EURAZEO & PANTHEON ESTABLISH A NEARLY €500 MILLION PRIVATE DEBT CONTINUATION VEHICLE

EURAZEO
66, rue Pierre Charron – 75008 Paris
www.eurazeo.com

PRESS
RELEASE
February 2026
INTERNAL ALL

EURAZEO & PANTHEON ESTABLISH A NEARLY €500 MILLION PRIVATE DEBT CONTINUATION VEHICLE

Paris, February 3, 2026

Eurazeo announces the successful closing of a €480 million bespoke private debt continuation vehicle supported by Pantheon, a global private markets investor with longstanding expertise in credit secondaries.

The operation involves the establishment of a continuation fund vehicle, the implementation of fund leverage and the purchase of a diversified portfolio of performing European senior credit assets originating from Eurazeo’s legacy private debt platforms. As part of the structure, Eurazeo will continue to manage the assets, ensuring continuity in portfolio monitoring and strong stakeholder alignment, while Pantheon will provide additional capital, giving Eurazeo new lending capacity to support European middle market companies.

This continuation fund enables liquidity for LPs while maintaining stability for underlying assets. It forms part of Eurazeo’s broader strategy to proactively manage fund maturity cycles and deliver optimised, long-term outcomes for its investor base.

Nicolas Nedelec, Partner in Eurazeo’s Private Debt team, declared:

“We are pleased to deliver a tailored and highly attractive solution for our LPs while partnering for the long term with Pantheon, a leading global player in credit secondaries. This transaction demonstrates the depth of our private debt platform and our commitment to proactively managing the lifecycle of our funds in the best interests of our investors.”

Toni Vainio, Partner, Head of European Private Credit at Pantheon, added:

“We are delighted to continue expanding our existing relationship with Eurazeo by supporting this continuation fund. Eurazeo’s proven expertise in managing these assets and originating high-quality transactions was a key driver of our conviction. The transaction illustrates our ability to design scalable and bespoke secondary solutions in private credit, benefiting both new and existing investors.”

ABOUT EURAZEO

• Eurazeo is a leading European investment group with €37.4 billion in diversified assets under management, including €28 billion on behalf of institutional and retail clients through its private equity, private debt, real estate and infrastructure strategies. The Group supports more than 600 mid-market companies, leveraging the commitment of its 400-strong workforce, its in-depth sector expertise, its privileged access to global markets through 13 offices across Europe, Asia and the United States, and its responsible approach to value creation based on growth. The company's institutional and family shareholding structure, and its solid financial structure, ensure its long-term viability.
• Eurazeo has offices in Paris, New York, London, Frankfurt, Berlin, Milan, Stockholm, Madrid, Luxembourg, Shanghai, Seoul, Singapore, Tokyo and São Paulo.
• Eurazeo is listed on Euronext Paris.
• ISIN: FR000121121 - Bloomberg: RF FP - Reuters: EURA.PA.

ABOUT PANTHEON

• Pantheon* has been at the forefront of private markets investing for more than 40 years, earning a reputation for providing innovative solutions covering the full lifecycle of investments, from primary fund commitments to co-investments and secondary purchases, across private equity, private credit, and real assets.
• We have partnered with more than 1000 clients, including institutional investors of all sizes as well as a growing number of private wealth advisers and investors, with approximately $82 billion in discretionary assets under management (as of September 30, 2025).
• Leveraging our specialized experience and global team of professionals across Europe, the Americas, and Asia, we invest with purpose and lead with expertise to build secure financial futures.
• * Pantheon refers to the subsidiaries and subsidiary undertakings of the Pantheon Group. The Pantheon Group includes operating entities principally based and registered/regulated in the US, UK, Guernsey, Tokyo, Dublin, and Singapore.

IR CONTACTS

Pierre Bernardin
DIR. RELATIONS INVESTISSEURS
ir@eurazeo.com
+33 (0)1 44 15 01 11

PRESS CONTACTS

Claire Helleputte
HEAD OF MEDIA RELATIONS
chelleputte@eurazeo.com
+44 (0) 7442 234 254

PANTHEON
Brett Perryman
Global Head of Marketing & Communications
Brett.perryman@pantheon.com
+1 212 205 2038

Prosek Partners
Media Partners
Pro-pantheon@prosek.com