Eurazeo has reported strong momentum in asset management for the year ending December 31, 2024, with significant growth in fundraising and assets under management (AUM). The company raised €4.3 billion from third-party clients, marking a 23% increase from the previous year, and surpassed its fundraising target. Notably, private debt fundraising surged by 86%, while private equity fundraising reached €1.6 billion, driven by successful programs in mid-large buyouts and biotech.

The total AUM for Eurazeo stood at €36.1 billion, reflecting a 4% increase year-over-year. Fee-paying AUM rose by 8% to €27 billion, with third-party assets growing by 12%. The company’s management fees also increased by 7% to €421 million, indicating a healthy revenue stream.

Eurazeo experienced a significant rise in asset realizations, totaling €3.4 billion, a threefold increase compared to 2023. Asset deployment also rose to €4.6 billion, demonstrating a robust balance sheet rotation with approximately 17% of the portfolio realized or announced for exit. The company anticipates further increases in exits in 2025.

Despite the strong performance, Eurazeo faced some challenges with legacy assets, resulting in a fair value change of -€0.3 billion. However, the overall portfolio showed solid value creation, with a 9% increase in value, contributing positively to the company's outlook.

Financially, Eurazeo reported a net income group share of -€0.4 billion, a decline from -€0.1 billion in 2023, primarily due to fair value adjustments. The asset management segment saw a 20% increase in contributions, reflecting the positive impact of the fundraising momentum.

In line with its strategic plan, Eurazeo proposed a 10% increase in its ordinary dividend to €2.65 and doubled its share buyback program to €400 million. This move is part of the company's commitment to enhancing shareholder returns.

Eurazeo's leadership emphasized the company's strong performance in its first year of the 2024-2027 strategic plan, highlighting achievements in fundraising, revenue growth, and portfolio performance. They expressed optimism about future exits and value creation prospects in a challenging market environment.

The company also made strides in sustainability, with a focus on impact funds and decarbonization efforts. The first closing of the EPBF and Biofund IV, along with the final closing of the ETIF, showcased Eurazeo's commitment to sustainable investment practices.

Overall, Eurazeo's results reflect a robust asset management strategy, with significant growth in fundraising, asset deployment, and a positive outlook for future performance, despite some challenges with legacy assets. The company is well-positioned as a leading private-market asset manager in Europe, with a strong focus on sustainability and shareholder value.