-market, Eurazeo aims to generate regular returns while controlling risk.

EPSO is an evergreen fund offering quarterly liquidity windows, limited to 5% of net assets per quarter and up to 20% per year. However, there is a lock-up period for redemptions during the first three years following the fund's launch (please refer to the fund rules for further details).

The vehicle is also designed to meet the needs of private investors, with a minimum investment of between €10,000 and €250,000 (depending on the country) and a single call for funds upon subscription, while offering the possibility of monthly reinvestments.